By Lafarge Africa Plc has announced a major boost in its financial performance for the first quarter of 2025, recording a sales revenue of N248.35 billion. This marks an 80 percent increase compared to N137.77 billion posted during the same period in 2024.
According to the company’s unaudited results filed with the Nigerian Exchange, Lafarge also saw a major leap in operating profit, rising from N30.24 billion in Q1 2024 to N71.66 billion, a growth of 137 percent. Profit after tax surged by an impressive 837 percent to N48.64 billion from last year’s N5.19 billion.
Earnings per share also mirrored the jump, climbing by 837 percent to N3.02, compared to just 32 kobo in the first quarter of 2024. The company’s CEO, Lolu Alade-Akinyemi, attributed the stellar performance to new product innovations and better operational strategies.
“We achieved solid financial results in Q1, a strong performance driven by our innovative product offerings and strategic operational Initiatives. This is further evidence of our strong market positioning, operational efficiency, cost management, and dedication to value creation,” Alade-Akinyemi said.
He pointed to the launch of Ground Calcium Carbonate (GCC) and the upcoming Elephant ECOPlanet product as clear signs of Lafarge’s commitment to innovation and environmental sustainability. “Lafarge Africa continues to drive the usage of Calcined Clay, a low carbon raw material, in its cement manufacturing process, to further drive reduction of our CO2 emission and carbon footprint,” he added.
Looking ahead, Alade-Akinyemi assured stakeholders that Lafarge Africa would continue focusing on green growth, innovation, and delivering sustainable value. Lafarge Africa remains a major player in Nigeria’s building sector and is part of Holcim Limited, a global leader in construction solutions.
