Dangote Sugar Refinery Plc (NGX:DANGSUGAR)

Dangote Sugar Refinery Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	23,796	52,580	108,167	204,763	174,858	103,010
Cash & Short-Term Investments	23,796	52,580	108,167	204,763	174,858	103,010
Cash Growth	-70.21%	-51.39%	-47.17%	17.10%	69.75%	129.62%
Accounts Receivable	77,793	47,704	23,737	8,131	4,649	14,662
Other Receivables	-	23,300	23,095	20,011	16,666	5,928
Receivables	258,250	71,073	47,036	28,484	21,607	20,697
Inventory	16,027	175,883	199,014	62,381	51,207	60,655
Prepaid Expenses	-	381.73	3,783	745.01	254.1	131.32
Other Current Assets	5,616	43,407	67,957	104,189	86,747	30,334
Total Current Assets	303,689	343,324	425,957	400,562	334,673	214,828
Property, Plant & Equipment	630,586	613,409	616,645	167,083	157,762	144,678
Long-Term Deferred Tax Assets	8,924	9,193	8,231	33,145	-	-
Total Assets	943,198	965,926	1,050,833	600,790	492,434	359,506

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	148,845	69,844	76,894	33,434	20,364	23,231
Accrued Expenses	617.37	10,505	12,434	34,988	22,054	19,666
Short-Term Debt	-	250,045	168,406	-	218,243	154,413
Current Portion of Long-Term Debt	89,319	438,011	511,848	412,021	243.72	220.04
Current Portion of Leases	-	2,642	2,742	116.26	981.14	1,220
Current Income Taxes Payable	8,878	5,219	4,411	14,446	25,543	10,449
Current Unearned Revenue	-	7,465	12,041	17,792	6,161	4,506
Other Current Liabilities	7,862	8,117	10,023	8,417	13,848	4,838
Total Current Liabilities	255,521	791,849	798,798	521,214	307,438	218,543
Long-Term Debt	-	37,254	37,254	246.11	531.56	764.45
Long-Term Leases	-	97.76	2,553	83.95	-	1,135
Long-Term Deferred Tax Liabilities	7,745	7,745	-	-	13,238	10,432
Total Liabilities	264,651	836,945	838,605	521,544	321,208	230,875

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	10,122	6,073	6,073	6,073	6,073	6,073
Additional Paid-In Capital	480,757	6,321	6,321	6,321	6,321	6,321
Retained Earnings	-115,494	-189,781	-125,717	66,882	158,845	116,254
Comprehensive Income & Other	303,302	306,468	325,599	-	-	-
Total Common Equity	678,688	129,081	212,276	79,276	171,239	128,648
Minority Interest	-140.21	-100.96	-47.9	-30.4	-12.79	-16.75
Shareholders' Equity	678,548	128,980	212,228	79,246	171,226	128,631
Total Liabilities & Equity	943,198	965,926	1,050,833	600,790	492,434	359,506

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	89,319	728,049	722,803	412,467	219,999	157,752
Net Cash (Debt)	-65,523	-675,469	-614,636	-207,704	-45,141	-54,742
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-3.60	-55.61	-50.60	-17.10	-3.72	-4.51
Filing Date Shares Outstanding	8,924	12,147	12,147	12,147	12,147	12,147
Total Common Shares Outstanding	8,924	12,147	12,147	12,147	12,147	12,147
Working Capital	48,168	-448,525	-372,841	-120,652	27,234	-3,716
Book Value Per Share	76.05	10.63	17.48	6.53	14.10	10.59
Tangible Book Value	678,688	129,081	212,276	79,276	171,239	128,648
Tangible Book Value Per Share	76.05	10.63	17.48	6.53	14.10	10.59
Land	-	86,576	87,389	5,998	5,522	5,522
Buildings	-	39,106	38,934	21,555	21,475	18,255
Machinery	-	863,077	851,435	97,347	92,966	84,413
Construction In Progress	-	117,482	94,232	92,178	83,073	78,165

Data Source: S&P Global Market Intelligence Last updated: Oct 29, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 3, 2026

Data Sources Report a data error