Lafarge Africa Plc has reported an after-tax profit of N133 billion for the first half of 2025, representing a 352% year-on-year increase from the N29.35 billion recorded in the same period last year.
The cement giant attributed the profit growth to the relative stability of the naira, which reduced foreign exchange losses that had significantly impacted its 2024 performance.
According to its latest financial results published on the Nigerian Exchange, Lafarge’s net sales surged by 75% to N516.98 billion from N295.58 billion in H1 2024.
The increase was driven by higher volumes supported by improved plant stability. Operating profit climbed 144% year-on-year to N192.27 billion.
Earnings per share also improved sharply, rising to N8.24kobo from N1.82kobo in H1 2024. The company announced a dividend payout of N83.8 billion during the period.
Total assets crossed the N1 trillion mark, while total liabilities rose to N473.4 billion.
Speaking on the strong performance, Lolu Alade-Akinyemi, CEO of Lafarge Africa, said:
“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%, Operating Profit up 153%, and Profit After Tax of N84bn, up 248% vs prior year. With this strong Q2 result, we closed H1 with sales and operating profit growth of 75% and 144% respectively; driven by volume growth, operational excellence, innovative product offerings, and our proactive market initiatives.”
He added that the company remains focused on strategic priorities while leveraging innovation and green growth to sustain its performance.
