Lafarge Africa delivers strong Q1 growth

• Net sales: Q1 2025 N248Bn, up 80% YoY, fueled by improved production.
• Operating profit: Q1 2025 up 137% YoY, on the back of topline growth and operational efficiency.
• Operating margin: Q1 2025 29%, up from 22% PY.
• Profit after tax: Q1 2025 N48.6Bn, up 837%, Naira stabilises with no significant FX losses when compared with PY.
• Continued focus on increased product range, sustainability, and health & safety.

Lolu Alade-Akinyemi, CEO of Lafarge Africa, commented, "We achieved solid financial results in Q1, with net sales growth of 80%, operating profit up 137%, and profit after tax of N48.6bn, a strong performance driven by our innovative product offerings and strategic operational Initiatives. This is further evidence of our strong market positioning, operational efficiency, cost management, and dedication to value creation.

As we continue to navigate a dynamic market landscape, we remain resilient, leveraging innovation and green growth, in line with our sustainability ambitions, while also delivering continuous value to our stakeholders.

Lafarge Africa Plc remains committed to strengthening its leadership position in offering environmentally friendly building solutions while driving long-term profitability.

I would like to extend my gratitude to our dedicated team, customers, and stakeholders, for their continued support to Lafarge Africa despite the macroeconomic headwinds being experienced in the industry."

The Nigerian Infrastructure and Construction Sector is expected to continue to grow despite inflationary pressure on purchasing power. As a result, Lafarge maintain a positive outlook for the rest of 2025, with the market expected to continue at similar growth rate with 2024. Lafarge will continue to maximise volume opportunities across our markets and actively manage our costs. Lafarge remain committed to its sustainability ambitions and strategy of ‘Accelerating Green Growth’ through innovative building solutions and delivery of stakeholder value.

Read the article online at: https://www.worldcement.com/africa-middle-east/02052025/lafarge-africa-delivers-strong-q1-growth/