Dangote Sugar Refinery Plc (NGX:DANGSUGAR)

Dangote Sugar Refinery Balance Sheet

Financials in millions NGN. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	79,878	108,167	204,763	174,858	103,010	44,860
Cash & Short-Term Investments	79,878	108,167	204,763	174,858	103,010	44,860
Cash Growth	-33.65%	-47.17%	17.10%	69.75%	129.62%	82.27%
Accounts Receivable	131,914	23,737	8,131	4,649	14,662	10,634
Other Receivables	-	23,095	20,011	16,666	5,928	7,995
Receivables	131,914	47,036	28,484	21,607	20,697	18,730
Inventory	149,151	199,014	62,381	51,207	60,655	67,463
Prepaid Expenses	-	3,783	745.01	254.1	131.32	37.04
Other Current Assets	29,226	67,957	104,189	86,747	30,334	45,209
Total Current Assets	390,169	425,957	400,562	334,673	214,828	176,299
Property, Plant & Equipment	615,690	616,645	167,083	157,762	144,678	101,734
Long-Term Deferred Tax Assets	9,761	8,231	33,145	-	-	-
Total Assets	1,015,621	1,050,833	600,790	492,434	359,506	278,032
Accounts Payable	63,918	76,894	33,434	20,364	23,231	5,278
Accrued Expenses	626.67	12,442	34,988	22,054	19,666	19,146
Short-Term Debt	-	168,406	-	218,243	154,413	93,882
Current Portion of Long-Term Debt	736,217	511,848	412,021	243.72	220.04	194.65
Current Portion of Leases	-	2,742	116.26	981.14	1,220	1,051
Current Income Taxes Payable	4,432	4,411	14,446	25,543	10,449	1,555
Current Unearned Revenue	-	12,032	17,792	6,161	4,506	2,762
Other Current Liabilities	6,322	10,023	8,417	13,848	4,838	18,181
Total Current Liabilities	811,515	798,798	521,214	307,438	218,543	142,049
Long-Term Debt	-	37,254	246.11	531.56	764.45	984.49
Long-Term Leases	5,636	2,553	83.95	-	1,135	1,383
Long-Term Deferred Tax Liabilities	-	-	-	13,238	10,432	8,904
Total Liabilities	817,151	838,605	521,544	321,208	230,875	153,321
Common Stock	6,073	6,073	6,073	6,073	6,073	6,073
Additional Paid-In Capital	6,321	6,321	6,321	6,321	6,321	6,321
Retained Earnings	-136,268	-125,717	66,882	158,845	116,254	112,328
Comprehensive Income & Other	322,433	325,599	-	-	-	-
Total Common Equity	198,559	212,276	79,276	171,239	128,648	124,722
Minority Interest	-89.58	-47.9	-30.4	-12.79	-16.75	-10.67
Shareholders' Equity	198,470	212,228	79,246	171,226	128,631	124,712
Total Liabilities & Equity	1,015,621	1,050,833	600,790	492,434	359,506	278,032
Total Debt	741,852	722,803	412,467	219,999	157,752	97,495
Net Cash (Debt)	-661,974	-614,636	-207,704	-45,141	-54,742	-52,634
Net Cash Per Share	-54.53	-50.60	-17.10	-3.72	-4.51	-4.33
Filing Date Shares Outstanding	12,118	12,147	12,147	12,147	12,147	12,147
Total Common Shares Outstanding	12,118	12,147	12,147	12,147	12,147	12,147
Working Capital	-421,346	-372,841	-120,652	27,234	-3,716	34,250
Book Value Per Share	16.39	17.48	6.53	14.10	10.59	10.27
Tangible Book Value	198,559	212,276	79,276	171,239	128,648	124,722
Tangible Book Value Per Share	16.39	17.48	6.53	14.10	10.59	10.27
Land	-	87,389	5,998	5,522	5,522	5,556
Buildings	-	38,934	21,555	21,475	18,255	17,428
Machinery	-	851,435	97,347	92,966	84,413	74,001
Construction In Progress	-	94,232	92,178	83,073	78,165	40,594

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.