Lafarge Africa posts N97.95bn profit in Q1 2026, up 101%

Lafarge Africa Plc has reported a Profit After Tax of N97.95 billion for the first quarter of 2026, representing a 101 per cent increase from the N48.64 billion recorded in the same period of 2025.

The company disclosed this in its unaudited financial results, which also showed that net sales rose by 35 per cent to N334.88 billion, up from N248.35 billion in the corresponding period last year.

The strong performance was driven by higher sales volumes, improved operational efficiency, and disciplined cost management.

Commenting on the results, the Group Managing Director/Chief Executive Officer, Lolu Alade-Akinyemi, said the company’s strategy continued to yield positive outcomes.

“Our Q1 2026 results reflect sustained 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. 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 attributed the growth to supply assurance, disciplined cost control, and improvements in the company’s route-to-market strategy.

Alade-Akinyemi added that the company would continue to leverage the expertise of its technical partner, Huaxin Building Materials Ltd, to optimise operations and unlock further efficiencies.

He noted that Lafarge Africa remains committed to prudent financial management, efficient capital deployment, and cost optimisation, while pursuing growth opportunities across its markets.

According to him, the company’s volume growth reflects sustained consumer demand, supported by easing macroeconomic pressures and reduced global supply chain disruptions.

Looking ahead, he expressed optimism about continued expansion in Nigeria’s infrastructure and construction sectors, driven by improving economic fundamentals.

“We anticipate sustained market growth, underpinned by demand across key segments. We will continue to focus on capturing volume opportunities while maintaining strict cost discipline to protect margins amid global uncertainties,” he said.

The CEO also appreciated customers and stakeholders for their continued support, reaffirming the company’s commitment to delivering long-term value.

Lafarge Africa said it will continue to prioritise supply reliability, cost leadership, innovation, and sustainability initiatives, while maintaining high standards in health and safety across its operations.