Dangote Sugar Posts N430.21bn Revenue In H1

Dangote Sugar Refinery Plc has reported a revenue of N430.21 billion in the first half of the year ended June 30, 2025.

The Company six months results released on the Nigerian Exchange Plc showed that revenue grew by 45.53 per cent from N295.62 billion earned in the same period in 2024 to N430.21 billion under the period review, while revenue for the second quarter rose by 25 percent to N216.28 billion compared to N172.90 billion in 2024.

Cost of sales rose by 36.42 per cent to N378.535 billion from N277.486 billion, while gross profit rose by 184.91 per cent to N51.677 billion as against N18.138 billion achieved in H1 2024.

The sugar refinery bounced back to profitability in the second quarter of 2025, reporting a pre-tax profit of N523.8 million, compared to the N104.5 billion loss recorded in the same period last year. Meanwhile, the Company’s total assets stood at N1.033 trillion as of June 30, 2025.

Recently, the chairman of Dangote Refinery, Alhaji Aliko Dangote said the company’s long-term target for 2025 and beyond was to increase refined sugar production to 1.5 million metric tonnes annually.

“This would place Dangote Sugar as a key contributor to Nigeria’s self-sufficiency in sugar production, reducing the nation’s reliance on sugar imports,” he stated.

Dangote Sugar Refinery is a leading sugar processor in Nigeria engaged in the refining, distributing, and marketing of granulated sugar to major players in the food and beverage, pharmaceutical and skin care industries as well as wholesalers. The Company operates an annual 1.44 million metric tonnes (MT) sugar refining plant in Apapa and a 50,000 tonne per annum refining facility in Numan, Adamawa State, making a total refining capacity of 1.49 million metric tonnes.

DSR has continued to invest in a backward integration programme to reduce its reliance on sugar imports. DSR has 47,364 hectares of sugar plantation and aims to produce 1.5MT of refined sugar annually from its sugarcane in the medium term.