Business
Lafarge Africa Posts N1 Trillion Revenue in 2025, Profit Hits N273 Billion
Lafarge Africa Plc hits N1.1 trillion revenue in 2025, profit after tax jumps 173% to N273 billion, with final dividend rising to ₦6 per share
Lafarge Africa Plc has achieved a historic financial milestone, crossing the N1 trillion revenue mark for the first time in its history for the year ended December 31, 2025.
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The cement giant’s revenue surged by 53 per cent, rising from N696.8 billion in 2024 to N1.1 trillion in 2025.
Profit before tax jumped 170 per cent to N411.3 billion, while profit after tax soared 173 per cent to N273 billion, compared to N100.1 billion the previous year.
Commenting on the results, Lafarge Africa CEO, Lolu Alade-Akinyemi, described 2025 as a transformative year.
“Our Full Year 2025 results are a testament to the effectiveness of our 4-point strategy, disciplined execution, and relentless focus on value creation. Reaching the ₦1 trillion net sales threshold marks a historic turning point for our company,” he said.
The CEO credited the growth to operational efficiency, plant reliability, and strategic cost optimisation.
Operating profit surged 103 per cent to ₦392 billion.
Following the acquisition of a majority stake by Huaxin Building Materials Group, Lafarge Africa plans to expand its Ashakacem plant in Gombe State and Sagamu plant in Ogun State.
Upon completion, total annual production capacity will reach 14.0 million metric tonnes (MMT).
Alade-Akinyemi expressed optimism for 2026, emphasising the company’s resilience, operational scale, and commitment to sustainable growth.
Reflecting strong performance, the Board proposed a final dividend of 600 kobo (₦6.00) per share, up from 120 kobo in 2024, highlighting Lafarge Africa’s robust cash position and dedication to rewarding investors.
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The CEO reaffirmed the company’s “green growth” agenda, promising continued focus on sustainability, volume opportunities, and prudent cost management as part of its long-term value creation strategy.
President Bola Tinubu has reaffirmed the Federal Government’s commitment to rehabilitating and repositioning Nigeria’s dormant national refineries, declaring that the facilities will not be allowed to become stranded assets.
Tinubu was represented by the Permanent Secretary of the Ministry of Petroleum Resources, Mrs Patience Oyekunle, at the 20th OTL Africa Downstream Energy Week in Lagos on Monday.
The President said the government is adopting a more rigorous and commercially sustainable approach to the rehabilitation of the Port Harcourt, Warri and Kaduna refineries.
“At the same time, the government remains committed to ensuring that existing national refining assets are not allowed to become stranded investments,” the statement said.
“We are pursuing a more rigorous, commercially sustainable approach to the rehabilitation and repositioning of our refineries, supported by technical assessment, stronger partnerships, and improved operational discipline.”
The objective, according to the administration, is for Nigeria to refine more of its crude oil, create greater domestic value and become a reliable supplier of energy to Africa.
The national refineries, managed by the Nigerian National Petroleum Company Limited (NNPC), have remained largely inactive for years despite significant spending on turnaround maintenance. The NNPC has signed a memorandum of understanding with Chinese firms as part of ongoing efforts to revive the facilities.
Tinubu also noted the contribution of private refining capacity, particularly the Dangote Refinery, which has reached its 650,000 barrels-per-day nameplate capacity, in strengthening Nigeria’s prospects of becoming a net exporter of refined petroleum products.
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