Dangote Petroleum Refinery Reports $4.73 Billion Net Profit in First Nine Months of 2026

Dangote Petroleum Refinery and Petrochemicals reported a $4.73 billion net profit for the first nine months of 2026, marking a shift from a loss to profitability. Revenue increased 144 per cent to $22.5 billion, while EBITDA surged nearly ninefold to $5.5 billion from $627.6 million. Cash balances rose to $6.69 billion, reducing net debt from $1.73 billion in September 2025 to a net cash position.

The refinery’s EBITDA grew from $2.60 billion to $5.52 billion, with net profit rising from $1.82 billion to $4.73 billion. Aliko Dangote stated the results confirmed the strength of the refinery’s integrated business model, reflecting robust performance in the period.