Lafarge Reports 101% Profit Growth in Q1

Lafarge Africa Plc reported a 101 per cent increase in profit after tax to ₦98 billion for Q1 2026, driven by improved production, operational efficiency, and cost management.

The company’s net sales grew by 35 per cent year-on-year to ₦334.9 billion, reflecting sustained volume growth, enhanced plant stability, and improved distribution efficiency. Operating profit climbed by 97 per cent to ₦141 billion, with margins expanding to 42 per cent from 29 per cent in the corresponding period of 2025.

Profit before tax increased by 104 per cent to ₦149.1 billion, underscoring the company’s ability to translate revenue growth into stronger bottom-line performance amid ongoing cost optimisation efforts.

Commenting on the results, the Chief Executive Officer, Lolu Alade-Akinyemi, said the performance reflects continued execution of the company’s strategic priorities, supported by supply reliability, improved route-to-market strategies, and prudent financial management.

He said the company will continue to use its technical and industrial expertise to drive further efficiency gains while maintaining disciplined capital deployment and cost control.

On operations, Lafarge Africa said expansion projects at its Sagamu and Ashaka plants are progressing and are expected to be completed by the first quarter of 2027, positioning the company to meet rising demand.

Looking ahead, the firm expressed optimism about growth prospects, citing easing macroeconomic pressures and sustained demand in Nigeria’s infrastructure and construction sectors. It added that it will continue to focus on volume growth opportunities while safeguarding margins through cost efficiency initiatives and advancing its sustainability-driven strategy.