Lagos: Lafarge Africa Plc, a building solutions company, has declared sales revenue of N268.63 billion for the second quarter of the 2025 financial year.
Chief Executive Officer (CEO), Lafarge Africa, Mr Lolu Alade-Akinyemi, made this known in the company’s financial report on Monday in Lagos.
According to Alade-Akinyemi, the revenue represents a 70 per cent increase from N157.80 billion recorded in the corresponding period in 2024.
He stated that a further breakdown of the company’s unaudited results revealed that its operating profit for the period under review also increased from N47.70 billion in the corresponding period in 2024 to N120.61 billion.
This represents a 153% increase.
The Lafarge Africa CEO attributed the rise in operating profit to topline growth and operational efficiency of the company.
He added that the company’s Profit After Tax (PAT) for the second quarter also rose by 248 per cent from N24.16 billion in 2024 to N84.03 billion in the corresponding period in 2025.
Alade-Akinyemi said the rise could be attributed to strong operational performance and relative stability of the naira with no significant foreign exchange losses.
“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 per cent, operating profit up 153 per cent, and PAT growth of 248 per cent.
“This strong performance closes the first half with a sales and operating profit growth of 75 per cent and 144 per cent, respectively,” Alade-Akinyemi said.
He noted that the company remained mindful of the ever-evolving macroeconomic conditions and was confident that it would continue to deliver value.
He pledged that Lafarge Africa would continue to focus on its strategic priorities, while leveraging innovation and green growth, in line with its sustainability ambitions.
Commenting on projections for the second half of the year, Alade-Akinyemi expressed optimism about a positive outlook.
He anticipated that the market would maintain a growth rate consistent with the trend from the first half of the year.
The CEO stated that the building industry was projected to sustain its growth trajectory, with the company reaping the benefits despite macroeconomic challenges.
“We will continue to capitalise on volume opportunities across our markets while diligently managing our costs.
“Our commitment to sustainability remains steadfast, as we pursue our strategy of ‘Accelerating Green Growth’ through innovative building solutions that enhance stakeholder value,” he said.
