Dangote Petroleum Refinery and Petrochemicals generated $22.5bn in revenue and $4.7bn in net profit during the first nine months of 2026, marking a significant turnaround from the $117.2m loss recorded in the same period last year.
The company announced the results in a statement made available to Journalists on Tuesday, covering the nine months ended September 30, 2026.
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Revenue rose by 144 per cent from $9.2bn reported between January and September 2025, while earnings before interest, taxes, depreciation and amortisation increased almost ninefold to $5.5bn.
The refinery attributed the improved financial performance to increased refining throughput, greater operational reliability and stronger refining margins, underscoring its growing profitability as a major industrial enterprise.