Lafarge Africa Plc delivered an impressive nine-month performance, fuelled by booming cement demand.
The company’s profit after tax surged 246% to ₦207.78 billion from ₦60.08 billion last year.
Lafarge Africa Revenue Growth
Revenue jumped 63% to ₦780.49 billion as cement sales soared to ₦759.62 billion.
Meanwhile, aggregates and concrete sales advanced to ₦19.95 billion, and other products generated ₦915 million.
Operational Efficiency Boosts Profit
CEO Lolu Alade-Akinyemi said the strong results reflect Lafarge’s resilience and operational discipline.
He credited volume growth, innovation, and quick decision-making for sustaining the company’s momentum.
Operating profit climbed 129% to ₦298.41 billion as Lafarge boosted efficiency and expanded production.
Profit before tax rose to ₦313.29 billion, while earnings per share increased to 1,290 kobo.
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Strong Cash Position And Investments
Despite inflation and volatile energy prices, Lafarge kept costs firmly under control.
Cost of sales rose only 34% to ₦324.36 billion, well below the revenue growth rate.
Administrative expenses grew due to higher staff and technical service costs, while distribution expenses also climbed.
Furthermore, Lafarge slashed finance costs to ₦5.40 billion after repaying loans and reducing forex losses.
It also lifted finance income to ₦20.28 billion by earning more from deposits and exchange gains.
The company expanded total assets to ₦1.03 trillion and equity to ₦629.2 billion through retained earnings.
By September 2025, Lafarge held ₦204.88 billion in cash and doubled net cash from operations to ₦91.48 billion, strengthening its position for continued growth.
