DataPro upgrades Dangote Cement’s credit rating to AA+, affirms A1 short-term score

DataPro Rating Agency has upgraded the long-term credit rating of Dangote Cement Plc from AA to AA+, while reaffirming its short-term rating of A1, citing the company’s strong financial performance and sustained market leadership.

The agency announced that the upgraded rating carries a stable outlook and will remain valid until June 16, 2027.

According to DataPro, the rating action reflects Dangote Cement’s solid financial position, resilient operational performance and dominant presence in Nigeria and other African markets.

The agency said its assessment was based on a detailed evaluation of the company’s capital structure, earnings capacity, liquidity position, corporate governance standards, regulatory compliance and the sustainability of its financial performance over the medium and long term.

DataPro’s Business Development and Client Services Manager, Kehinde Rasheed, said the company’s strong brand equity, extensive asset base, healthy profitability and experienced management team were key factors supporting the upgrade.

He noted that these strengths have enabled Dangote Cement to maintain its ability to meet financial obligations despite economic challenges and industry pressures.

The rating report highlighted the company’s strong financial results for the 2025 financial year, during which revenue rose by 20 per cent year-on-year to N4.31 trillion.

Profit Before Tax also recorded significant growth, increasing by 109 per cent to N1.53 trillion.

According to the agency, the improved performance was driven by strong revenue expansion, enhanced operational efficiency, reduced finance costs and a stronger capital base.

DataPro explained that the AA+ long-term rating signifies very strong financial strength, excellent operating performance and a robust business profile relative to its rating benchmarks.

The affirmed A1 short-term rating, it added, indicates good credit quality and a strong capacity to meet short-term financial obligations as they fall due.

The agency further stated that the rating remains subject to a maximum validity period of 12 calendar months in line with international best practice standards.

It clarified that the rating should serve as a reference tool for investors and stakeholders and does not constitute an offer to buy or sell securities, nor does it replace independent investment judgement.