Lafarge Africa Plc, a leading provider of innovative and sustainable building solutions and manufacturer of cement, readymix, mortar, and Plaster of Paris products, has reported a Profit After Tax (PAT) of ₦97.95 billion for the first quarter ended March 31, 2026.
The performance represents a 101% increase compared to the ₦48.64 billion recorded in the corresponding period of the previous year, reflecting strong operational momentum and improved market demand across its business segments.
Revenue Growth Strengthens Performance
According to the company’s financial results, net sales rose to ₦334.88 billion, marking a 35% year-on-year increase from ₦248.35 billion recorded in Q1 2025.
The growth was supported by improved sales volumes, enhanced plant stability, and stronger distribution efficiency across key markets.
Operating profit also surged significantly, rising by 97% to ₦141 billion, underscoring improved cost management and operational discipline during the period.
Management Attributes Growth to Strategy Execution
Commenting on the results, the Group Managing Director and Chief Executive Officer of Lafarge Africa Plc, Lolu Alade-Akinyemi, said the company’s performance reflects continued execution of its strategic priorities, particularly in revenue expansion and efficiency optimization.
He noted that the sharp increase in profitability was driven by volume-led growth, sustained cost discipline, and prudent financial management.
“Our Q1 2026 results reflect continued progress in executing our strategic priorities. Net sales grew by 35% year-on-year, supported by improved volumes, enhanced plant stability, and distribution efficiency. Operating profit increased by 97% to ₦141 billion, while Profit After Tax rose by 101% to ₦98 billion, driven by supply assurance, disciplined cost management, and improved route-to-market,” he said.
He added that these results demonstrate the company’s continued commitment to delivering sustainable value to shareholders.
Outlook: Focus on Growth, Efficiency, and Market Expansion
Alade-Akinyemi noted that Lafarge Africa will continue to leverage the industrial and technical expertise of its parent company, Huaxin Building Materials Ltd, to further enhance operational efficiency and unlock additional value.
He explained that improving macroeconomic conditions and easing supply chain pressures have contributed to stronger demand and volume growth in the period under review.
Looking ahead, he said the company expects continued expansion driven by Nigeria’s infrastructure and construction sector, supported by improving economic fundamentals.
We anticipate continued market expansion from Nigeria’s infrastructure and construction sector demand, underpinned by improving economic fundamentals and demand across key segments. Within this context, we remain focused on capturing volume growth opportunities while maintaining disciplined cost optimization initiatives to safeguard margins,” he said.
Commitment to Stakeholders and Long-Term Value Creation
The CEO expressed appreciation to customers, partners, and stakeholders for their continued trust and support, reaffirming the company’s commitment to consistent performance and long-term value creation.
Our sustainability-led growth model continues to anchor our long-term value creation agenda, supported by the effective execution of our strategic priorities and an unwavering commitment to operational excellence,” he added.
Lafarge Africa Plc reiterated its focus on strengthening supply reliability, maintaining cost leadership, driving innovation, and advancing sustainability initiatives across its operations, while upholding strong health and safety standards.
About Lafarge Africa Plc
Lafarge Africa Plc, a member of 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 an installed production capacity of 10.5 million metric tonnes per annum.
The company is committed to sustainable development, combining industrial efficiency with value creation, respect for employees and communities, and environmental protection.
About Huaxin
Huaxin, founded in 1907 and incorporated in China, is listed on the Shanghai and Hong Kong stock exchanges and ranks among the world’s largest cement groups. Beyond cement production, Huaxin operates in aggregates, ready-mixed concrete, and waste management, and manufactures cement and waste pre-/co-processing equipment with proprietary technology.
Huaxin is recognised as one of the world’s leading manufacturing enterprises and most valuable industrial brands.
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