Lafarge reports 233.9% surge in Q2 profit as half-year earnings hit N199.7 billion, on booming cement sales 

Lafarge Africa Plc has reported a pre-tax profit of N126.6 billion in the second quarter of 2025, marking a sharp 233.9% increase from the N37.9 billion posted in the same period last year.

This strong Q2 showing brings the company’s half-year profit to N199.7 billion, a substantial leap from N46.6 billion recorded in the first half of 2024.

Revenue for the quarter surged to N268.6 billion, representing a 70.2% year-on-year growth, and driving H1 2025 revenue to N516.9 billion, up 74.9% from the previous year.

On the cost side, production expenses rose to N95.8 billion in Q2 2025, up from N75.8 billion in the same period last year.

Even with a 45.8% increase in selling and distribution costs and a 109.8% spike in administrative expenses, operating profit jumped to N120.6 billion, significantly higher than the N47.7 billion recorded in Q2 2024.

Finance income also saw a healthy boost, rising 212.4% to N7.3 billion.

On the balance sheet, total assets climbed to N1.02 trillion, up from N990.5 billion in the same period last year.

Meanwhile, retained earnings rose 15.5% to N364.4 billion, reflecting the company’s improved profitability and strong earnings retention.

As of market close on July 21, 2025, shares of the company were priced at N116 per share, with a year-to-date performance of 66.3%.