Lafarge Africa Plc has maintained its strong growth trajectory into the third quarter (Q3) of 2025, posting robust results across all major financial metrics.
The company reported a 43% year-on-year increase in net sales to ₦264 billion, supported by increased sales volumes and improved plant reliability.
Operating profit rose sharply by 107% to ₦106 billion, while profit after tax (PAT) grew 144% to ₦75 billion during the period. The cement manufacturer also achieved a significant improvement in operating margin, which expanded to 40% from 28% in Q3 2024, reflecting sustained efficiency gains and cost optimization.
For the nine months ended September 2025, Lafarge Africa’s performance remained solid with net sales of ₦780 billion (up 63%), operating profit of ₦298 billion (up 129%), and PAT of ₦208 billion (up 246%). Earnings per share climbed 144% in Q3 to ₦4.66, and 246% year-to-date to ₦12.90.
CEO Statement
Lolu Alade-Akinyemi, Chief Executive Officer of Lafarge Africa Plc, attributed the performance to disciplined execution and strategic efficiency improvements:
“Building on the performance from previous quarters, Q3 results showcase our cost discipline, strategic market positioning, unwavering commitment to value creation, and strong operational efficiency – demonstrated by a 7% year-on-year improvement in capacity utilization,” he said.
“Our results reaffirm our resilience, sustained by volume growth, operational excellence, and agile response to market opportunities. We remain confident that our strategy positions us to seize emerging opportunities, drive sustainable growth, and deliver lasting value.”
Alade-Akinyemi expressed appreciation to employees, customers, and stakeholders for their continued trust and commitment to the company’s long-term vision.
Innovation and Sustainability: ECOCrete Launch
In the third quarter, Lafarge Africa introduced ECOCrete, Nigeria’s first low-carbon ready-mix concrete, representing a milestone in sustainable construction. The innovative product delivers at least 20% reduction in carbon emissions without compromising on quality or performance.
The new product follows the earlier launch of ECOPlanet cement in Q2 2025, which accounted for over 50% of Lafarge’s cement sales in the Western region during Q3. These initiatives align with the company’s commitment to expanding its low-carbon product portfolio and promoting sustainable building practices under its ‘Accelerating Green Growth’ strategy.
Market Outlook
Lafarge Africa maintains a positive outlook for the remainder of 2025. The company expects Nigeria’s construction and infrastructure sector to sustain its upward trajectory, driven by gradual improvements in macroeconomic stability and infrastructure investment.
Management reiterated that Lafarge Africa will continue to leverage growth opportunities in its operating markets while maintaining strict cost discipline, improving operational efficiency, and strengthening its sustainability agenda.
“Our unwavering commitment to sustainability remains central to our strategy as we continue to innovate for long-term value creation,” the company said.
Company Overview
Lafarge Africa Plc, listed on the Nigerian Exchange Limited (NGX), is one of Sub-Saharan Africa’s leading building materials companies. The company operates cement plants in Ewekoro and Sagamu (Ogun State), Ashaka (Gombe State), and Mfamosing (Cross River State), along with ready-mix facilities in Lagos, Abuja, and Port Harcourt.
Lafarge Africa has an installed cement production capacity of 10.5 million tonnes per annum (Mtpa) and continues to invest in sustainable solutions for Nigeria’s construction and infrastructure sectors.
