Dangote Sugar Falls by 10% as Refinery Earnings Plunge

Dangote Sugar Falls by 10% as Refinery Earnings Plunge

Dangote Sugar Refinery Plc’s (Ticker: DANGSUGAR) share price nosedived by 10% as investor sentiment deteriorated after an unimpressive earnings performance.

Reactionary trades on the Nigerian Exchange sent the company’s share price to N74.7 on Wednesday, as 3.316 million units valued at N247.732 million were transacted.

Deteriorated investor sentiment widened the share price gap from its 52-week high to the current price by 15%. At the close of the trading session, the market value of Dangote Sugar Refinery Plc’s 12.146 billion outstanding shares plunged to N907.371 billion.

In its financial year 2025 results, Dangote Sugar Refinery Plc reported a N64.1 billion loss for the year, largely due to huge foreign exchange losses.

In its financial year 2025 results, Dangote Sugar Refinery Plc delivered a N64.1 billion loss for the year, mainly due to FX losses. Revenue grew by 24.6% year-on-year, but the bottom line weakened sharply.

 The report indicates that the N46.3 billion FX loss in Q4 was attributed to FX forwards of $58.0 million that were invalidated by the CBN. The foreign exchange loss shot the company’s net finance costs by 187.3x, according to CardinalStone Securities.

As a result, DANGSUGAR recorded a loss before tax of N63.6 billion compared with a profit before tax of N4.7 billion in Q4’24. Thereafter, loss after tax came in at N53.5 billion, as the company incurred a tax income of N10.0 billion. CBN Hikes Rate on 364-Day Treasury Bill to 16.73%