Lafarge Africa Plc has reported significant growth in its financial performance for the first quarter ended March 31, 2025, with sales revenue rising by 80 per cent to N248.35 billion compared to N137.77 billion recorded in the corresponding period of 2024.
According to the company’s audited results filed on the Nigerian Exchange Limited (NGX), operating profit also rose by 137 per cent to N71.66 billion, from N30.24 billion posted in the same period last year. Profit After Tax (PAT) grew significantly by 837 per cent, reaching N48.64 billion, compared to N5.19 billion reported in the first quarter of 2024.
Chief Executive Officer of Lafarge Africa, Lolu Alade-Akinyemi, attributed the growth to the introduction of new products, improved operational processes, and stronger cost controls. He said, “We achieved solid financial results in Q1, driven by our innovative product offerings and operational initiatives. This performance reflects our focus on operational efficiency, cost management, and delivering value to our stakeholders.”
Alade-Akinyemi explained that the company’s introduction of Ground Calcium Carbonate (GCC) was part of its product diversification strategy. He said the new product launch aligns with Lafarge Africa’s broader efforts to meet changing market demands and support sustainable construction practices. In addition, he announced that Lafarge Africa is preparing to launch its Elephant ECOPlanet product, which is designed to contribute to the reduction of carbon emissions within the building materials industry.
Alade-Akinyemi stated that the company was increasing its use of Calcined Clay as a raw material in cement production. According to him, the move is expected to lower carbon emissions and align Lafarge’s operations with its long-term sustainability goals.
He noted that despite ongoing challenges in the macroeconomic environment, Lafarge Africa would remain focused on improving its market share, managing costs effectively, and driving innovation across its product lines.
Furthermore, he stated that the company’s strategy remains anchored on operational discipline, volume growth across its markets, and the pursuit of its green growth agenda, in line with global sustainability targets.
He expressed gratitude to customers, business partners, shareholders, and employees for their continued support assuring that the company would continue to strengthen its leadership position in the Nigerian construction and building materials market through environmentally friendly products and sustainable business practices.
The company’s first quarter results, he said, show its ability to adapt to market realities, deliver shareholder value, and support Nigeria’s drive towards more sustainable infrastructure development. He emphasized that Lafarge Africa would maintain its focus on enhancing production efficiency, expanding product offerings, and achieving long-term profitability.