Lafarge Africa’s Records Profit Surge On Cement Sales Growth In 2025
The figure, according to the company, increased from N479.49
billion recorded in the same period of 2024.
The company’s Profit After Tax (PAT) also soared by 246
percent, rising to N207.78 billion from N60.08 billion in the corresponding period
of 2024 — a performance the cement maker attributed to higher sales volumes,
improved efficiency, and a more stable naira.
Lafarge Africa’s Chief Executive Officer, Lolu
Alade-Akinyemi, in a statement, said the cost of sales rose by 34 percent to
N324.36 billion, while administrative and selling expenses climbed by 48
percent to N162.03 billion, compared to N109.74 billion last year.
Alade-Akinyemi explained that the firm’s Q3 and 9M 2025
results demonstrate its resilience and strategic positioning in Nigeria’s
construction and infrastructure market.
“Building on the
performance from previous quarters, Q3 results showcase our cost discipline,
strategic market positioning, and commitment to value creation,” he said. “We
ended Q3 with Net Sales up 43%, Operating Profit up 107%, and a Profit After
Tax of N75 billion.”
Alade-Akinyemi noted that the company’s success was driven
by operational efficiency, innovative product development, and stable foreign
exchange conditions.
He added that Lafarge Africa was leveraging Huaxin Cement
Group’s global technical capabilities to strengthen production capacity and
market reach.
“Our 9M performance reaffirms our resilience, underpinned by
sustained volume growth, operational excellence, and agile market response,” he
said.
“Lafarge Africa is positioned to leverage Huaxin’s strength
to further improve our supply capacity and operations.”
He highlighted Lafarge’s continued investment in innovation,
including the launch of Nigeria’s first low-carbon ready-mix concrete,
ECOcrete, and ECOplanet Elephant cement, as part of the firm’s sustainability
agenda.
“The last nine months have witnessed the rollout of products
designed to reduce carbon footprint, reflecting our alignment with global
climate goals,” Alade-Akinyemi added.
The CEO expressed appreciation to shareholders, customers,
partners, and employees for their trust and resilience, assuring that the
company remains focused on delivering long-term value despite economic
challenges.
Looking ahead, Lafarge Africa projects a positive outlook
for the last quarter of the year, with the building and construction market
expected to maintain its strong growth trajectory.
“The focus remains to seize emerging opportunities, drive
sustainable growth, and deliver lasting value to our stakeholders,”
Alade-Akinyemi concluded.
Lafarge Africa Plc, a subsidiary of Huaxin Cement Co.
Limited, operates cement plants in Ogun, Gombe, and Cross River States, with
ready-mix facilities in Lagos, Abuja, and Port Harcourt. The company currently
boasts a production capacity of 10.5 million metric tonnes per annum (Mtpa).
