Dangote Sugar H1'25 revenue almost doubles to N430.21bn

Dangote Sugar Refinery Plc reported revenue of N430.21 billion in the six months (H1) ended June 30, which in contrast to N295.62 billion earned in the same period in 2024 represents 45.53 percent increase.

Dangote Sugar Refinery Plc 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.

Its financial reports posted on the Nigerian Exchange Limited (NGX) showed revenue for the second quarter (Q2) rose by 25 percent, to N216.28 billion compared to N172.90 billion in 2024.

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The sugar refinery bounced back to profitability in the second quarter of 2025, reporting a pre-tax profit of N523.8 million, compared to a N104.5 billion loss recorded in the same period last year.

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 backwards 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

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.