Record-breaking Financial Performance
The audited report for Lafarge Africa Plc, a leading innovative and sustainable building solutions company, has revealed impressive sales revenue growth for the first quarter of the 2025 financial year. The company recorded a sales revenue of N248.35 billion, representing an increase of 80% from the corresponding period in 2024, which stood at N137.77 billion. This significant growth in sales revenue is a testament to the company’s strong market positioning, operational efficiency, and dedication to value creation. According to the company’s Chief Executive Officer, Lolu Alade-Akinyemi, the strong performance is driven by the introduction of new innovative products and strategic operational initiatives. Key Highlights of the First Quarter Performance
- Sales revenue increased by 80% to N248.35 billion from N137.77 billion in the corresponding period in 2024.
- Operating profit grew by 137% to N71.66 billion from N30.24 billion in the corresponding period in 2024.
- Profit After Tax (PAT) increased by 837% to N48.64 billion from N5.19 billion in the corresponding period in 2024.
Innovative Products and Operational Excellence
The company’s innovative product offerings and strategic operational initiatives have played a significant role in driving its strong financial performance. According to Alade-Akinyemi, the launch of Ground Calcium Carbonate (GCC) demonstrates the company’s innovation drive and greener planet ambition. He also disclosed that the forthcoming launch of the Elephant ECOPlanet product is aimed at significantly reducing its carbon footprint in the industry. “Lafarge Africa continues to drive the usage of Calcined Clay, a low carbon raw material, in its cement manufacturing process, to further drive reduction of our CO2 emission and carbon footprint,” he added.
Accelerating Green Growth
The company’s commitment to sustainability and green growth is evident in its strategy of ‘Accelerating Green Growth’ through innovative building solutions and delivery of stakeholder value. Alade-Akinyemi assured that the company will remain resilient by leveraging innovation and green growth, in line with its sustainability ambitions, while also delivering continuous value to its stakeholders.
About Lafarge Africa Plc
Lafarge Africa Plc is a leading Sub-Saharan Africa building solutions company, a member of Holcim Limited, a world leader in building solutions. The company is listed on the Nigerian stock Exchange and actively participates in the urbanization and economic growth of Nigeria, the largest economy in Africa.
| Cement Operations | Installed Capacity (Mtpa) | Locations |
|---|---|---|
| Ewekoro and Sagamu | 1.5Mtpa | Ogun State |
| Ashaka | 2.5Mtpa | Gombe State |
| Mfamosing | 1.5Mtpa | Cross Rivers State |
| Lagos, Abuja, and Port Harcourt | – | Ready-Mix operations |
About Holcim
Holcim is a global leader in innovative and sustainable building solutions with net sales of CHF 26.4 billion in 2024. The company’s 65,000 employees are driven by its purpose to build progress for people and the planet across its regions to improve living standards for all. “Holcim is proud to partner with our customers to offer the broadest range of advanced solutions, from sustainable building materials ECOPact and ECOPlanet, to our circular technology ECOCycle® and Elevate’s advanced roofing and insulation systems,” said a spokesperson.
Quote from the CEO
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We achieved solid financial results in Q1, 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.
We will continue to drive the usage of Calcined Clay, a low carbon raw material, in our cement manufacturing process, to further drive reduction of our CO2 emission and carbon footprint. The forthcoming launch of the Elephant ECOPlanet product is aimed at significantly reducing our carbon footprint in the industry. We remain committed to our sustainability ambitions and strategy of ‘Accelerating Green Growth’ through innovative building solutions and delivery of stakeholder value. We will continue to maximize volume opportunities across our markets and actively manage our costs while remain committed to our sustainability ambitions and strategy of ‘Accelerating Green Growth’ through innovative building solutions and delivery of stakeholder value. We appreciate the continued support of our customers and stakeholders despite the macroeconomic headwinds being experienced in the industry. We will continue to deliver value to our stakeholders and remain committed to our sustainability ambitions and strategy of ‘Accelerating Green Growth’. We will continue to leverage innovation and green growth, in line with our sustainability ambitions, while also delivering continuous value to our stakeholders. We are confident that our strategy will drive long-term profitability and sustainability for the company.”