Lafarge Africa Plc has reported sales revenue of N780.48 billion for the nine months of 2025, reflecting a 63 per cent increase compared to N479.49 billion in the same period of 2024.
A detailed analysis of the financial results of the building solutions company and manufacturer of a range of cement brands shows that Profit After Tax for the nine months surged to N207.78 billion, a 246 per cent rise from N60.08 billion in 2024. This growth was driven by increased sales volume, enhanced operational efficiencies, and the stabilisation of the Naira.
However, Cost of Sales increased from N241.73 billion in 2024 to N324.36 billion in 2025, while Administration and Selling Expenses saw a notable 48 per cent rise, reaching N162.03 billion in 2025 from N109.74 billion in 2024.
Lolu Alade-Akinyemi, CEO of Lafarge Africa, commented, “Building on the momentum from previous quarters, our Q3 results highlight our disciplined cost management, strategic market positioning, and unwavering commitment to value creation, underpinned by a 7 percent year-on-year improvement in capacity utilization. We concluded Q3 with Net Sales up 43 percent, Operating Profit up 107 percent, and Profit After Tax of N75 billion. For the nine month, Net Sales and Operating Profit grew by 63 percent and 129 percent, respectively.”
He added, “Our nine month 2025 performance underscores our resilience, driven by sustained volume growth, operational excellence, innovative product offerings, and an agile response to market opportunities. This success is further supported by a more stable Naira, consistent operations, and ongoing efficiencies across our business. Leveraging the technical and operational expertise of Huaxin Cement Group, a global cement leader with over 100 years of industry legacy, Lafarge Africa is well-positioned to enhance our supply capacity, technical skills, and operational performance.”
Alade-Akinyemi highlighted that innovative product offerings and efficiency gains were key drivers of the company’s strong Q3 performance. Over the past nine months, Lafarge Africa launched Nigeria’s first low-carbon ready-mix concrete, ECOcrete, and ECOplanet Elephant cement in the Western Market, building on the success of their 2024 launch in the Eastern Market.
Expressing gratitude, the CEO stated, “We deeply appreciate the continued confidence and support of our shareholders, customers, and partners. We also commend our dedicated and resilient employees for their significant contributions to our growth over the past nine months. Despite a challenging macroeconomic environment, we remain committed to delivering long-term value.”
Looking ahead to the final quarter of 2025, Alade-Akinyemi expressed optimism, noting that the buildings market is expected to experience significant growth, consistent with the strong upward trend observed in the first nine months. He concluded, “Our focus remains on seizing emerging opportunities, driving sustainable growth, and delivering lasting value to our stakeholders.”
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