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.
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Dangote Petroleum Refinery has set its initial public offering price at ₦525 per share, with the company seeking to raise about ₦2.15 trillion as it prepares to enter Nigeria’s public equities market.
The Securities and Exchange Commission has approved the offer for 4.1 billion ordinary shares at ₦525 each. If fully subscribed, the offer would generate approximately ₦2.15 trillion, equivalent to about $1.6 billion at current exchange rates.
The offering is expected to open on 14 September 2026, according to Aliko Dangote, the president of Dangote Industries. The planned sale is positioned to become one of the largest equity offerings in Africa.
The IPO marks a significant step in Dangote Group’s plans to broaden ownership of the refinery and raise additional capital for expansion.
The refinery currently has a stated processing capacity of 650,000 barrels of crude oil per day. Dangote has said the company plans to increase that capacity to 1.4 million barrels per day as part of its longer-term expansion strategy.
The planned share sale follows a $1 billion underwriting programme completed in August, providing additional financial backing ahead of the public offering.
The refinery, located in the Lekki area of Lagos State, is one of Africa’s largest industrial projects and has become an increasingly important player in Nigeria’s fuel supply market since beginning operations.
The public offering will give Nigerian investors an opportunity to acquire shares in the refinery directly, while providing Dangote Petroleum Refinery with fresh capital to support its next phase of growth.
The company has also indicated ambitions to expand beyond its current Nigerian operations, with Dangote recently announcing plans for another refinery project in Kenya.
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