Dangote Petroleum Refinery and Petrochemicals FZE has launched its monetary outcomes for the 9 months ended September 30, 2026, reporting a internet profit of $4.73 billion, in contrast with a internet lack of $117.2 million recorded within the corresponding interval of 2025.
Revenue elevated by 144.47% year-on-year to $22.48 billion, supported by increased refining throughput and improved operational efficiency.
The unaudited outcomes, launched on October 13, 2026, additionally confirmed a major enchancment in working profitability, with EBITDA rising to $5.52 billion from $627.6 million within the corresponding interval of 2025.
The firm additional strengthened its monetary place, transferring from internet debt of $1.73 billion to a internet money place of $650.8 million.
Key Highlights
- Revenue: $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).
- Net earnings: $4.73 billion (Compared with a internet lack of $117.2 million).
- Operating money movement: $3.68 billion (Up from $364.7 million).
- Cash steadiness: $6.69 billion (Up from $809.5 million).
- Net debt/(money): Net money of $650.8 million (Compared with internet debt of $1.73 billion).
Commenting on the efficiency, the corporate’s Managing Director and Chief Executive Officer, David Bird, stated:
- “Our third-quarter efficiency demonstrates the profitable transition from commissioning and ramp-up actions to sustainable business operations. Revenue elevated to US$22.5 billion from US$9.2 billion within the corresponding interval of 2025, whereas EBITDA rose to US$5.5 billion from US$627.6 million, reflecting increased throughput, improved operational reliability and stronger gross refining margins.
He additional acknowledged:
- “These results reflect the strength of our integrated business model and provide a solid foundation as we progress through our IPO and execute our Vision 2030 growth strategy. With our expansion programme already underway, we remain focused on increasing refining capacity and broadening our product portfolio. We will continue to strengthen our distribution network across Africa and support energy security across the continent, while creating long-term value for stakeholders”
Driving the numbers
Dangote Refinery’s nine-month efficiency was pushed by substantial income development, stronger working margins, and improved money era.
Revenue elevated by 144.47% to $22.48 billion, in contrast with $9.19 billion within the corresponding interval of 2025.
The firm attributed this development to elevated refining exercise and better throughput, reflecting enhancements in its operational efficiency.
The enchancment in income was accompanied by a considerably stronger EBITDA efficiency.
EBITDA rose to $5.52 billion from $627.6 million, representing a rise of 779.69% year-on-year.
More importantly, the EBITDA margin expanded to 24.56% from 6.83%, an enchancment of 17.73 share factors.
This signifies that the corporate generated considerably increased working earnings relative to income, supported by improved refining economics.
The enchancment in working efficiency additionally translated into constructive bottom-line earnings, with internet earnings reaching $4.73 billion, in contrast with a internet lack of $117.2 million within the corresponding interval of 2025.
Beyond earnings, the corporate’s money era and monetary place improved significantly.
Operating money movement elevated to $3.68 billion from $364.7 million, reflecting stronger earnings and money era in the course of the reporting interval.
Similarly, money balances rose to $6.69 billion from $809.5 million, indicating a stronger liquidity place.
Balance sheet
The firm 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 enchancment signifies that money balances exceeded the debt obligations included within the firm’s reported internet debt calculation, reflecting a stronger monetary place.
