Dangote Sugar rebounds with strong profit after cost cuts
Dangote Sugar Refinery Plc has returned to profitability, driven by lower production costs and reduced finance charges. The company overcame weaker revenue to post a substantial profit after tax. Its financial turnaround marks a sharp contrast to the losses recorded in the previous year. Improved cost efficiency and a lighter financing burden were key to the recovery.
TLDR
- Dangote Sugar Refinery Plc posted a N41.51bn profit after tax in the first half of 2026, reversing a N24.27bn loss in the same period of 2025.
- Revenue fell 8.9% to N391.85bn, but cost of sales dropped 21.3% to N298bn, boosting gross profit by 81.6% to N93.85bn.
- Finance costs declined to N50.42bn in the first six months of 2026 from N64.97bn in the same period last year.
- Operating profit jumped to N92bn from N38.1bn in the corresponding period of 2025.
- The company reported N22.36bn profit after tax in the second quarter of 2026, compared to a N626m loss in the same quarter of 2025.
