Lafarge Africa profit growth hits 246% in Q3 2025 as higher sales, efficiency, and currency stability boost performance

Lafarge Africa profit growth surged by an impressive 246 per cent in the third quarter of 2025, underscoring the company’s strong momentum across key performance indicators.

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According to its unaudited financial statements for the nine-month period ended 30 September 2025, the cement maker recorded a net profit of ₦207.78 billion, compared with ₦60.08 billion in the corresponding period of 2024.

Total revenue grew by 63 per cent, from ₦479.49 billion to ₦780.48 billion, while cost of sales rose from ₦241.73 billion to ₦324.36 billion.

Administrative and selling expenses increased by 48 per cent, reaching ₦162.03 billion.

Chief Executive Officer Lolu Alade-Akinyemi said the results reflected higher sales volumes, improved operational efficiency, and enhanced currency stability.

“For the nine-month period, 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,” he said.

The company reported a 43 per cent rise in sales and a 107 per cent increase in operating profit within the three months ended September 2025, alongside a ₦75 billion net profit after tax.

Alade-Akinyemi credited the firm’s collaboration with Huaxin Cement Group for strengthening technical expertise and operational reliability.

He added that Lafarge Africa remained optimistic about future performance, projecting sustained growth in the building materials segment through year-end.

The CEO reaffirmed the company’s commitment to sustainability, noting plans to deepen its investment in alternative fuel, Ecocrete, and Ecopanet solutions to drive green growth across the Nigerian cement industry.

“Our focus remains on seizing emerging opportunities, driving sustainable growth, and delivering long-term value to all stakeholders,” he added, while appreciating shareholders, partners, and employees for their continued confidence.

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Lafarge Africa operates cement plants in Ewekoro and Sagamu (Ogun State), Ashaka (Gombe State), and Mfamosing (Cross River State), as well as Ready-Mix operations in Lagos, Abuja, and Port Harcourt.