- Dangote Sugar posted a 45.53% jump in H1 revenue to $281.7 million, driven by strong commercial and retail demand.
- Net loss narrowed significantly to $0.41 million from $49.07 million as top-line growth and cost control efforts took hold.
- Lagos and Northern regions led revenue gains, with Northern Nigeria seeing a 98.36% year-on-year sales surge.
Dangote Sugar Refinery, the integrated sugar giant majority-owned by Nigerian billionaire Aliko Dangote, grew revenue by 45.53 percent year-on-year to N430.21 billion ($281.66 million) in the first-half of its 2025 fiscal year (H1 2025), up from N295.62 billion ($193.57 million). The robust growth reinforces its dominance as Nigeria’s leading food conglomerate.
Dangote Sugar’s H1 2025 revenue was largely driven by strong sales of 50kg sugar bags, which contributed about 97 percent of total earnings. Revenue from this core segment surged 46.68 percent year-on-year to N416.85 billion ($272.9 million), up from N284.19 billion ($186.17 million). The growth reflects robust demand across both commercial and retail customers, despite inflationary pressures and ongoing logistics constraints.
Losses ease on solid segment-driven revenue growth
The company’s recently published financial results revealed that Dangote Sugar trimmed its net loss to N626.11 million ($0.41 million) in H1 2025 from N75.01 billion ($49.07 million) a year earlier, as strong revenue growth, stricter cost discipline, and steady demand for its flagship product line fueled the rebound.
Advertisement
To order your copy, send a WhatsApp message to +1 317 665 2180
Regionally, Lagos led revenue performance, accounting for 51.39 percent of total sales. Revenue in the area rose 26.66 percent to N228.18 billion ($149.32 million), up from N180.15 billion ($117.89 million) a year earlier, driven by robust consumer demand and an expanded distribution network.
The Northern region, contributing 38 percent of overall revenue, posted the strongest growth. Sales nearly doubled, rising 98.36 percent to N163.46 billion ($106.99 million) from N82.4 billion ($53.94 million), supported by deeper market penetration and growing industrial demand.
Western Nigeria, responsible for 6.6 percent of revenue, saw sales increase 18.81 percent to N28.53 billion ($18.67 million), compared to N24.01 billion ($15.72 million) a year earlier. In the East, which accounted for 2.3 percent of revenue, sales climbed 10.85 percent to N10.04 billion ($6.57 million).
Dangote Sugar maintains lead as Nigeria’s top producer
Dangote Sugar Refinery, a key unit of the diversified Dangote Group, remains Nigeria’s largest sugar producer with a refining capacity of 1.44 million metric tonnes. Majority-owned by Africa’s richest man with a net worth of $28.4 billion, Aliko Dangote—whose $201 million stake represents 68 percent ownership—the company continues to dominate the market.
As of June 30, 2025, Dangote Sugar’s total assets rose 44.56 percent to N1.03 trillion ($676.53 million), up from N714.65 billion ($468.01 million) in the first-half of 2024. However, accumulated losses nearly doubled to N149.96 billion ($98.18 million) from N77.12 billion ($50.5 million) over the same period. Despite persistent macroeconomic pressures and currency volatility, the company’s robust revenue rebound reflects early signs of recovery. Its expansive footprint and market dominance remain key drivers of resilience and regional growth.
