Building materials manufacturing giant, Lafarge Africa Plc, reported a strong start the 2025 financial year with revenue soaring by 80%, just as net profit ballooned by a significant 837% on the back of what the management linked to the introduction of innovative products and operational excellence within the period.
Sales revenue stood at N248.35bn from N137.77bn recorded in the corresponding period in 2024., while operating profit grew from N30.24bn to N71.66bn, representing an impressive 137% rise.
Profit After Tax (PAT) rose from N5.19bn to N48.64bn, following which the Chief Executive Officer, Lolu Alade-Akinyemi said the solid financial results in Q1 was “driven by our innovative product offerings and strategic operational Initiatives. 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.
“Lafarge Africa continues to drive the usage of Calcined Clay, a low carbon raw material, in its cement manufacturing process, to further drive reduction of our CO2 emission and carbon footprint,” he added.
He 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 our stakeholders.
While expressing profound appreciation to customers, and stakeholders, for their continued support despite the macroeconomic headwinds being experienced in the industry, he noted that the company remains committed to strengthening its leadership position by offering environmentally friendly building solutions while driving long-term profitability.
He affirmed that the company will continue to maximize volume opportunities across our markets and actively manage our costs while remain committed to our sustainability ambitions and strategy of ‘Accelerating Green Growth’ through innovative building solutions and delivery of stakeholder value.
