Lafarge Africa Plc has announced a 246 percent increase in profit after tax, reaching N207.78 billion for the nine months ending September 30, 2025, compared to N60.08 billion in the same period last year. The surge was driven by strong cement sales and improved operational efficiency.
The company’s unaudited financial results show revenue rose by 63 percent to N780.49 billion from N479.49 billion in 2024. Cement accounted for N759.62 billion of total sales, a 63 percent rise from N466.27 billion the previous year. Sales of aggregates and concrete grew to N19.95 billion, while other products contributed N915.24 million.
Lafarge Africa’s CEO, Lolu Alade-Akinyemi, attributed the strong performance to “sustained volume growth, operational excellence, innovative products, and agile response to market opportunities.” Operating profit rose by 129 percent to N298.41 billion, while profit before tax increased to N313.29 billion from N94.33 billion.
Despite inflation and rising energy costs, Lafarge managed to keep expenses under control. Cost of sales rose by only 34 percent to N324.36 billion, far below revenue growth. Finance costs dropped sharply to N5.40 billion from N36.56 billion due to reduced borrowings and lower foreign exchange losses, while finance income climbed to N20.28 billion from N810.54 million.
Total assets increased to N1.03 trillion from N810 billion in 2024, supported by higher investments in plants and stronger cash reserves. Equity grew to N629.2 billion from N345 billion, reflecting strong retained earnings despite a dividend payout earlier in the year.
Lafarge ended the period with N204.88 billion in cash and cash equivalents and generated N91.48 billion from operating activities, nearly double the figure recorded last year, highlighting the company’s solid financial position and sustainable growth outlook
