• Revenue rises 35% to N334.88bn
• CEO cites cost discipline, improved volumes
Lafarge Africa Plc has reported a Profit After Tax (PAT) of N97.95 billion for the first quarter of the 2026 financial year, representing a 101 per cent increase from N48.64 billion recorded in the corresponding period of 2025.
The company disclosed this in its unaudited financial results released on Wednesday, highlighting a strong performance driven by revenue growth and operational efficiency.
A breakdown of the results showed that net sales rose by 35 per cent to N334.88 billion in Q1 2026, up from N248.35 billion recorded in the same period last year.
Operating profit also surged significantly, increasing by 97 per cent to N141 billion, reflecting improved cost management and enhanced production efficiency.
Commenting on the performance, the Group Managing Director/Chief Executive Officer, Lolu Alade-Akinyemi, attributed the growth to sustained revenue expansion and disciplined cost control measures.
“Our Q1 2026 results reflect continued progress in executing our strategic priorities. Net sales grew by 35 per cent year-on-year, supported by improved volumes, enhanced plant stability, and distribution efficiency,” he said.
He added that the sharp increase in profit was driven by supply assurance, prudent financial management, and improved route-to-market strategies.
Alade-Akinyemi noted that the company would continue to leverage the industrial and technical expertise of its partner, Huaxin Building Materials Ltd, to enhance operational efficiency and unlock further growth opportunities.
According to him, the company remains focused on disciplined capital deployment and cost optimisation while positioning itself to benefit from improving macroeconomic conditions.
He explained that the sustained growth in volumes was supported by easing economic pressures and reduced disruptions in global supply chains.
Looking ahead, the CEO expressed optimism about the outlook of Nigeria’s construction sector, citing increasing infrastructure development and rising demand across key segments.
“We anticipate continued market expansion from Nigeria’s infrastructure and construction sector demand, underpinned by improving economic fundamentals,” he said.
He added that the company would continue to prioritise cost efficiency to protect margins amid global economic uncertainties.
The Lafarge Africa boss also appreciated customers and stakeholders for their continued support, reaffirming the company’s commitment to delivering long-term value.
“Our sustainability-led growth model continues to anchor our long-term value creation agenda,” he stated.
The company reiterated its focus on strengthening supply reliability, driving innovation, and advancing sustainability initiatives, while maintaining high health and safety standards across its operations.
