Lafarge Africa Plc has reported a sharp rise in profitability for the first quarter of 2026, posting a profit after tax of N97.95 billion, a 101 per cent increase from N48.64 billion recorded in the corresponding period of 2025.
The company’s unaudited financial results also showed strong revenue growth, with net sales climbing to N334.88 billion, up 35 per cent from N248.35 billion recorded in the same period last year, reflecting improved demand and operational efficiency.
Group Managing Director and Chief Executive Officer, Lolu Alade-Akinyemi, attributed the performance to sustained revenue growth, disciplined cost management and efficiency gains across operations.
“Our Q1 2026 results reflect continued progress in executing our strategic priorities,” he said, noting that operating profit rose by 97 per cent to N141 billion, driven by improved volumes, enhanced plant stability and distribution efficiency.
Alade-Akinyemi explained that the company’s profitability was underpinned by supply assurance, prudent financial management and an improved route-to-market strategy, which collectively strengthened margins despite a challenging operating environment.
He added that the firm would continue to leverage the technical and industrial expertise of its partner, Huaxin Building Materials Ltd, to optimise operations and unlock further efficiency gains.
The Lafarge boss said the company remains focused on disciplined capital deployment and cost control, while positioning itself to benefit from emerging growth opportunities in Nigeria’s infrastructure and construction sectors.
“We anticipate continued market expansion… underpinned by improving economic fundamentals and demand across key segments,” he said, adding that the company would maintain cost optimisation strategies to protect margins amid global uncertainties.
He noted that the growth in volumes was supported by easing macroeconomic pressures and reduced disruptions in global supply chains, which have contributed to improved consumer demand.
Looking ahead, Alade-Akinyemi said the company would continue to prioritise operational excellence, innovation and sustainability, while strengthening supply reliability and maintaining high safety standards.
He also expressed appreciation to customers and stakeholders for their continued support, reaffirming Lafarge Africa’s commitment to delivering consistent performance and long-term value to shareholders.
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