Lafarge Africa Plc has reported a 70 per cent increase in sales revenue, reaching N268.63 billion for the second quarter of the 2025 financial year, compared to N157.80 billion recorded in the same period in 2024.
A breakdown of the unaudited results released to the Nigerian Exchange Limited last week showed that operating profit also surged by 153 per cent to N120.61 billion, up from N47.70 billion in Q2 2024. The company attributed this growth to strong revenue performance and improved operational efficiency.
Provisional results from the NGX further revealed that Profit After Tax for Q2 2025 rose by 248 per cent to N84.03 billion, driven by robust operational performance and relative stability in the exchange rate, which minimized foreign exchange losses.
Chief Executive Officer of Lafarge Africa, Lolu Alade-Akinyemi, in a statement, credited the company’s exceptional Q2 performance to innovative product offerings, strategic operations, and distribution efficiency.
He stated: “Following our impressive Q1 results, Q2 performance showcases the strength of our team, market positioning, operational efficiency, cost management, and dedication to value creation. We achieved excellent financial results in Q2, with Net Sales growth of 70%, Operating Profit up 153%, and Profit After Tax growth of 248%. This strong performance closes H1 with a sales and operating profit growth of 75% and 144% respectively. This performance is driven by our innovative product offerings and strategic operational initiatives.”
Looking ahead, Alade-Akinyemi expressed optimism for the second half of the year, projecting sustained market growth in line with the first-half trend.
