Dangote Sugar Refinery Plc has reported revenue of N626.24bn for the nine months ended September 30, 2025, representing a 29 per cent increase from N484.43bn recorded in the corresponding period of 2024.

The company’s unaudited financial statement, filed with the Nigerian Exchange Limited and made available to our correspondent on Sunday, showed that despite the revenue growth, Dangote Sugar posted a loss after tax of N10.59bn for the period under review, compared to an N184.36bn loss recorded in the same period of 2024.

The company attributed the decline in losses to improved operational efficiency, a reduction in finance costs, and recovery from prior fair value losses on assets.

Gross profit rose significantly to N90.06bn in 2025 from N19.82bn in 2024, reflecting higher sales volume and improved cost management, while administrative expenses climbed to N20.53bn from N11.83bn.

Finance income dropped to N3.34bn from N6.93bn, while finance cost reduced to N95.59bn from N300.17bn in the corresponding period of 2024, leading to a smaller net finance loss of N92.25bn compared to N293.25bn last year.

Dangote Sugar recorded an operating profit of N81.12bn in the period under review, compared to N8.16bn in the same period of 2024.

The company’s total assets stood at N1.02tn as of September 2025, slightly lower than N1.05tn reported at the end of December 2024. Total equity attributable to shareholders declined to N198.56bn from N212.28bn, while total liabilities were valued at N817.15bn.

Despite the loss position, Dangote Sugar maintained a strong balance sheet, with property, plant, and equipment valued at N615.69bn and inventories at N130.5bn.

Earnings per share stood at a loss of 87 kobo, compared to a loss of N15.18 in the prior period, reflecting a significant improvement in the company’s financial position.