Dangote Sugar Plc joined the early filers on the Nigerian Exchange last week, as it released its half year unaudited accounts to the market. The numbers point to a recovery, as the negative earnings position dropped significantly, reflecting the improvement in topline, just as the result pointd to where the company is headed.
Sales revenue rises by 45.5% y/y
A close analysis of the results shows that Revenue (topline) grew by 45.5% year-on-year (y/y) to ₦430.21 billion, compared to 6M ’24 number. The sturdier topline growth stemmed from improvements in sales across the three major revenue segments.
At the bottom line, the company posted a Loss After Tax (LAT) of ₦24.27 billion, amid the soaring finance costs for servicing letters of credit, interest on commercial papers, bank loans and overdrafts. However, compared to the number posted in similar period of 2024 (6M ’24), LAT dropped significantly by 83.14%, from a loss of ₦144.01 billion.
See the table below for the detailed company’s earnings’ highlights.
Source: Dangote Sugar Plc 6M-2025 UFS Data,
For the stand-alone three months ended 30 June 2025 (Q2 ’25) performance (from 1st of April to 30th of June 2025), see the below highlights for a guide:
Source: Dangote Sugar Plc 6M-2025 UFS Data,
Brief about Dangote Sugar Plc
Dangote Sugar Refinery Plc was incorporated as a Public Limited Liability company on 4 January 2005, commenced operation on 1 January 2006 and became quoted on the Nigerian Exchange Limited in March 2007. Its current shareholding is 68% by Dangote Industries Limited and 32% by the Nigerian public. The principal activity of the Group includes raw sugar cultivation, refining into edible sugar and the selling of refined sugar. The Group’s products are sold to corporate customers as well as through distributors across the country.
The consolidated financial statements of the Group for the period ended 30 June 2025 comprise the company and its subsidiaries – Dangote Sugar (Ghana) Limited, Taraba Sugar Company Limited, and Adamawa Sugar Company Limited.
