Lafarge Africa Grows Sales Revenue By 80% To N248.3bn In Q1

Lafarge Africa Plc has recorded sales revenue of N248.35 billion for the first quarter (Q1) of the 2025 financial year.

The Company Q1 ended March 31, 2025, released on the Nigerian Exchange showed that sales revenue represents an increase of 80 per cent from N137.77 billion that was recorded in the corresponding period in 2024.

The unaudited report revealed that the operating profit for the company in the first quarter of the financial year also grew from N30.24 billion in the corresponding period in 2024 to N71.66 billion, representing an impressive 137 per cent rise.

The profit after tax increased by 837 per cent To N48.64 billion from N5.19 billion in 2024, while earnings per share rose by 837 per cent to N3.02 as against 32 kobo in 2024.

The chief executive officer, Lafarge Africa, Lolu Alade-Akinyemi said, the strong performance recorded by the company in the first quarter is as a result of the introduction of new innovative products and operational excellence.

RELATED

Drop In Telecom’s FDI To $80.78m Threatens Nigeria’s Digital Goals

3 hours ago

Shrinking Industrial Base, Dominant Informal Sector Undermine Economic Growth, NESG Warns

3 hours ago

“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,” he said.

Alade-Akinyemi explained that the launch of Ground Calcium Carbonate (GCC) demonstrates the company’s innovation drive and greener planet ambition.
He also disclosed that the forthcoming launch of the Elephant ECOPlanet product is aimed at significantly reducing its carbon footprint in the industry.
“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.

He assured that the company would remain resilient by leveraging innovation and green growth, in line with its sustainability ambitions, while also delivering continuous value to our stakeholders.

He noted that the company remains committed to strengthening its leadership position by offering environmentally friendly building solutions while driving long-term profitability.

He affirmed that the company will continue to maximise volume opportunities across our markets and actively manage our costs while remaining committed to our sustainability ambitions and strategy of ‘Accelerating Green Growth’ through innovative building solutions and delivery of stakeholder value.

Lafarge Africa Plc, a Sub-Saharan Africa building solutions company, is a member of Holcim Limited, a world leader in building solutions. Listed on the Nigerian Exchange, Lafarge Africa Plc is actively participating in the urbanisation and economic growth of Nigeria, the largest economy in Africa.