Dangote Refinery Reports $4.73 Billion Profit in 2026

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

The unaudited results, published on October 13, 2026, indicated a significant rise in operating profitability, with EBITDA reaching $5.52 billion, up from $627.6 million in 2025, marking an increase of 779.69%. The EBITDA margin expanded to 24.56% from 6.83%.

The company also improved its financial position, transitioning from net debt of $1.73 billion to a net cash position of $650.8 million. 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.