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Lafarge Africa Generates N269bn Revenue in Q1 2025 as Profit Hits N84bn

Lafarge Africa

In the second quarter of 2025, Lafarge Africa Plc generated revenue of N269.63 billion, which is 70 per cent higher than the N157.80 billion recorded in the corresponding period in 2024.

This was made possible by an increase in the demand for the products of the leading innovative and sustainable building solutions company and producer of a range of cement brands.

According to the chief executive of the cement maker, Mr Lolu Alade-Akinyemi, Lafarge Africa has continued to delight consumers with innovative product offerings, strategic operation and distribution efficiency.

In its financial statements submitted to the Nigerian Exchange (NGX) Limited, the firm said in the period under review, it improved its operating profit by 153 per cent to N120.61 billion from N47.70 billion in the second quarter of 2024 as a result of topline growth and operational efficiency of the company.

Also, ...-tax profit rose by 248 per cent to N84.03 billion from N24.16 billion in the same period of last year, driven by strong operational performance, relative stability of the Naira with no significant foreign exchange (FX) losses.

“Following our impressive Q1 results, Q2 performance showcases the strength of our team, market positioning, operational efficiency, cost management, and dedication to value creation.

“We achieved excellent financial results in Q2, with Net Sales growth of 70 per cent, Operating Profit up 153 per cent, and Profit After Tax growth of 248 per cent.

“This strong performance closes H1 with a sales and operating profit growth of 75 per cent and 144 per cent, respectively.

“This performance is driven by our innovative product offerings and strategic operational Initiatives,” Mr Alade-Akinyemi said.

He noted that the company remains mindful of the ever-evolving macroeconomic conditions, and is confident to continue to deliver value by focusing on its strategic priorities, while leveraging innovation and green growth, in line with its sustainability ambitions.

“I am deeply grateful to our exceptional team, valued customers, and loyal stakeholders for their unwavering contributions and support of Lafarge Africa. Despite the challenging macroeconomic environment, your commitment continues to inspire us and strengthen our confidence in the future,” he added.

He disclosed that despite challenges posed by macroeconomic activities on purchasing power, the building industry is projected to sustain its growth trajectory with the company reaping the benefits.

Commenting on projections for the second half of the year, he expressed optimism of a positive outlook, anticipating that the market will maintain a growth rate consistent with the trend from the first half of the year.

“We will continue to capitalise on volume opportunities across our markets while diligently managing our costs. Our commitment to sustainability remains steadfast, as we pursue our strategy of Accelerating Green Growth through innovative building solutions that enhance stakeholder value,” he said.