Dangote Refinery Posts $4.73 Billion Profit in 2026

Dangote Petroleum Refinery and Petrochemicals FZE announced its financial results for the nine months ending September 30, 2026, revealing a net profit of $4.73 billion, a substantial recovery from a net loss of $117.2 million during the same period in 2025. Revenue increased by 144.47% year-on-year to $22.48 billion, driven by higher refining throughput and enhanced operational performance.

The unaudited results, released on October 13, 2026, indicated a significant rise in operating profitability, with EBITDA climbing to $5.52 billion from $627.6 million in 2025. The company improved its financial standing, transitioning from a net debt of $1.73 billion to a net cash position of $650.8 million.

David Bird, the Managing Director and Chief Executive Officer, noted that the performance was fueled by substantial revenue growth, stronger operating margins, and improved cash generation. Operating cash flow rose to $3.68 billion from $364.7 million, and cash balances increased to $6.69 billion from $809.5 million, reflecting a stronger liquidity position.