Dangote Cement Plc (NGX:DANGCEM)
Nigeria · Delayed Price · Currency is NGN 1,469.90
0.00 (0.00%)
At close: Nov 10, 2026
Dangote Cement Cash Flow Statement
Financials in millions NGN. Fiscal year is January - December.
Millions NGN. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 1,246,606 | 1,002,847 | 498,192 | 445,214 | 375,988 | 361,008 |
Depreciation & Amortization | 210,999 | 214,306 | 228,011 | 150,722 | 120,109 | 100,526 |
Other Amortization | 1,643 | 720 | 948 | 438 | 281 | 240 |
Loss (Gain) From Sale of Assets | -3,623 | -627 | -13,031 | -2,447 | -21 | -378 |
Asset Writedown & Restructuring Costs | 476 | 831 | 1,015 | 702 | 1,972 | 1,338 |
Loss (Gain) on Equity Investments | -4,230 | -2,493 | -2,818 | -1,231 | -759 | -817 |
Other Operating Activities | 775,118 | 644,330 | 328,776 | 54,655 | 37,854 | 187,575 |
Change in Accounts Receivable | -64,717 | -109,043 | -46,762 | -37,304 | 457 | -11,173 |
Change in Inventory | -19,598 | -88,406 | -275,135 | -155,892 | -70,345 | -60,526 |
Change in Accounts Payable | -178,393 | -57,585 | 372,322 | 286,410 | -22,429 | 26,846 |
Change in Other Net Operating Assets | 281,933 | 105,882 | -270,334 | -69,326 | -65,886 | -16,000 |
Operating Cash Flow | 2,246,214 | 1,710,762 | 821,184 | 678,789 | 387,835 | 596,709 |
Operating Cash Flow Growth | 42.17% | 108.33% | 20.98% | 75.02% | -35.00% | 16.57% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -969,657 | -861,089 | -413,777 | -140,221 | -74,613 | -158,508 |
Sale of Property, Plant & Equipment | 15,503 | 1,057 | 2,413 | 5,640 | 106 | 1,238 |
Sale (Purchase) of Intangibles | -300 | -298 | -305 | -118 | -307 | -848 |
Other Investing Activities | 635,376 | 1,480,684 | -423,214 | 108,780 | -52,008 | 31,249 |
Investing Cash Flow | -319,078 | 620,354 | -834,883 | -25,919 | -126,822 | -126,869 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Issued | - | 1,097,834 | 1,817,924 | 491,685 | 338,454 | 329,115 |
Long-Term Debt Repaid | - | -2,273,821 | -1,285,217 | -345,823 | -270,599 | -326,941 |
Lease Payments | -7,831 | -5,321 | -4,398 | -4,838 | -3,421 | -2,110 |
Net Debt Issued (Repaid) | -630,700 | -1,175,987 | 532,707 | 145,862 | 67,855 | 2,174 |
Repurchase of Common Stock | - | - | - | -41,423 | -35,323 | -9,833 |
Common Dividends Paid | -754,224 | -502,942 | -502,580 | -337,471 | -337,471 | -272,005 |
Other Financing Activities | -147,135 | -397,637 | -341,670 | -118,984 | -68,840 | -52,558 |
Financing Cash Flow | -1,532,059 | -2,076,566 | -311,543 | -352,016 | -373,779 | -332,222 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | -20,196 | -23,680 | 24,807 | -19,557 | 252 | -15,289 |
Net Cash Flow | 374,881 | 230,870 | -300,435 | 281,297 | -112,514 | 122,329 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 1,276,557 | 849,673 | 407,407 | 538,568 | 313,222 | 438,201 |
Free Cash Flow Growth | 43.45% | 108.56% | -24.35% | 71.94% | -28.52% | 45.33% |
Free Cash Flow Margin | 25.91% | 19.73% | 11.38% | 24.39% | 19.36% | 31.67% |
Free Cash Flow Per Share | 76.20 | 50.72 | 24.32 | 32.02 | 18.56 | 25.78 |
Levered Free Cash Flow | 1,602,385 | 600,971 | 72,749 | 511,981 | 112,843 | 321,824 |
Unlevered Free Cash Flow | 1,687,631 | 817,344 | 352,799 | 602,312 | 159,869 | 357,028 |
Free Cash Flow After Leases | 1,268,726 | 844,352 | 403,009 | 533,730 | 309,801 | 436,091 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 147,135 | 397,637 | 341,670 | 118,984 | 68,840 | 52,558 |
Cash Income Tax Paid | 141,926 | 159,584 | 174,458 | 166,129 | 150,766 | 33,408 |
Change in Working Capital | 19,225 | -149,152 | -219,909 | 23,888 | -158,203 | -60,853 |