By Jemimah Wellington, JKNewsMedia Correspondent
SALES TO the Nigerian Bottling Company (NBC) accounted for over N63billion in revenue for Dangote Sugar Plc during the second quarter of 2025, representing 31.74% of the company’s earnings for the period.
A statement says total Q2 revenue reached N216.2billion, marking a year-on-year increase of 25.09% from N172.8 billion.
Also, the bulk of the revenue was driven by large-scale distribution, which contributed 65% of the group’s total earnings.
Only sugar sales to NBC were recorded under the Lagos region, the company’s top-performing market.
Revenue was also noted to have generated through the supply of unfortified sugar to the food, beverage, and pharmaceutical sectors, while fortified sugar was targeted at small-scale wholesalers, confectioneries, and micro-enterprises.
Retail products packaged in 250g, 500g, and 1kg units are reportedly sold through various outlets nationwide.
Also, first half performance showed continued momentum, with revenue rising to N430.2 billion, up 45.53% from the same period last year.
Of this, reports show N416.8 billion came from sales of the company’s 50kg sugar bags, while retail sales rose to N10 billion from N8.6 billion.
Meanwhile, Molasses contributed N3.2 billion, and freight income added N39.8 million, according to the statement.
Furthermore, Lagos-led regional sales with revenue growing to N228.1billion from N180.1billion, while northern Nigeria recorded the fastest growth, with revenue nearly doubling to N163.4billion.
Also, sales in other western states rose to N28.5 billion, while the eastern region contributed N10 billion, up from N9 billion.
Alongside strong revenue, the group notes that they recorded significant cost improvements.
Finance costs in Q2 dropped to N35.1billion, compared to N111.6billion in the same quarter last year, they noted.
This reduction, it was also stressed, was largely driven by a cut in exchange losses, which fell to N160.2billion from N193.6 billion, and a decline in letter of credit expenses from N32.1billion to N21.9billion.
For the first half of the year, total finance costs dropped to N64.9billion from N234.1billion in 2024, which comes after factoring in N457.4million in finance income, net finance costs for Q2 stood at N34.6billion, down from N109.3billion.
Following several quarters of losses, the company said it returned to profitability, posting a pre-tax profit of N523.8 million in the second quarter of 2025.
