Dangote Sugar Refinery Ratios and Metrics

Market cap in millions NGN. Fiscal year is January - December.

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 10, 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
Market Capitalization	884,293	728,813	394,774	692,372	194,957	211,356
Market Cap Growth	96.76%	84.61%	-42.98%	255.14%	-7.76%	0.07%
Enterprise Value	1,559,661	1,390,697	895,684	941,963	239,670	151,910
Last Close Price	72.80	60.00	32.50	57.00	14.73	15.06
PE Ratio	-	-	-	-	3.56	9.58
Forward PE	17.76	20.74	-	10.55	5.24	7.87
PS Ratio	1.07	0.88	0.59	1.57	0.48	0.77
PB Ratio	6.86	5.65	1.86	8.74	1.14	1.64
P/TBV Ratio	6.85	5.65	1.86	8.73	1.14	1.64
P/FCF Ratio	-	-	-	15.99	2.46	2.76
P/OCF Ratio	64.67	53.30	-	11.02	1.85	1.65
PEG Ratio	-	0.77	0.77	0.77	0.77	0.77
EV/Sales Ratio	1.88	1.68	1.35	2.13	0.59	0.55
EV/EBITDA Ratio	10.88	9.59	27.11	10.26	2.52	3.20
EV/EBIT Ratio	16.12	14.11	40.12	11.43	2.78	3.90
EV/FCF Ratio	-50.12	-	-	21.76	3.02	1.99
Debt / Equity Ratio	5.65	5.65	3.41	5.21	1.29	1.23
Debt / EBITDA Ratio	5.02	5.02	20.70	4.45	2.29	3.27
Debt / FCF Ratio	-	-	-	9.53	2.78	2.06
Net Debt / Equity Ratio	5.24	5.24	2.90	2.62	0.26	0.43
Net Debt / EBITDA Ratio	4.66	4.66	18.61	2.26	0.48	1.15
Net Debt / FCF Ratio	-21.71	-21.71	-1.53	4.80	0.57	0.72
Asset Turnover	0.82	0.82	0.81	0.81	0.95	0.87
Inventory Turnover	3.76	3.76	4.80	6.10	5.51	3.53
Quick Ratio	0.19	0.19	0.19	0.45	0.64	0.57
Current Ratio	0.43	0.43	0.53	0.77	1.09	0.98
Return on Equity (ROE)	-37.58%	-37.58%	-132.17%	-58.90%	36.51%	17.41%
Return on Assets (ROA)	6.11%	6.11%	1.69%	9.42%	12.64%	7.64%
Return on Invested Capital (ROIC)	11.84%	12.08%	4.01%	32.74%	28.68%	14.01%
Return on Capital Employed (ROCE)	56.60%	56.60%	8.90%	103.50%	46.60%	27.70%
Earnings Yield	-7.24%	-8.79%	-48.79%	-10.65%	28.08%	10.44%
FCF Yield	-3.52%	-4.27%	-101.84%	6.25%	40.66%	36.19%
Dividend Yield	-	-	-	-	10.18%	6.64%
Payout Ratio	-	-	-	-	22.19%	82.60%
Buyback Yield / Dilution	0.09%	0.11%	-	-	-	-
Total Shareholder Return	0.09%	0.11%	-	-	10.18%	6.64%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.