Dangote Sugar Refinery Plc (DSR) has announced a strong recovery in its financial results for the first half of 2025, recording a revenue of N430.21 billion, representing a 45.53% increase compared to N295.62 billion posted during the same period in 2024.
The performance, published on the Nigerian Exchange Group portal, also shows a 25% growth in second-quarter revenue, reaching N216.28 billion, up from N172.90 billion in the corresponding quarter of 2024.
After facing a major loss last year, the company bounced back to profitability in Q2 2025 with a pre-tax profit of N523.8 million, compared to a pre-tax loss of N104.5 billion in the same period last year. This turnaround highlights improvements in cost control, production efficiency, and market demand for locally refined sugar.
Dangote Sugar Refinery Plc is Nigeria’s leading sugar processor, refining and distributing granulated sugar to key players in the food and beverage, pharmaceutical, and skincare sectors. The company operates one of Africa’s largest sugar refining facilities with a combined capacity of 1.49 million metric tonnes—1.44 million MT at Apapa, Lagos, and 50,000 MT at Numan, Adamawa State.
The company’s recovery is also supported by its backward integration strategy, aimed at reducing its dependence on imported raw sugar. Through this initiative, DSR is cultivating 47,364 hectares of sugarcane plantations, with a long-term goal of producing 1.5 million MT of refined sugar annually from local sugarcane.
The backward integration programme aligns with the federal government’s drive to boost local production and achieve self-sufficiency in key commodities, especially within the sugar value chain. It also helps conserve foreign exchange and creates rural employment.
With this rebound, Dangote Sugar’s management is expected to stay focused on scaling production and deepening its distribution network nationwide. The company has been investing in infrastructure, automation, and farming technology to increase its production yield and operational efficiency.
Dangote Sugar’s strong H1 2025 results follow a difficult year where the business faced foreign exchange losses, high operating costs, and supply chain disruptions. The shift back to profitability is likely to reassure investors and stakeholders of the company’s long-term strategic direction.
