By Lekan Lisoye
Lafarge Africa Plc has reported a strong financial performance for the first quarter of 2026, posting a Profit After Tax (PAT) of ₦97.95 billion, representing a 101 per cent increase from ₦48.64 billion recorded in the same period of 2025.
The company’s unaudited results also show that net sales rose by 35 per cent to ₦334.88 billion in Q1 2026, up from ₦248.35 billion in the corresponding period last year, reflecting improved demand and operational efficiency.
Commenting on the results, Group Managing Director/Chief Executive Officer, Lolu Alade-Akinyemi, attributed the performance to sustained revenue growth and disciplined cost management.
He explained that the significant increase in profit was driven by volume-led revenue growth, continued cost efficiency initiatives, and prudent financial 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 distribution efficiency,” he said.
“Operating profit increased by 97 per cent to ₦141 billion, while profit after tax rose by 101 per cent to ₦98 billion. These results underscore our focus on delivering sustainable value to shareholders.”
Alade-Akinyemi added that the company will continue to leverage the industrial and technical expertise of its strategic partner, Huaxin Building Materials Ltd, to improve operational efficiency and drive further growth.
He noted that Lafarge Africa remains committed to disciplined capital allocation and cost control, while exploring growth opportunities aligned with its long-term strategy.
According to him, the company’s volume growth was supported by easing macroeconomic pressures and reduced global supply chain disruptions.
Looking ahead, he expressed optimism about the outlook for Nigeria’s construction sector, citing increasing infrastructure development and improving economic fundamentals.
“We anticipate continued market expansion driven by infrastructure and construction demand across key segments. Within this context, we remain focused on capturing growth opportunities while maintaining cost discipline to protect margins,” he said.
The CEO also expressed appreciation to customers and stakeholders for their continued support, reaffirming the company’s commitment to delivering consistent performance and long-term shareholder value.
He emphasised that Lafarge Africa’s sustainability-driven growth model remains central to its long-term strategy, supported by strong execution and operational excellence.
The company reiterated its focus on enhancing supply reliability, strengthening cost leadership, driving innovation, and advancing sustainability initiatives, while maintaining high health and safety standards.
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