Lafarge Africa Plc has reported a 70% year-on-year increase in net sales for the second quarter (Q2) of 2025 to ₦269 billion, supported by volume growth and improved plant stability.
The company also recorded a 248% increase in profit after tax (PAT) to ₦84 billion on strong topline performance, operational efficiencies, and improved macroeconomic conditions.
For the half-year ended June 30, 2025, net sales rose 75% year-on-year while operating profit advanced by 144%. Q2 operating profit grew by 153%, underpinned by revenue gains and cost optimization.
Operating margin improved to 45% in Q2 2025 from 30% in the prior year while H1 2025 operating margin stood at 37%, up from 27% in H1 2024.
The improvement in profitability was also supported by relative exchange rate stability, reversing the significant FX-related losses recorded in the prior year.
Commenting on the results, Lafarge Africa’s Chief Executive Officer, Lolu Alade-Akinyemi, stated: “Our Q2 performance reflects the strength of our strategy and disciplined execution. With net sales up 70%, operating profit up 153%, and PAT rising by 248%, we continue to deliver strong value through operational excellence, market responsiveness, and cost discipline.”
Sustainability and Product Innovation
In line with its green growth strategy, Lafarge Africa introduced ECOPlanet cement to the Western Nigerian market in Q2 2025. Following its earlier launch in the Eastern region in 2024, ECOPlanet now accounts for over 50% of sales in the West and is expected to contribute meaningfully to Lafarge’s carbon reduction targets.
The company also reported continued deployment of Calcined Clay, a low-carbon raw material, in its cement production processes further reinforcing its decarbonization roadmap.
Also, Lafarge launched Ground Calcium Carbonate (GCC) in Q1 2025, with market adoption continuing into Q2. GCC is a multi-industry additive used to enhance the quality of concrete and asphalt while contributing to lower carbon emissions.
Outlook
Lafarge Africa maintains a positive outlook for the second half of 2025, citing continued momentum in Nigeria’s infrastructure and construction sectors.
Despite macroeconomic pressures on consumer purchasing power, the company expects market growth to remain resilient.
The company reaffirmed its commitment to leveraging volume opportunities, maintaining cost efficiency, and accelerating its sustainability agenda through innovative building solutions.
“We remain focused on creating long-term value for all stakeholders through innovation, operational excellence, and sustainability,” Alade-Akinyemi added.
Company Overview
Lafarge Africa Plc is a subsidiary of Holcim Group and one of Nigeria’s leading building solutions companies.
It operates cement manufacturing plants in Ogun (Ewekoro and Sagamu), Gombe (Ashaka), and Cross River (Mfamosing), with Ready-Mix concrete operations in Lagos, Abuja, and Port Harcourt.
The company has an installed cement production capacity of 10.5 million metric tonnes per annum (Mtpa).
Its parent company, Holcim Ltd., is a global leader in sustainable construction with 2024 restated net sales of CHF 16.2 billion.
Holcim operates in 45 markets with a workforce of over 48,000 and manages leading brands such as ECOPlanet, ECOPact, and ECOCycle.
