By Abubakar Rabilu, Gombe
Lafarge Africa Plc has posted a strong first-quarter performance for 2026, reporting a Profit After Tax (PAT) of ₦97.95 billion, representing a 101 per cent increase from ₦48.64 billion recorded in the corresponding period of 2025.
The company’s financial results also showed that net sales rose by 35 per cent to ₦334.88 billion, up from ₦248.35 billion in the same period last year.
Operating profit surged by 97 per cent to ₦141 billion, underscoring improved efficiency and stronger market demand.
The Group Managing Director/Chief Executive Officer, Lolu Alade-Akinyemi, attributed the robust performance to sustained revenue growth, improved production volumes, and disciplined cost management.
“Our Q1 2026 performance demonstrates consistent execution of our strategic priorities. Growth in net sales was driven by increased volumes, improved plant reliability, and enhanced distribution efficiency,” he said.
He added that the significant rise in profitability was driven by supply chain stability, prudent financial management, and continued cost optimisation initiatives.
Alade-Akinyemi noted that the company would continue to leverage the technical and industrial expertise of its parent company, Huaxin Building Materials Co., Ltd., to strengthen operations and unlock further efficiency gains.
He expressed optimism about the outlook of Nigeria’s construction sector, citing improving macroeconomic conditions and growing infrastructure demand.
“We expect sustained market growth, driven by increased infrastructure development and expanding construction activities. Our focus remains on capturing these opportunities while maintaining strict cost discipline to safeguard margins,” he said.
The CEO also commended customers and stakeholders for their continued support, reaffirming the company’s commitment to delivering long-term value and consistent returns.
A key player in Nigeria’s building materials industry, Lafarge Africa operates cement plants in Ogun, Gombe and Cross River states, with a combined installed capacity of 10.5 million metric tonnes per annum.
The company said it will continue to prioritise innovation, sustainability, and operational excellence as it strengthens its position in the market.
