Lafarge Africa Reports N97.95bn Profit in Q1 2026

Lafarge Africa Plc announced a profit of N97.95 billion for the first quarter of 2026, representing a 101% increase compared to N48.64 billion during the same period the previous year. The company's net sales reached N334.88 billion, reflecting a 35% increase from N248.35 billion in the prior year.

Lolu Alad Akinyemi, the Group Managing Director and Chief Executive Officer, attributed the profit growth to sustained revenue growth, cost efficiency initiatives, and prudent financial management. The operational profit increased by 97% to N141 billion, with profit before tax rising to N98 billion.

The results highlight the company's focus on delivering sustainable shareholder value and maintaining cost discipline. Lafarge Africa aims to leverage its partnership with Huaxin Building Material Ltd to enhance operations and unlock additional efficiencies.

The company remains committed to capturing volume growth opportunities while safeguarding margins amidst global economic pressures.