Q1: Lafarge Africa Records 80% Revenue Growth to N248.35bn

Kayode Tokede

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

The leading innovative and sustainable building solutions company and manufacturer of a range of cement brands, said its sales revenue represents an increase of 80per cent from N137.77billion that was recorded in the corresponding period in 2024.

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

The Profit After Tax (PAT) for the company also witnessed a significant increase of 837per cent relative to the profit recorded in corresponding period in 2024 as it rose from N5.19 billion to N48.64 billion.

According to the Chief Executive Officer, Lafarge Africa, Lolu Alade-Akinyemi, the company’s strong performance recorded in the first quarter was s as a result of the introduction of new innovative products and operational excellence.

“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.

While expressing profound appreciation to customers, and stakeholders, for their continued support despite the macroeconomic headwinds being experienced in the industry, he noted that the company remains committed to strengthening its leadership position by offering environmentally friendly building solutions while driving long-term profitability.