Market News

By Oluseye Ojo                                        

The Group Managing Director and Chief Executive Officer of Lafarge Africa Plc, Lolu Alade-Akinyemi, has said naira stability is one of the key factors that helped the company to record a growth rate of N780.48 billion for January to September in 2025, which represents a 63 per cent growth from N479.49billion recorded in the corresponding period in 2024.

In a statement made available to journalists, he mentioned other factors that culminated in the success to include the company’s commitment to value creation and strong operational efficiency.

Alade-Akinyemi stated that the company’s Profit After Tax for the period increased by 246 per cent to N207.78billion, driven by volume growth, and efficiency gains, apart from a stable naira.  He noted that the company’s capacity utilisation improved by seven per cent year-on-year, with net sales up by 43 per cent, operating profit up by 107 per cent, and Profit After Tax of N75billion.  Alade-Akinyemi stated that the Lafarge Africa has continued to innovate and launch new products, including Nigeria’s first low-carbon ready-mix concrete, ECOcrete, and ECOplanet Elephant cement. The products, he said, have demonstrated the company’s commitment to sustainability and value creation.  He appreciated shareholders, customers, and partners for their continued confidence and support, reaffirming the company’s commitment to delivering long-term value despite a challenging macroeconomic environment.

>span class="s2">Alade-Akinyemi said: “Building on the performance from previous quarters, Q3 (third quarter) results showcase our cost discipline, strategic market positioning, unwavering commitment to value creation, and strong operational efficiency – demonstrated by a +7 per cent YoY improvement in capacity utilisation. We ended Q3 with Net Sales up 43 per cent, Operating Profit up 107 per cent, and Profit After Tax of N75billion.

“We closed 9M 2025 with Net Sales and Operating Profit up 63 per cent and 129 per cent respectively. Our 9M 2025 performance reaffirms our resilience, underpinned by sustained volume growth, operational excellence, innovative product offerings, and agile response to market opportunities. This performance also reflects our alignment with a more stable naira, the stability of operations, and continued efficiencies across the business.”