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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	98,987	108,167	204,763	174,858	103,010	44,860
Cash & Short-Term Investments	98,987	108,167	204,763	174,858	103,010	44,860
Cash Growth	-28.37%	-47.17%	17.10%	69.75%	129.62%	82.27%
Accounts Receivable	27,780	23,737	8,131	4,649	14,662	10,634
Other Receivables	10,973	23,095	20,011	16,666	5,928	7,995
Receivables	38,900	47,036	28,484	21,676	20,697	18,730
Inventory	181,671	199,014	62,381	51,207	60,655	67,463
Prepaid Expenses	9,796	3,783	745.01	254.1	131.32	37.04
Other Current Assets	91,784	67,957	104,189	86,678	30,334	45,209
Total Current Assets	421,138	425,957	400,562	334,673	214,828	176,299
Property, Plant & Equipment	616,016	616,645	167,083	157,762	144,678	101,734
Long-Term Deferred Tax Assets	8,231	8,231	33,145	-	-	-
Total Assets	1,045,386	1,050,833	600,790	492,434	359,506	278,032
Accounts Payable	71,985	76,894	33,434	20,364	23,231	5,278
Accrued Expenses	29,140	12,442	34,988	22,054	19,666	19,146
Short-Term Debt	244,010	168,406	-	218,243	154,413	93,882
Current Portion of Long-Term Debt	441,239	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	5,427	4,411	14,446	25,543	10,449	1,555
Current Unearned Revenue	6,631	12,032	17,792	6,161	4,506	2,762
Other Current Liabilities	10,909	10,023	8,417	13,848	4,838	18,181
Total Current Liabilities	809,341	798,798	521,214	307,438	218,543	142,049
Long-Term Debt	42,037	37,254	246.11	531.56	764.45	984.49
Long-Term Leases	5,428	2,553	83.95	-	1,135	1,383
Long-Term Deferred Tax Liabilities	-	-	-	13,238	10,432	8,904
Total Liabilities	856,806	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	-149,348	-125,717	66,882	158,845	116,254	112,328
Comprehensive Income & Other	325,599	325,599	-	-	-	-
Total Common Equity	188,644	212,276	79,276	171,239	128,648	124,722
Minority Interest	-64.72	-47.9	-30.4	-12.79	-16.75	-10.67
Shareholders' Equity	188,579	212,228	79,246	171,226	128,631	124,712
Total Liabilities & Equity	1,045,386	1,050,833	600,790	492,434	359,506	278,032
Total Debt	732,714	722,803	412,467	219,999	157,752	97,495
Net Cash (Debt)	-633,727	-614,636	-207,704	-45,141	-54,742	-52,634
Net Cash Per Share	-52.17	-50.60	-17.10	-3.72	-4.51	-4.33
Filing Date Shares Outstanding	12,147	12,147	12,147	12,147	12,147	12,147
Total Common Shares Outstanding	12,147	12,147	12,147	12,147	12,147	12,147
Working Capital	-388,202	-372,841	-120,652	27,234	-3,716	34,250
Book Value Per Share	15.53	17.48	6.53	14.10	10.59	10.27
Tangible Book Value	188,644	212,276	79,276	171,239	128,648	124,722
Tangible Book Value Per Share	15.53	17.48	6.53	14.10	10.59	10.27
Land	113,657	87,389	5,998	5,522	5,522	5,556
Buildings	11,389	38,934	21,555	21,475	18,255	17,428
Machinery	855,262	851,435	97,347	92,966	84,413	74,001
Construction In Progress	97,752	94,232	92,178	83,073	78,165	40,594

Updated Mar 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.