Lafarge Africa Triples Q2 Profit to ₦126.6bn as Cement Sales Drive ₦516.9bn Half-Year Revenue

Oluwafisayo Olaoye
2 Min Read

Cement giant Lafarge Africa Plc has posted a pre-tax profit of ₦126.6 billion for the second quarter of 2025, marking a 233.9% jump from the ₦37.9 billion recorded in Q2 2024.

The company’s half-year profit soared to ₦199.7 billion, more than quadrupling the ₦46.6 billion posted in the first half of the previous year. This stellar performance was underpinned by strong demand for cement and significant growth across its revenue streams.

Q2 revenue rose 70.2% year-on-year to reach ₦268.6 billion, while total revenue for the first six months of the year climbed to ₦516.9 billion, reflecting a 74.9% increase over the same period in 2024.

Cement remained the company’s main driver, generating ₦261.6 billion in Q2 sales alone. Other segments—aggregates and concrete—brought in ₦6.6 billion, while other product lines contributed ₦296.8 million.

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Despite a rise in production costs to ₦95.8 billion, from ₦75.8 billion in Q2 2024, gross profit doubled to ₦172.7 billion, compared to ₦81.9 billion a year ago.

Operational performance remained solid despite a 45.8% increase in selling and distribution costs and a 109.8% rise in administrative expenses. Operating profit surged to ₦120.6 billion, up from ₦47.7 billion in Q2 of the previous year.

The company also recorded a 212.4% growth in finance income, reaching ₦7.3 billion, largely driven by interest earnings from short-term deposits and foreign exchange gains.

On the balance sheet, total assets rose to ₦1.02 trillion, while retained earnings climbed 15.5% to ₦364.4 billion, signaling strong profitability and earnings retention.

Lafarge Africa’s robust performance in the first half of 2025 highlights the continued boom in Nigeria’s construction sector and reinforces investor confidence in the firm’s operational and strategic execution.

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