Lafarge Africa Plc has reported a robust 80% year-on-year increase in revenue, reaching N248.35 billion in the first quarter (Q1) of the 2025 financial year, up from N137.77 billion in the corresponding period in 2024.
The building materials giant also posted significant gains in profitability, with operating profit rising by 137% to N71.66 billion, compared to N30.24 billion in Q1 2024. Profit After Tax (PAT) surged by a staggering 837%, climbing from N5.19 billion to N48.64 billion.
Chief Executive Officer, Lolu Alade-Akinyemi, attributed the impressive results to innovation, operational excellence, and strategic cost management. “This is further evidence of our strong market positioning and dedication to value creation,” he said.
Alade-Akinyemi also highlighted the launch of Ground Calcium Carbonate (GCC) and the forthcoming Elephant ECOPlanet product, aimed at reducing the company’s carbon footprint. He reaffirmed Lafarge’s commitment to sustainability through the use of Calcined Clay, a low-carbon raw material, in its cement production.
Despite macroeconomic challenges, Lafarge Africa reiterated its focus on innovation, green growth, and delivering long-term stakeholder value.
