…Profit after tax soars by 246% to N207.78bn as firm strengthens market position

Lafarge Africa Plc has reported an impressive financial performance for the nine-month period ended September 30, 2025, achieving a 63% growth in sales revenue to N780.48 billion, compared to N479.49 billion in the same period of 2024.

A detailed analysis of the company’s unaudited financial results showed a remarkable 246% rise in Profit After Tax (PAT), from N60.08 billion in 2024 to N207.78 billion in 2025.

The surge in profit was attributed to volume growth, operational efficiency, and relative stability of the Naira.

Similarly, Lafarge’s Cost of Sales rose to N324.36 billion from N241.73 billion, while administrative and selling expenses increased by 48%, moving from N109.74 billion in 2024 to N162.03 billion in the reporting period.

Speaking on the results according to a statement made available to the media, Lolu Alade-Akinyemi, Chief Executive Officer of Lafarge Africa, said the company’s Q3 and 9M 2025 performances underscored its operational excellence, strategic discipline, and adaptability to market realities.

“Building on our previous quarters’ performance, Q3 results showcase our cost discipline, strategic market positioning, and unwavering commitment to value creation, demonstrated by a 7% year-on-year improvement in capacity utilization,” Alade-Akinyemi stated.

“We closed Q3 with Net Sales up 43%, Operating Profit up 107%, and Profit After Tax of N75 billion. For the nine months, Net Sales and Operating Profit rose by 63% and 129% respectively, reaffirming our resilience and alignment with market stability.”

He further attributed the impressive performance to the company’s innovative product offerings, sustained volume growth, and agile response to market opportunities.

He added that Lafarge Africa continues to leverage the technical and operational capabilities of Huaxin Cement Group, its strategic partner.

Alade-Akinyemi also highlighted recent innovations, including the launch of ECOcrete, Nigeria’s first low-carbon ready-mix concrete, and ECOplanet Elephant Cement, two products that reinforce Lafarge’s leadership in sustainable construction materials.

“These innovations are transforming the Nigerian building landscape and positioning us for long-term growth,” he said, appreciating shareholders, customers, and employees for their loyalty and contributions.

Looking ahead, the Lafarge Africa CEO expressed optimism about the outlook for the final quarter of 2025, noting that the construction and building materials market is projected to maintain the strong upward momentum recorded in the first nine months.

“Our focus remains clear, to seize emerging opportunities, drive sustainable growth, and deliver lasting value to all our stakeholders,” Alade-Akinyemi concluded.