Lafarge Africa Plc has reported a record-breaking financial performance for the 2025 financial year, posting revenue of ₦1.1 trillion, a 53 per cent increase from ₦696.8 billion recorded in 2024.
The cement manufacturer also announced a sharp rise in profitability, with Profit Before Tax (PBT) climbing 170 per cent to ₦411 billion. Profit After Tax (PAT) rose significantly from ₦100.1 billion in 2024 to ₦273 billion in 2025, representing a 173 per cent increase.
Operating profit more than doubled to ₦392 billion in 2025 from ₦193 billion in the previous year, supported by strong revenue growth and sustained cost-efficiency measures. Earnings per share increased from ₦6.22 in 2024 to ₦17 in 2025.
The company attributed the performance to volume-driven growth, disciplined cost optimisation, improved plant stability, enhanced distribution efficiency, retail expansion and prudent financial management.
Commenting on the results, Group Managing Director and Chief Executive Officer, Lolu Alade-Akinyemi, described the 2025 financial year as a landmark period for the company.
“Our Full Year 2025 results are a testament to the effectiveness of our four-point strategy, disciplined execution and relentless focus on value creation. Reaching the ₦1 trillion net sales threshold marks a historic turning point for our company,” he said.
Alade-Akinyemi noted that the 103 per cent surge in operating profit and 173 per cent increase in PAT reflected strong operational excellence, driven by improved plant reliability and efficiency.
Looking ahead, he expressed optimism about 2026, citing anticipated collaboration with Huaxin Cement Co., Ltd. as a growth enabler.
He said the company would maintain a prudent and agile approach to capital allocation and cost management while positioning to seize emerging market opportunities.
As part of its expansion strategy, Lafarge Africa recently announced plans to increase production capacity at its Ashakacem plant in Gombe State and Sagamu plant in Ogun State. Upon completion, the Ashaka plant will produce two million tonnes annually, while Sagamu’s capacity will rise to 3.5 million tonnes per annum.
The expansion will lift the company’s total installed capacity to 14 million metric tonnes per annum.
The company also reaffirmed its commitment to improving capacity utilisation, embedding sustainability across operations, enhancing value creation and maintaining industry-leading health and safety standards in 2026.
Lafarge Africa, listed on the Nigerian Exchange, operates cement plants in Ewekoro and Sagamu in Ogun State, Ashaka in Gombe State and Mfamosing in Cross River State, alongside ready-mix operations in Lagos, Abuja and Port Harcourt.
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