Dangote Sugar Refinery Plc has reported strong revenue growth and a sharp reduction in losses for the nine months ended September 30, 2025, reflecting improved efficiency and lower financing costs.
According to the company’s unaudited financial results filed with the Nigerian Exchange Limited (NGX), revenue rose by 29 per cent to N626.24bn, up from N484.43bn recorded in the same period of 2024.
Despite ongoing economic pressures, the company significantly narrowed its loss after tax to N10.59bn, compared to a staggering N184.36bn loss posted a year earlier.
In a statement, Dangote Sugar attributed the improved performance to enhanced operational efficiency, reduced finance costs, and recovery from previous fair value losses on assets.
Gross profit surged more than fourfold to N90.06bn from N19.82bn in 2024, driven by higher sales volumes and tighter cost control. However, administrative expenses climbed to N20.53bn from N11.83bn as the company expanded its operations.
Finance income declined to N3.34bn from N6.93bn, but finance costs dropped sharply to N95.59bn from N300.17bn in the previous year, resulting in a significantly reduced net finance loss of N92.25bn, compared to N293.25bn in 2024.
The company’s operating profit rose impressively to N81.12bn, up from N8.16bn in the corresponding period last year, underscoring stronger operational performance and cost recovery.
As of September 2025, Dangote Sugar’s total assets stood at N1.02tn, slightly down from N1.05tn at the end of December 2024. Shareholders’ equity fell to N198.56bn from N212.28bn, while total liabilities were put at N817.15bn.
The company’s property, plant, and equipment were valued at N615.69bn, while inventories amounted to N130.5bn, reflecting continued investment in production and supply chain capacity.
Earnings per share improved markedly, with a loss per share of 87 kobo compared to a loss of N15.18 in the same period of 2024.
Analysts say the results highlight Dangote Sugar’s resilience in a challenging macroeconomic environment, with the firm’s management focusing on cost efficiency, improved yields, and higher local production to sustain profitability going forward.
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