Dangote Sugar Refinery Plc profitability was weighed down by a foreign exchange loss of N46.7 billion and additional finance costs totaling N128.6 billion in financial year ended 2025.
Dangote Sugar Chairman, Arnold Ekpe, told shareholders during the Company’s 20th Annual General Meeting held yesterday in Lagos.
Arnold Ekpe said that the Group posted a turnover of N829.2 billion, a 25 percent increase over 2024 adding “the loss for the year improved to N64.1 billion from N270.9 billion in the prior year, while EBITDA rose to N149.6 billion, up from N43.0 billion.”
Despite these hurdles, Ekpe assured shareholders that decisive actions are underway to boost operational efficiency and revenue growth.
“With shareholder backing for a N500 billion Rights Issue, we are in a strong position to bolster our balance sheet, setting the stage for future growth and profitability,” he said.
The Chairman emphasised the significance of the backward integration programme themed, “Sugar for Nigeria” as a cornerstone of the company’s strategic vision.
