Dangote Sugar Refinery Plc is showing early signs of stabilisation after two bruising years triggered by the naira’s devaluation, with losses narrowing sharply in 2025 as gross margins rebounded and foreign-exchange pressures moderated.
The Lagos-based refiner posted a pre-tax loss of N72.3 billion in 2025, an improvement from N270.9 billion a year earlier. Net loss narrowed to N64.1 billion from N192.6 billion in 2024, according to its audited financial statements.
Revenue rose to N665.6 billion in 2025 from N441.5 billion in 2024, as the company raised prices to offset higher input costs and benefited from improved volumes.
