BY NKECHI NAECHE-ESEZOBOR—The Board of Directors of Lafarge Africa Plc has reported a strong financial performance for the first quarter of 2026, with Profit After Tax (PAT) rising to N97.95 billion—representing a 101 per cent increase from N48.64 billion recorded in the corresponding period of 2025.
The company also recorded significant growth in revenue, with net sales climbing by 35 per cent to N334.88 billion in Q1 2026, compared to N248.35 billion in the same period last year.
Commenting on the results, the Group Managing Director/Chief Executive Officer, Lolu Alade-Akinyemi, attributed the strong performance to sustained revenue growth, improved operational efficiency, and disciplined cost management.
“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 greater distribution efficiency. Operating profit rose by 97 per cent to N141 billion, while profit after tax increased by 101 per cent to N98 billion,” he said.
He added that the performance was driven by supply reliability, prudent financial management, and an improved route-to-market strategy.
Alade-Akinyemi noted that the company will continue to leverage the industrial and technical expertise of its strategic partner, Huaxin Building Materials Ltd, to further optimise operations and unlock additional efficiencies.
Looking ahead, he said the company would maintain a strong focus on disciplined capital deployment, cost control, and capturing growth opportunities across its markets. He added that improving macroeconomic conditions and easing global supply chain disruptions have supported rising consumer demand and volume growth.
“We anticipate continued expansion in Nigeria’s infrastructure and construction sectors, driven by improving economic fundamentals and demand across key segments. We remain focused on capturing these opportunities while maintaining cost optimisation to protect margins,” he stated.
He also expressed appreciation to customers and stakeholders for their continued support, reaffirming the company’s commitment to delivering consistent performance and long-term value.
“Our sustainability-led growth model remains central to our long-term value creation, supported by disciplined execution and operational excellence,” he added.
Lafarge Africa Plc said it will continue to prioritise supply reliability, cost leadership, innovation, and sustainability, while maintaining high standards in health and safety across its operations.
About Lafarge Africa Plc
Lafarge Africa Plc, a member of the Huaxin Group, is a leading provider of innovative and sustainable building solutions in Nigeria. Established in 1959 and listed on the Premium Board of the Nigerian Exchange Limited, the company operates cement plants in Sagamu and Ewekoro (Ogun State), Ashaka (Gombe State), and Mfamosing (Cross River State), with a total installed production capacity of 10.5 million metric tonnes per annum. It remains committed to sustainable development, combining industrial efficiency with environmental responsibility and stakeholder value creation.
