Lafarge Africa Plc has announced exceptional financial results for the nine months ended September 30, 2025, with profit after tax surging 246% to ₦207.8 billion, as the cement manufacturer continues its strong growth trajectory despite challenging macroeconomic conditions.
The cement giant disclosed this in a statement released on Wednesday.
The company posted net sales of ₦780.5 billion for the nine months, representing a 63% year-on-year increase from ₦479.5 billion recorded in 2024. Third-quarter sales alone reached ₦263.5 billion, up 43% compared to ₦183.9 billion in Q3 2024.
The impressive revenue growth was driven by volume upticks and improved plant reliability, reflecting strong market demand and operational excellence across the company’s facilities.
Lafarge Africa’s operating profit for the nine months reached ₦298.4 billion, marking a 129% increase from ₦130.1 billion in the corresponding period of 2024. The Q3 operating profit of ₦106.1 billion represented a 107% year-on-year increase.
Operating margins expanded significantly, with the nine-month operating margin improving to 38% from 27% in the prior year. The Q3 operating margin reached 40%, up from 28% in Q3 2024, demonstrating the company’s enhanced operational efficiency and strategic market positioning.
Profit before tax for the nine months climbed 232% to ₦313.3 billion from ₦94.3 billion, while Q3 profit before tax increased 138% to ₦113.6 billion. Earnings per share for the nine months stood at ₦12.99, compared to ₦3.73 in the same period last year, representing a 246% increase.
Lolu Alade-Akinyemi, CEO of Lafarge Africa, expressed confidence in the company’s performance and prospects.
“Building on the performance from previous quarters, Q3 results showcase our cost discipline, strategic market positioning, unwavering commitment to value creation, and strong operational efficiency – demonstrated by a +7% YoY improvement in capacity utilisation,” Alade-Akinyemi stated.
He added: “We ended Q3 with Net Sales and Operating Profit up 43% and 107%, and Profit After Tax of ₦75bn. We closed 9M 2025 with Net Sales and Operating Profit up 63% and 129% respectively. Our 9M 2025 performance reaffirms our resilience, underpinned by sustained volume growth, operational excellence, innovative product offerings, and agile response to market opportunities.”
The CEO highlighted several key priorities for the company moving forward:
Broadening the low-carbon product portfolio
Strengthening customer partnerships
Advancing sustainability initiatives
Maintaining an industry-leading health and safety culture
Despite acknowledging the dynamic macroeconomic environment, Alade-Akinyemi expressed optimism about the company’s ability to capitalise on emerging opportunities.
“As we look forward, we remain attentive to the dynamic macroeconomic environment, and we are confident that our resilience and strategic focus position us to seize emerging opportunities, drive sustainable growth, and deliver lasting value,” he said.
The CEO concluded by thanking employees, customers, and stakeholders for their continued support, noting that their dedication has been vital to Lafarge Africa’s performance in an evolving macroeconomic landscape.
News.ng reports that the strong results come amid Nigeria’s challenging economic environment, characterised by high inflation and currency pressures.
Lafarge Africa’s performance demonstrates the continued demand for cement and construction materials, driven by ongoing infrastructure development and housing needs across the country.
