Lolu Alade-Akinyemi, Chief Executive Officer of building materials giant- Lafarge Africa Plc, has assured that the company’s latest superlative performance in the nine-month ended September 30, 2025, is a pointer to where the company is headed for its full-year judging by steps already the taken by the board and management.
In his outlook for the rest of the year, while reviewing the result presented through the Nigerian Exchange Limited, Alade-Akinyemi, said the focus of the board and management “remains on seizing emerging opportunities, driving sustainable growth, and delivering long-term value to all stakeholders.
Further reaffirming Lafarge Africa’s positive outlook, he expects the building materials segment to maintain strong growth momentum through year-end, while confirming Lafarge Africa’s unwavering commitment to sustainability and will further deepen the company’s footprint in the use of Alternative fuel, Ecocrete and Ecopanet solutions to accelerate green growth in the Nigerian cement industry.
The company, a member of Huaxin Cement Co. Ltd., a global leader in cement and building solutions with a 115-year heritage, reported a revenue of ₦780.48 billion, representing a 63% growth from ₦479.49 billion in the corresponding period of 2024.
Cost of Sales increased from ₦241.73 billion to ₦324.36 billion, while Administrative and Selling Expenses rose by 48%, from ₦109.74 billion to ₦162.03 billion, in what the company attributable largely to business expansion and inflationary pressures.
Profit After Tax saw a 246% surge from ₦60.08 billion in the first nine months of 2024 to ₦207.78 billion in 2025, reflecting higher sales volumes, improved operational efficiency, and enhanced currency stability.
Alade-Akinyemi, stressed that: “Building on the momentum from previous quarters, our Q3 results highlight our cost discipline, strategic market positioning, and operational excellence. We delivered a 43% increase in Net Sales, a 107% rise in Operating Profit, and a Profit After Tax of ₦75 billion for the quarter.
“For the nine-month period, Net Sales and Operating Profit grew by 63% and 129%, respectively. These results reaffirm Lafarge Africa’s resilience, supported by sustained volume growth, efficiency gains, innovative products, and a relatively stable operating environment,” he stressed, further highlighting the company’s strengthened partnership with its parent company.
For him, “our collaboration with Huaxin Cement Group enables us to deepen technical expertise, enhance operational efficiency, and strengthen supply reliability. Huaxin’s 115-year global legacy in cement manufacturing is a major strategic advantage for Lafarge Africa.”
He expressed appreciation to shareholders, customers, partners, and employees for their continued confidence and commitment, emphasizing that their collective support has been instrumental to the company’s sustained growth.
