Dangote Sugar Refinery to Resume Dividend Payments Following Profit Rebound

Dangote Sugar Refinery is set to resume dividend payments by at least 2027 as analysts project a return to profitability. The company halted payouts in 2023 due to losses caused by economic conditions and currency devaluation.

Improved macroeconomic conditions have led to a net profit of N13.7 billion in Q3 2025, marking a positive turnaround. Despite a forecasted stronger profit in FY 2026, accumulated losses may delay dividend resumption until FY 27.

CardinalStone analysts anticipate better margins and profitability for the company in the coming years.