{
  "id": 14257521,
  "title": "Dangote Refinery’s Ebitda hits $5.5 billion as 9-month profit surges to $4.73 billion",
  "url": "https://urgent.news/2026/10/13/dangote-refinerys-ebitda-hits-5-5-billion-as-9-month-profit-surges-to",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-13T15:31:17.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/10/13/dangote-refinerys-ebitda-hits-5-5-billion-as-9-month-profit-surges-to-4-73-billion/"
  },
  "original_language": "en",
  "account": "Dangote Petroleum Refinery and Petrochemicals FZE announced its financial results for the nine months ending September 30, 2026. The company reported a remarkable net profit of $4.73 billion, marking a significant turnaround from a net loss of $117.2 million in the same period last year. Revenue saw a substantial increase of 144.47% year-on-year, reaching $22.48 billion. This growth was driven by higher refining throughput and better operational performance. The unaudited results, released on October 13, 2026, also highlighted a significant improvement in operating profitability, with EBITDA reaching $5.52 billion, an impressive increase from $627.6 million in the comparable period of 2025. This represents a 779.69% year-on-year rise. The company's CEO, David Bird, attributed this success to the company's strong revenue growth, enhanced operating margins, and improved cash generation. Revenue surged to $22.48 billion, up from $9.19 billion, driven by increased refining activity and higher throughput. The EBITDA margin expanded to 24.56% from 6.83%, a 17.73 percentage point improvement, indicating higher operating earnings relative to revenue. This, in turn, led to a net income of $4.73 billion, a sharp contrast to the $117.2 million net loss in the previous year. Besides earnings, the company's cash generation and financial position improved significantly. Operating cash flow increased to $3.68 billion, from just $364.7 million, reflecting stronger earnings and cash generation. Cash balances also rose to $6.69 billion from $809.5 million, indicating a stronger liquidity position. The company's net debt moved from $1.73 billion to a net cash position of $650.8 million, showing that cash balances exceeded debt obligations, thus reflecting a stronger financial position.",
  "summary": "Dangote Petroleum Refinery and Petrochemicals FZE has released its financial results for the nine months ended September 30, 2026, reporting a net profit of $4.73 billion, compared with a net loss of $117.2 million recorded in the corresponding period of 2025. The post Dangote Refinery’s Ebitda hits $5.5 billion as 9-month profit surges to $4.73 billion appeared first on Nairametrics .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "BusinessDay Nigeria",
        "title": "Dangote Refinery posts N6.29trn nine months profit on full-capacity run",
        "url": "https://urgent.news/2026/10/13/dangote-refinery-posts-n6-29trn-nine-months-profit-on-full-capacity",
        "published": "2026-10-13T13:51:57.000Z"
      },
      {
        "outlet": "Nairametrics",
        "title": "Dangote Refinery’s 9-month profit hits $4.73 billion as revenue surges 144.47%",
        "url": "https://urgent.news/2026/10/13/dangote-refinerys-9-month-profit-hits-4-73-billion-as-revenue-surges",
        "published": "2026-10-13T15:31:17.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}