Lafarge Africa Plc has crossed a historic financial threshold, reporting ₦1.1 trillion in revenue for the 2025 financial year, marking a 53 percent increase from ₦696.8 billion recorded in 2024. The cement giant also delivered a sharp rise in profitability, with Profit Before Tax climbing to ₦411 billion and Profit After Tax surging 173 percent to ₦273 billion.
The company’s operating profit more than doubled, rising from ₦193 billion in 2024 to ₦392 billion in 2025, reflecting robust top-line growth and disciplined cost management. Earnings per share also recorded significant growth, increasing from ₦6.22 to ₦17, underscoring improved shareholder returns.
Management attributed the performance to strong volume growth, enhanced plant stability, distribution efficiency improvements, retail expansion, and rigorous financial discipline. The results highlight the impact of Lafarge Africa’s four-point strategy focused on operational excellence, cost optimisation, innovation, and value creation.
Chief Executive Officer, Lolu Alade-Akinyemi, described the 2025 financial year as a landmark period for the company. According to him, surpassing the ₦1 trillion net sales mark represents a historic milestone that signals a new growth phase for the cement producer.
He noted that the 103 percent increase in operating profit demonstrates the effectiveness of plant reliability improvements and execution discipline across the company’s operations. The 173 percent growth in Profit After Tax, he added, was driven by sustained efficiency gains and strategic capital allocation.
Looking ahead, the CEO expressed optimism about 2026, particularly with anticipated collaboration and industrial support from Huaxin. He emphasised that the company remains committed to maintaining a prudent and agile capital management framework while positioning itself to capture emerging market opportunities.
Expansion projects are central to Lafarge Africa’s growth outlook. The company recently announced plans to expand its Ashaka cement plant in Gombe State and its Sagamu plant in Ogun State. Upon completion, the Ashaka plant will reach a production capacity of 2 million metric tonnes per annum (2MTpa), while the Sagamu facility will scale up to 3.5MTpa. These upgrades will increase Lafarge Africa’s total installed production capacity to 14 million metric tonnes per annum (14MMTpa).
The expansion aligns with the company’s strategy to improve capacity utilisation, meet rising domestic cement demand, and strengthen its competitive position in Nigeria’s construction and infrastructure market.
Industry analysts note that Nigeria’s cement sector has continued to demonstrate resilience despite macroeconomic headwinds, including inflationary pressures and currency volatility. Lafarge Africa’s strong earnings performance suggests effective cost pass-through mechanisms, operational scale advantages, and a stable demand environment driven by infrastructure and housing projects.
Sustainability remains a core pillar of the company’s long-term growth model. Management reiterated its commitment to embedding environmental, social, and governance principles across operations, while prioritising industry-leading health and safety standards.
Alade-Akinyemi thanked employees, customers, investors, and other stakeholders for their continued support, stating that their partnership reinforces the company’s objective of delivering consistent and resilient value creation.
With stronger earnings, expanded capacity, and disciplined capital deployment, Lafarge Africa appears well-positioned to consolidate its leadership in Nigeria’s cement market while pursuing sustainable growth in 2026.
