Strong H1 performance: For the six months ended June 30, 2025, Lafarge Africa Plc posted a profit after tax of ₦132.7–₦133bn, a staggering 352% increase from ₦29.35bn in H1 2024.
Q2 surge: In Q2 alone, profit after tax climbed to ₦84.0bn—up 248% year‑on‑year—while sales revenue hit ₦268.6bn (+70%) and operating profit rose to ₦120.6bn (+153%).
Government praise: The Presidency commended the company for its robust earnings, highlighting its contributions to job creation, infrastructure development, and overall economic stability.
Company outlook: CEO Lolu Alade‑Akinyemi credited the results to volume growth, cost efficiencies, innovative product offerings, and a relatively stable exchange rate. He emphasized continued focus on strategic priorities and “green growth” initiatives for sustained performance.
Economic boost: The impressive earnings from a major building‑materials firm signal increased construction activity and positive industrial output.
Investor confidence: A 352% jump in half‑year profit and strong underlying fundamentals may attract more capital inflows into Nigerian equities.
Policy validation: Government endorsement suggests that broader economic policies (like FX stability and infrastructure spending) are having tangible benefits.
