According to the company’s unaudited financial statement, revenue rose by 45.53% to N430.2 million from N285.6 million in the same period last year. Loss before tax dropped drastically by 89.5%, falling to N22.1 billion from N211.4 billion.

While finance income declined to N2.86 billion from N4.24 billion, finance cost dropped from N234.19 billion to N64.97 billion.

On a quarter-on-quarter basis, Q2 2025 finance income declined by 81% to N457.49 million, compared to N2.35 billion in Q2 2024.

Gross profit grew by 185% to N51.68 billion, up from N18.14 billion, while operating profit climbed 269% to N38 billion, compared to N10.3 billion in the previous year. However, earnings per share dropped to N2.0 from N11.86.

The company’s total assets grew to N1 trillion from N714.65 billion, while total liabilities increased to N848.28 billion from N779.42 billion.

Despite the lingering loss, the improvement in performance, compared to the previous year reflects successful cost control measures and a gradual recovery of operational efficiency.

His net worth now stands at $23.2 billion, according to Bloomberg Billionaires Index, after Dangote Cement shares fell to ₦480 on the Nigerian Stock Exchange on Wednesday.

Dangote owns an 86% stake in Dangote Cement Plc, making him the largest shareholder in Nigeria’s biggest cement producer.

As the company’s valuation slid, the billionaire’s fortune took a direct hit.

Beyond cement, Dangote’s business empire spans several sectors. He holds stakes in Dangote Sugar, NASCON Allied Industries, United Bank for Africa, and the Dangote Refinery—his most significant asset.

The refinery, which began operations in 2024, is currently valued at $20 billion, with Dangote holding 92.3% ownership. He also owns a fertilizer plant with an annual production capacity of 2.8 million tonnes of urea.

His investments include real estate as well. He owns six residential and commercial properties in Lagos—Africa’s largest city—which are valued using capitalization rates provided by CBRE Broll Nigeria and confirmed by his spokesperson, Anthony Chiejina.

Most of Dangote’s holdings are listed on the Nigerian Stock Exchange, making his net worth sensitive to market fluctuations. This recent loss stresses the instability of public markets and the financial risks faced even by high-profile investors.