Highlights
- Revenue declined by 6% YoY, from ₦216.28 billion in Q2 2025 to ₦204.07 billion in Q2 2026.
- The Group returned to profitability, recording a profit after tax of ₦22.36 billion, compared with a loss of ₦626 million in Q2 2025.
- Gross margin improved significantly from 20% in Q2 2025 to 25% in Q2 2026, reflecting stronger cost efficiency.
- Net finance costs declined by 40% YoY to ₦20.68 billion, supported by lower debt obligations.
Outlook
Going forward, we expect the sustainability of this recovery to depend increasingly on the Group’s ability to maintain cost efficiencies, manage its financing obligations and recover sales volumes. Moreso, a more stable foreign exchange environment should provide further support to margins by reducing the volatility of imported input costs and foreign exchange-related pressures. In addition, the moderation in raw material and freight costs, if sustained, should provide further room for margin expansion and support the conversion of revenue into operating profit.
Continued investment in distribution infrastructure and deeper penetration of underserved markets could support volume recovery over the medium term, particularly as supply and distribution conditions improve across the country.
Please follow the link “Dangote Sugar Refinery Plc Q2 2026 – Cost Efficiencies Drive Earnings Recovery” to view the whole report.
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