Lafarge Africa records 80% revenue growth in Q1

Mariam Abeeb

Lafarge Africa Plc, leading manufacturer of a range of cement brands, has recorded a revenue of N248.35 billion for the first quarter of 2025.

The Chief Executive Officer, Lafarge Africa, Mr Lolu Alade-Akinyemi, made this known in a statement.

Alade-Akinyemi said the revenue grew by 80 per cent when compared with N137.77 billion posted in the corresponding period of 2024.

Alade-Akinyemi added that the company’s operating profit for the period under review stood at N71.66 billion from N30.24 billion in 2024.

This represents a 137 per cent rise.

He said the profit after tax also witnessed a significant increase of 837 per cent relative to the profit recorded in corresponding period in 2024.

According to him, it rose from N5.19 billion to N48.64 billion.

“The company’s strong performance in the first quarter is 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 said the company’s launch of Ground Calcium Carbonate demonstrated its innovation drive and greener planet ambition.

He said the forthcoming launch of the Elephant ECOPlanet product was 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.

“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 said.