The Board of Directors of Lafarge Africa Plc, a leading provider of innovative and sustainable building solutions and manufacturer of a wide range of cement, readymix, mortar, and Plaster of Paris brands, has declared a Profit After Tax of N97.95 billion for the first quarter of the 2026 financial year. This profit represents a 101% increase compared to N48.64 billion recorded for the corresponding period in the previous year.
Further analysis of the results shows that net sales rose to N334.88 billion in Q1 2026, a 35% increase from N248.35 billion recorded during the same period last year.
In his remarks, Group Managing Director/Chief Executive Officer, Lafarge Africa Plc, Lolu Alade-Akinyemi, stated that sustained revenue growth and continued progress on cost and efficiency initiatives were responsible for the rise in operating profit. He also stated that the sharp rise in PAT was driven by volume-led revenue 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. These results underscore our continued focus on delivering sustainable value to our shareholders,” he said.
Alade-Akinyemi noted that the company will continue to leverage the industrial and technical expertise of its partner, Huaxin Building Materials Ltd, to further enhance operations and unlock additional efficiency gains.
He stated that the company would continue to focus on disciplined capital deployment and tight cost control in its operations while unlocking opportunities aligned with its growth priorities. He explained that the company’s volume growth, evident in sustained momentum in consumer demand, resulted from easing macroeconomic pressures and reduced global supply chain disruptions.
“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 across its operating markets, while maintaining disciplined cost optimization initiatives to safeguard margins amidst global tensions,” he said.
While expressing profound appreciation to customers and loyal stakeholders for their support, he noted that the company would continue to do its best to deliver consistent performance and long-term value to shareholders.
“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 remains focused on boosting supply reliability, strengthening cost leadership, advancing innovation, and progressing sustainability initiatives across its operations, while upholding strong health and safety standards.