Lafarge Africa generates N248.35bn revenue, profit hits N48.64bn in Q1 2025

Lafarge Africa Plc has announced sales revenue of N248.35 billion for the first quarter of the 2025 financial year.

The sales revenue represents an increase of 80% from N137.77 billion recorded in 2024.

Lafarge Africa revealed that its operating profit in the first quarter of 2025 also grew from N30.24 billion recorded in 2024 to N71.66 billion, representing 137% rise.

The company, in a statement issued on Thursday, April 24, 2025, noted that its profit after tax (PAT) increased from N5.19 billion recorded in 2024 to N48.64 billion.

Speaking on the development, the Chief Executive Officer of Lafarge Africa, Lolu Alade-Akinyemi, said the strong performance recorded by the company in the first quarter was as a result of the introduction of new innovative products and operational excellence.

He said: “We achieved solid financial results in Q1, a strong performance driven by our innovative product offerings and strategic operational Initiatives.

Trump shuts U.S. agency funding Africa infrastructure

“This is further evidence of our strong market positioning, operational efficiency, cost management, and dedication to value creation.”

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.

Alade-Akinyemi 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 stakeholders.

Alade-Akinyemi added that Lafarge remains committed to strengthening its leadership position by offering environmentally friendly building solutions while driving long-term profitability.

The Star