From Aniekan Aniekan, Calabar
Lafarge Africa Plc, a leading innovative and sustainable building solutions company and producer of a range of cement brands, has recorded a sales revenue of N268.63 billion for the second quarter of the 2025 financial year.
This revenue represents an increase of 70 per cent from N157.80 billion that was recorded in the corresponding period in 2024.
The unaudited results revealed that operating profit for the company in the second quarter of the financial year also grew from N47.70 billion in the corresponding period in 2024 to N120.61 billion, representing a 153 per cent significant increase.
The rise in operating profit was largely due to topline growth and operational efficiency of the company.
Details from the provisional results released by NGX show profit after tax for the second quarter rose by 248 per cent from N24.16 billion in 2024 to N84.03 billion in the corresponding period in 2025.
This rise could be attributed to strong operational performance and relative stability of the naira with no significant FX losses.
The Chief Executive Officer, Lafarge Africa, Lolu Alade-Akinyemi, in a statement made available in Calabar, explained that the exceptional performance recorded by the company in Q2 was driven by innovative product offerings, strategic operations, and distribution efficiency.
“Following our impressive Q1 results, Q2 performance 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%, operating profit up 153%, and profit after tax growth of 248%. This strong performance closes H1 with sales and operating profit growth of 75% and 144%, respectively.
“This performance is driven by our innovative product offerings and strategic operational initiatives,” Alade-Akinyemi said.
He emphasised that the company remains mindful of the ever-evolving macroeconomic conditions and is confident of continuing to deliver value.
He also expressed appreciation to its exceptional team, valued customers, and loyal stakeholders for their unwavering contributions despite the challenging macroeconomic environment, saying he is optimistic about a positive outlook in the second half of the year.
He pledged its commitment to sustainability and pursuing its strategy of ‘Accelerating Green Growth’ through innovative building solutions that enhance stakeholder value.
Lafarge Africa is one of Nigeria’s biggest cement producers and operates the Mfamosing plant in Cross River State through its South East Operations.
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