Lafarge Africa Plc has posted an impressive profit after tax of N84.03 billion for the second quarter of 2025, marking a staggering 248% increase compared to the same period in 2024. The surge, according to the company, reflects its resilient operational model, innovative strategies, and the relative stability of the naira.
The cement giant’s sales revenue climbed to N268.63 billion, up by 70% from N157.80 billion recorded in Q2 2024. Its operating profit also soared by 153%, reaching N120.61 billion, signalling robust topline and bottom-line performance amid ongoing macroeconomic headwinds.
Chief Executive Officer, Lolu Alade-Akinyemi, credited the exceptional earnings to “innovative product offerings, strategic operations, and distribution efficiency,” which have collectively positioned the firm for long-term success.
He noted that the company is keen to sustain its upward trajectory, stating: “We have plans to capitalise on volume opportunities across our markets while diligently managing costs.”
With eyes on the future, Alade-Akinyemi reaffirmed Lafarge Africa’s commitment to sustainability, emphasising its strategic focus on environmental responsibility. “The company remains committed to sustainability, pursuing its ‘Accelerating Green Growth’ strategy through innovative building solutions,” he said.
Despite prevailing economic challenges, the CEO remained bullish about the company’s outlook. “Lafarge Africa is confident in its ability to deliver value to stakeholders,” he asserted, adding that the firm’s long-term fundamentals and market approach remain solid.
The Q2 results reinforce Lafarge Africa’s strategic positioning in Nigeria’s building and construction sector, with analysts expecting the company’s performance to further consolidate in the second half of the year.
