Dangote Sugar Stock at N69: Analyzing Recent Performance
As of August 28, 2026, Dangote Sugar Refinery Plc's stock closed at N69, which is approximately 28% lower than its 52-week high of N95.80. The company's trailing earnings per share stood at N0.14, resulting in a price-to-earnings (P/E) ratio of 493 times, indicating a high valuation relative to earnings.
From 2021 to 2022, Dangote Sugar reported profits of N22.1 billion and N54.7 billion, respectively, but faced losses totaling about N330 billion from 2023 to 2025. Despite generating N72.7 billion in operating profit in 2023, net finance costs of N191.1 billion, primarily due to foreign exchange losses, led to significant losses.
The company narrowed its losses to N64.1 billion in 2025, with operating profit improving to N96.1 billion. In H1 2026, Dangote Sugar returned to profitability, posting N41.5 billion in profit after tax and an earnings per share of N3.42, indicating a potential turnaround in earnings performance.
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