Lafarge Africa Plc has reported a Profit After Tax (PAT) of N97.95 billion for the first quarter of 2026, representing a 101 per cent increase compared to N48.64 billion recorded in the corresponding period of 2025.
The company’s unaudited financial results released on Tuesday also showed that net sales rose by 35 per cent to N334.88 billion in Q1 2026, up from N248.35 billion posted in the same period last year.
Operating profit grew significantly by 97 per cent to N141 billion, reflecting strong performance across key operational metrics.
Commenting on the results, the Group Managing Director/Chief Executive Officer, Lolu Alade-Akinyemi, attributed the impressive performance to sustained revenue growth, improved production volumes, and cost-efficiency 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 surge in profit after tax was driven by disciplined cost management, supply assurance, and an improved route-to-market strategy.
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, Lafarge Africa will maintain a focus on prudent financial management, disciplined capital deployment, and cost optimisation to sustain profitability.
The CEO also expressed optimism about the outlook for the construction sector, citing improving macroeconomic conditions and easing global supply chain disruptions as factors expected to drive demand.
“We anticipate continued market expansion driven by Nigeria’s infrastructure and construction sector, supported by improving economic fundamentals,” he said.
He added that the company remains committed to capturing growth opportunities across its markets while safeguarding margins amid global economic uncertainties.
