April 28, 2025/CSL Research

Financial Highlights:

• Revenue +21.7% y/y to N994.66BN
• Cost of Sales (ex-depreciation) +1.7% y/y to N359.03BN
• OPEX (ex-depreciation) +4.33% y/y to N189.58BN
• EBITDA +49.1% y/y to N461.56BN
• Operating Profit +55.7% y/y to N397.42BN
• Profit before Tax +87.5% y/y to N311.97BN

Stock Rating: HOLD Target Price: N505.33/s

To read the full report, click on the link below​​

​CSL Dangote Cement Earnings Quick Take Q1 2025.pdf​​​​​​​​​​​​​​​​​

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