Dangote Sugar Refinery Plc (NGX:DANGSUGAR)
Nigeria · Delayed Price · Currency is NGN 65.00
-0.65 (-0.99%)
At close: Nov 6, 2026
Dangote Sugar Refinery Cash Flow Statement
Financials in millions NGN. Fiscal year is January - December.
Millions NGN. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 20,773 | -64,064 | -192,599 | -73,743 | 54,738 | 22,058 |
Depreciation & Amortization | 61,755 | 46,520 | 12,598 | 10,268 | 9,732 | 9,272 |
Loss (Gain) From Sale of Assets | 89.54 | -15.77 | -17.16 | - | -174.6 | 16.16 |
Asset Writedown & Restructuring Costs | -693.66 | - | 2.34 | -343.23 | - | 14.17 |
Loss (Gain) From Sale of Investments | 0 | 0 | - | - | -63.54 | -15.32 |
Provision & Write-off of Bad Debts | 115.46 | 35.22 | -277.56 | 383.29 | - | - |
Other Operating Activities | 4,379 | -2,898 | 105,537 | 71,859 | 10,272 | 9,037 |
Change in Accounts Receivable | 56,317 | 6,438 | 28,134 | -25,296 | -57,216 | 12,920 |
Change in Inventory | -45,554 | 25,545 | -126,534 | -1,679 | 12,764 | 7,020 |
Change in Accounts Payable | 107,302 | - | - | - | 73,878 | 65,939 |
Change in Unearned Revenue | -4,566 | -4,566 | -5,800 | 11,592 | - | - |
Change in Other Net Operating Assets | 98,468 | 6,705 | -197,455 | 69,752 | 1,490 | 1,564 |
Operating Cash Flow | 298,362 | 13,675 | -376,404 | 62,807 | 105,420 | 127,826 |
Operating Cash Flow Growth | - | - | - | -40.42% | -17.53% | 112.34% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -81,373 | -44,793 | -29,935 | -19,515 | -26,152 | -51,347 |
Sale of Property, Plant & Equipment | 20.19 | 47.32 | 22.51 | - | 203.16 | 55.65 |
Other Investing Activities | 6,400 | 4,526 | 7,613 | 10,560 | 6,379 | 1,419 |
Investing Cash Flow | -74,953 | -40,220 | -22,300 | -8,955 | -19,569 | -49,872 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | - | 125,842 | 95,855 | - | - | - |
Long-Term Debt Issued | - | 249,550 | 160,850 | - | - | - |
Total Debt Issued | 765,818 | 375,392 | 256,705 | - | - | - |
Long-Term Debt Repaid | - | -325,926 | -23,982 | -2,085 | -1,684 | -1,426 |
Lease Payments | -5,523 | -3,022 | -226.25 | -1,798 | -1,410 | -1,158 |
Net Debt Issued (Repaid) | -122,383 | 49,466 | 232,723 | -2,085 | -1,684 | -1,426 |
Common Dividends Paid | - | - | - | -18,220 | -12,147 | -18,220 |
Other Financing Activities | -32,953 | -33,522 | -7,474 | -28.2 | -138.07 | -158.1 |
Financing Cash Flow | -155,335 | 15,943 | 225,248 | -20,334 | -13,969 | -19,804 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | -781.53 | -781.53 | 4,309 | -3,613 | -32.73 | - |
Net Cash Flow | 67,292 | -11,383 | -169,147 | 29,904 | 71,848 | 58,149 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 216,989 | -31,119 | -406,339 | 43,292 | 79,268 | 76,479 |
Free Cash Flow Growth | - | - | - | -45.38% | 3.65% | 129.39% |
Free Cash Flow Margin | 28.09% | -3.75% | -61.04% | 9.81% | 19.66% | 27.70% |
Free Cash Flow Per Share | 11.91 | -2.56 | -33.45 | 3.56 | 6.53 | 6.30 |
Levered Free Cash Flow | 120,246 | -4,962 | -175,911 | 8,955 | 9,778 | 14,777 |
Unlevered Free Cash Flow | 190,051 | 74,606 | -118,649 | 27,371 | 14,723 | 17,676 |
Free Cash Flow After Leases | 211,466 | -34,141 | -406,565 | 41,494 | 77,858 | 75,321 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 8,157 | 33,522 | 7,514 | 67.47 | 177.34 | 247.88 |
Cash Income Tax Paid | - | 3,377 | 13,412 | 22,319 | 9,661 | 1,547 |
Change in Working Capital | 211,967 | 34,121 | -301,654 | 54,369 | 30,916 | 87,443 |