Dangote Petroleum Refinery and Petrochemicals FZE has launched its monetary effects for the 9 months ended September 30, 2026, reporting a internet benefit of $4.73 billion, when put next with a internet lack of $117.2 million recorded within the corresponding length of 2025.
Earnings greater via 144.47% year-on-year to $22.48 billion, supported via upper refining throughput and stepped forward operational efficiency.
The unaudited effects, launched on October 13, 2026, additionally confirmed an important growth in running profitability, with EBITDA emerging to $5.52 billion from $627.6 million within the corresponding length of 2025.
The corporate additional reinforced its monetary place, shifting from internet debt of $1.73 billion to a internet money place of $650.8 million.
Key Highlights
- Earnings: $22.48 billion (Up 144.47% YoY from $9.19 billion).
- EBITDA: $5.52 billion (Up 779.69% YoY from $627.6 million).
- EBITDA margin: 24.56% (Up from 6.83% in 9M 2025).
- Internet source of revenue: $4.73 billion (In comparison with a internet lack of $117.2 million).
- Running money go with the flow: $3.68 billion (Up from $364.7 million).
- Money stability: $6.69 billion (Up from $809.5 million).
- Internet debt/(money): Internet money of $650.8 million (In comparison with internet debt of $1.73 billion).
Commenting at the efficiency, the corporate’s Managing Director and Leader Govt Officer, David Fowl, stated:
- “Our third-quarter efficiency demonstrates the a success transition from commissioning and ramp-up actions to sustainable industrial operations. Earnings greater to US$22.5 billion from US$9.2 billion within the corresponding length of 2025, whilst EBITDA rose to US$5.5 billion from US$627.6 million, reflecting upper throughput, stepped forward operational reliability and more potent gross refining margins.
He additional said:
- “Those effects replicate the energy of our built-in trade style and supply a cast basis as we growth thru our IPO and execute our Imaginative and prescient 2030 enlargement technique. With our growth programme already underway, we stay desirous about expanding refining capability and broadening our product portfolio. We can proceed to enhance our distribution community throughout Africa and reinforce power safety around the continent, whilst developing long-term price for stakeholders”
Using the numbers
Dangote Refinery’s nine-month efficiency was once pushed via really extensive income enlargement, more potent running margins, and stepped forward money era.
Earnings greater via 144.47% to $22.48 billion, when put next with $9.19 billion within the corresponding length of 2025.
The corporate attributed this enlargement to greater refining job and better throughput, reflecting enhancements in its operational efficiency.
The advance in income was once accompanied via a considerably more potent EBITDA efficiency.
EBITDA rose to $5.52 billion from $627.6 million, representing an build up of 779.69% year-on-year.
Extra importantly, the EBITDA margin expanded to 24.56% from 6.83%, an growth of 17.73 share issues.
This means that the corporate generated considerably upper running profits relative to income, supported via stepped forward refining economics.
The advance in running efficiency additionally translated into sure bottom-line profits, with internet source of revenue attaining $4.73 billion, when put next with a internet lack of $117.2 million within the corresponding length of 2025.
Past profits, the corporate’s money era and monetary place stepped forward significantly.
Running money go with the flow greater to $3.68 billion from $364.7 million, reflecting more potent profits and money era all the way through the reporting length.
In a similar way, money balances rose to $6.69 billion from $809.5 million, indicating a more potent liquidity place.
Stability sheet
The corporate additionally moved from a internet debt place of $1.73 billion in September 2025 to a internet money place of $650.8 million on the finish of September 2026.
This growth signifies that money balances exceeded the debt responsibilities incorporated within the corporate’s reported internet debt calculation, reflecting a more potent monetary place.