Lafarge Africa Plc has posted a remarkable 63 percent revenue growth for the first nine months of 2025, with sales hitting N780.48 billion, up from N479.49 billion recorded in the same period of 2024.
The company’s Profit After Tax (PAT) also soared by 246 percent, rising to N207.78 billion from N60.08 billion in the corresponding period of 2024 — a performance the cement maker attributed to higher sales volumes, improved efficiency, and a more stable naira.
According to the company’s financial statement released on Wednesday, cost of sales rose by 34 percent to N324.36 billion, while administrative and selling expenses climbed by 48 percent to N162.03 billion, compared to N109.74 billion last year.
Lafarge Africa’s Chief Executive Officer, Lolu Alade-Akinyemi, said the firm’s Q3 and 9M 2025 results demonstrate its resilience and strategic positioning in Nigeria’s construction and infrastructure market.
“Building on the performance from previous quarters, Q3 results showcase our cost discipline, strategic market positioning, and commitment to value creation,” he said. “We ended Q3 with Net Sales up 43%, Operating Profit up 107%, and a Profit After Tax of N75 billion.”
Alade-Akinyemi noted that the company’s success was driven by operational efficiency, innovative product development, and stable foreign exchange conditions.
He added that Lafarge Africa was leveraging Huaxin Cement Group’s global technical capabilities to strengthen production capacity and market reach.
“Our 9M performance reaffirms our resilience, underpinned by sustained volume growth, operational excellence, and agile market response,” he said.
“Lafarge Africa is positioned to leverage Huaxin’s strength to further improve our supply capacity and operations.”
He highlighted Lafarge’s continued investment in innovation, including the launch of Nigeria’s first low-carbon ready-mix concrete, ECOcrete, and ECOplanet Elephant cement, as part of the firm’s sustainability agenda.
“The last nine months have witnessed the rollout of products designed to reduce carbon footprint, reflecting our alignment with global climate goals,” Alade-Akinyemi added.
The CEO expressed appreciation to shareholders, customers, partners, and employees for their trust and resilience, assuring that the company remains focused on delivering long-term value despite economic challenges.
Looking ahead, Lafarge Africa projects a positive outlook for the last quarter of the year, with the building and construction market expected to maintain its strong growth trajectory.
“The focus remains to seize emerging opportunities, drive sustainable growth, and deliver lasting value to our stakeholders,” Alade-Akinyemi concluded.
Lafarge Africa Plc, a subsidiary of Huaxin Cement Co. Limited, operates cement plants in Ogun, Gombe, and Cross River States, with ready-mix facilities in Lagos, Abuja, and Port Harcourt. The company currently boasts a production capacity of 10.5 million metric tonnes per annum (Mtpa).
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