Lafarge Africa posts N132.7bn profit
Lafarge Africa Plc has recorded a profit after tax of N132.7bn for the six months ended June 30, 2025, representing an increase from N29.4bn in the same period last year.
According to its Statements of Profit or Loss and Other Comprehensive Income for the period ended June 30 and filed with the Nigerian Exchange Limited on Monday, its revenue for the first half of 2025 surged by 75 per cent to N517.0bn from N295.6bn in H1 2024. This growth was supported by increased sales volume and strong market demand across the company’s product lines.
Cost of sales rose to N221.2bn from N147.9bn, reflecting higher production activity, but was well managed to maintain profitability. Consequently, gross profit more than doubled to N295.8bn from N147.6bn in the previous year.
Operating profit rose sharply by 144 per cent to N192.3bn compared to N78.9bn in H1 2024, supported by improved cost management and efficiency gains.
Finance income stood at N10.2bn, up significantly from N1.0bn, while finance costs dropped drastically to N2.8bn from N33.3bn, boosting net financial results.
Profit before tax surged to N199.7bn from N46.6bn, while income tax expense increased to N67.1bn from N17.3bn, reflecting the higher taxable income.
In Q2 alone, Lafarge Africa generated revenue of N268.6bn, up 70 per cent from N157.8bn in Q2 2024. Profit after tax in the quarter soared to N84.0bn, representing a 248 per cent increase from N24.2bn.
Basic earnings per share rose to 824 kobo for the half-year, compared to 182 kobo in H1 2024.
Total assets stood at over N1.03tn as of June 30, 2025, while total equity rose to N554bn from N505bn at the start of the year.
Lafarge declared dividends totalling N83.8bn during the period, demonstrating a commitment to shareholder returns amid growth.
Also, in a statement released on NGX on Monday. The company successfully launched ECOPlanet cement in the Western market in Q2, complementing its earlier launch in the Eastern market in 2024.
Further, Lafarge continues to use calcined clay, a low-carbon raw material, in cement production to reduce carbon dioxide emissions and support environmental sustainability.
The company also launched Ground Calcium Carbonate in Q1, a product used across construction and industrial sectors that enhances concrete quality while lowering carbon content.
The Group Managing Director and Chief Executive Officer, Lolu Alade-Akinyemi, stated, “Following our impressive Q1 results, Q2 performance further 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 per cent, operating profit up 153 per cent, and profit after tax of N84bn, up 248 per cent versus the prior year.
He continued, “With this strong Q2 result, we closed H1 with sales and operating profit growth of 75 per cent and 144 per cent respectively, driven by volume growth, operational excellence, innovative product offerings, and our proactive market initiatives.
“Looking ahead, mindful of the ever-evolving macroeconomic conditions, we are confident in our ability to continue delivering value by focusing on our strategic priorities while leveraging innovation and green growth, in line with our sustainability ambitions.
