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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Dangote Sugar Refinery's retained earnings for the quarter that ended in Dec. 2025 was ₦-189,781 Mil.
Dangote Sugar Refinery's quarterly retained earnings
declined
from Dec. 2023 (₦66,882 Mil) to Dec. 2024 (₦-125,717 Mil) and
declined
from Dec. 2024 (₦-125,717 Mil) to Dec. 2025 (₦-189,781 Mil).
Dangote Sugar Refinery's annual retained earnings
declined
from Dec. 2023 (₦66,882 Mil) to Dec. 2024 (₦-125,717 Mil) and
declined
from Dec. 2024 (₦-125,717 Mil) to Dec. 2025 (₦-189,781 Mil).
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Dangote Sugar Refinery Retained Earnings Historical Data
* Premium members only.
The historical data trend for Dangote Sugar Refinery's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
What does a Retained Earnings of ₦-189,781 Mil mean?
Dangote Sugar Refinery (NSA:DSRP) has a Retained Earnings of ₦-189,781 Mil as of Dec. 2025. Retained earnings is the amount of net income not issued to shareholders. View historical data on Dangote Sugar Refinery and its competitors.
Is Dangote Sugar Refinery's Retained Earnings too high?
Dangote Sugar Refinery's current Retained Earnings is ₦-189,781 Mil. Overall, Dangote Sugar Refinery has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Dangote Sugar Refinery's Retained Earnings compare to MDLZ and HSY?
Dangote Sugar Refinery's Retained Earnings of ₦-189,781 Mil can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Consumer Packaged Goods company?
A good Retained Earnings depends on the Consumer Packaged Goods industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Dangote Sugar Refinery and its competitors. Dangote Sugar Refinery's current Retained Earnings is ₦-189,781 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dangote Sugar Refinery stock overvalued right now?
Based on GuruFocus' analysis, Dangote Sugar Refinery (NSA:DSRP) is currently considered Fairly Valued. The stock's GF Value™ is ₦80.41, compared to a current price of ₦74.15 — trading 7.8% below its estimated fair value. The current Retained Earnings is ₦-189,781 Mil. Dangote Sugar Refinery's overall GF Score™ is 65/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Dangote Sugar Refinery (NSA:DSRP), the current Retained Earnings is ₦-189,781 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Dangote Sugar Refinery (NSA:DSRP) Overvalued in 2026?
Based on GuruFocus' analysis, Dangote Sugar Refinery stock appears to be undervalued.
The current stock price of ₦74.15 is trading 7.8% below its estimated GF Value™ of ₦80.41.
GuruFocus considers Dangote Sugar Refinery to be Fairly Valued.
Key valuation signals for NSA:DSRP:
Retained Earnings: ₦-189,781 Mil
GF Value™: ₦80.41 vs. price of ₦74.15 (7.8% below fair value)
No single metric tells the full story. See the NSA:DSRP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dangote Sugar Refinery PLC is engaged in refining raw sugar to produce fortified and non-fortified granulated white sugar. The company distributes refined white sugar to consumers and industrial customers in Nigeria. The company is also engaged in the cultivation and milling of sugar cane to finished sugar. Its geographical segments include Northern Nigeria, Western Nigeria, Eastern Nigeria, and Lagos. The company derives a majority of its revenue from the Lagos region.
65GF Score
Get the complete analysis for NSA:DSRP
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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