Innovative Push Drives Revenue Growth By 63%, Lafarge Africa Says

Lafarge Africa Plc has reported a 63 per cent revenue growth for the first nine months ended September 30, 2025.

The Company’s results released on the Nigerian Exchange showed that revenue grew to N780.48 billion for the first nine months of 2025, representing a 63 per cent increase from N479.49 billion recorded in the corresponding period of 2024.

A detailed review of the results shows a 246 per cent surge in profit after tax, rising from N60.08 billion in 2024 to N207.78 billion in 2025. This strong performance reflects higher sales volumes, improved operational efficiency, and enhanced currency stability.

The cost of sales increased from N241.73 billion to N324.36 billion, while administrative and selling expenses rose by 48 per cent, from N109.74 billion to N162.03 billion, largely due to business expansion and inflationary pressures.

Speaking on the results, the chief executive officer of Lafarge Africa, Lolu Alade-Akinyemi, stated, “Building on the momentum from previous quarters, our Q3 results highlight our cost discipline, strategic market positioning, and operational excellence. We delivered a 43 per cent increase in net sales, a 107 per cent rise in operating profit, and a profit after tax of N75 billion for the quarter.”

He added that, “for the nine months, net sales and operating profit grew by 63 per cent and 129 per cent, respectively. These results reaffirm Lafarge Africa’s resilience, supported by sustained volume growth, efficiency gains, innovative products, and a relatively stable operating environment.”

Alade-Akinyemi further highlighted the company’s strengthened partnership with Huaxin Cement Group, noting that “our collaboration with Huaxin Cement Group enables us to deepen technical expertise, enhance operational efficiency, and strengthen supply reliability. Huaxin’s 115-year global legacy in cement manufacturing is a major strategic advantage for Lafarge Africa.”

He appreciated shareholders, customers, partners, and employees for their continued confidence and commitment, emphasising that their collective support has been instrumental to the company’s sustained growth.

Looking ahead, the CEO reaffirmed Lafarge Africa’s positive outlook, with the building materials segment expected to maintain strong growth momentum through year-end.

He confirmed Lafarge Africa’s unwavering commitment to sustainability and will further deepen the company’s footprint in the use of Alternative fuel, Ecocrete and Ecopanet solutions to accelerate green growth in the Nigerian cement industry.

“Our focus remains on seizing emerging opportunities, driving sustainable growth, and delivering longterm value to all stakeholders,” he stated.