Dangote Sugar Refinery Plc staged a strong comeback in Q3 2025, reporting a ₦13.38 billion profit.
As a result, the company reversed last year’s ₦64.16 billion loss and cut its nine-month deficit to ₦8.7 billion.
Meanwhile, revenue grew modestly by 3.8% year-on-year to ₦196.02 billion, reflecting steady business performance.
Dangote Sugar Reveal Strong Q3 Profit
At the same time, the company reduced cost of sales sharply to ₦157.64 billion from ₦187.12 billion, boosting gross profit significantly.
Consequently, gross profit reached ₦38.38 billion, compared with just ₦1.68 billion in Q3 2024, which improved margins strongly.
Moreover, the gross margin rose to 19.6%, up from only 0.9% the previous year, demonstrating tighter cost control.
The company also increased operating profit to ₦43.02 billion, swinging from a loss of ₦2.16 billion last year.
Additionally, other income jumped to ₦12.49 billion, mainly driven by gains from foreign exchange movements.
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However, administrative expenses rose slightly to ₦7.57 billion, and impairment charges climbed to ₦134.4 million.
Despite higher expenses, the company cut net finance costs by 53.6% to ₦30.13 billion, supporting profitability growth.
Profit Turnaround
As a result, profit before tax reached ₦13.38 billion, reversing a loss of ₦64.16 billion in Q3 2024.
Consequently, profit after tax increased to ₦13.68 billion, compared with a ₦40.34 billion loss the previous year.
Balance Sheet Growth
Furthermore, total assets expanded 52% to ₦1.01 trillion, led by property, plant, and equipment of ₦615.6 billion.
At the same time, total liabilities rose 6% to ₦817.15 billion, mainly from leases and higher trade payables obligations.
Equity also rebounded to ₦198.46 billion, recovering from negative ₦105.11 billion, thanks to revaluation gains.
Finally, as of October 31, 2025, shares traded at ₦60.50, reflecting a strong year-to-date gain of 86%.
