One of the leading cement makers in Nigeria, Lafarge Africa Plc, impressed investors with an outstanding performance in the first nine months of 2025.
The financial results of the cement manufacturers filed to the Nigerian Exchange (NGX) Limited indicated that the company grew its net sales in the period under review by 63 per cent to N780.5 billion from the N479.5 billion achieved in the same period of 2024, driven by uptick in volumes and improved plant reliability.
The decision of Lafarge Africa to launch Nigeria’s first low-carbon readymix concrete known as ECOCrete in the third quarter of the year was a gamechanger.
The latest building solution from the firm provides sustainable building solutions in Nigeria. It was formulated to deliver a minimum of 20 per cent reduction in carbon emissions while maintaining uncompromising strength, quality, and performance
The ECOCrete launch followed from the Q2 launch of ECOPlanet in the Western market, accounting for over 50 per cent of total cement sales in the West in Q3 of 2025.
In the period under consideration, Lafarge Africa grew its operating profit by 129 per cent to N298.4 billion from N130.1 billion as a result of strong topline growth and sustained operational efficiency gains.
With volume growth and operational efficiency gains, the cement miller improved its post-tax profit by 246 per cent to N207.8 billion from N60.1 billion in the same period of last year, as the earnings per share (EPS) jumped by 246 per cent to N12.90 from N3.73.
“Building on the performance from previous quarters, Q3 results showcase our cost discipline, strategic market positioning, unwavering commitment to value creation, and strong operational efficiency – demonstrated by a +7 per cent YoY improvement in capacity utilization.
“We ended Q3 with net sales up 43 per cent, operating profit up 107 per cent, and profit after tax of N75 billion.
“We closed 9M 2025 with net sales and operating profit up 63 per cent and 129 per cent, respectively. Our 9M 2025 performance reaffirms our resilience, underpinned by sustained volume growth, operational excellence, innovative product offerings, and agile response to market opportunities,” the chief executive of Lafarge Africa, Mr Lolu Alade-Akinyemi, stated.
“As we look forward, we remain attentive to the dynamic macroeconomic environment, and we are confident that our resilience and strategic focus position us to seize emerging opportunities, drive sustainable growth, and deliver lasting value,” he added.