Lafarge Africa Plc has recorded a rise in sales revenue to ₦780.48 billion for the nine months ending September 2025.
This marks a 63 per cent increase compared with ₦479.49 billion recorded in the same period in 2024.
The company disclosed this in a statement issued on Saturday in Lagos.
A review of the results showed that Profit After Tax rose from ₦60.08 billion in 2024 to ₦207.78 billion, representing a 246 per cent increase.
The News Agency of Nigeria (NAN) reports that the rise was attributed to volume growth, efficiency gains, and naira stability.
Cost of sales grew from ₦241.73 billion in 2024 to ₦324.36 billion during the nine-month period under review.
Administrative and selling expenses also increased by 48 per cent from ₦109.74 billion in 2024 to ₦162.03 billion in 2025.
Chief Executive Officer, Mr Lolu Alade-Akinyemi, said the results reflect strong cost discipline, market strategy, and operational efficiency.
He said the company recorded a seven per cent year-on-year improvement in capacity utilisation.
Alade-Akinyemi noted that net sales rose 43 per cent, operating profit increased 107 per cent, while Profit After Tax reached ₦75 billion in the third quarter.
He added that for the nine months, net sales and operating profit rose 63 per cent and 129 per cent respectively.
He said the company’s resilience was driven by volume growth, operational excellence, innovative products, and agile market response.
According to him, performance also reflected a more stable naira and continued business efficiency.
He added that Lafarge Africa was leveraging Huaxin’s technical expertise to strengthen supply capacity and operations.
Huaxin Cement Group, he explained, is a global cement producer with over a century of industry experience.
Alade-Akinyemi said the company remained focused on seizing opportunities, driving sustainable growth, and delivering lasting value.
He noted that innovation and efficiency gains powered the firm’s strong third-quarter performance.
He highlighted the launch of Nigeria’s first low-carbon ready-mix concrete, ECOcrete, and ECOplanet Elephant cement in the western market.
These, he said, complemented product success recorded after the 2024 launch in the eastern market.
He thanked shareholders, customers, and partners for their continued confidence and support.
He reaffirmed the company’s commitment to long-term value creation despite economic challenges.
On the outlook for the year’s final quarter, he said the market remained positive with significant growth expected in the building sector.
He added that market expansion was projected to align with the strong trend seen in the first nine months.
He reaffirmed the company’s focus on sustainable growth and lasting stakeholder value.
