Adejoke Adeleye, Abeokuta
Lafarge Africa Plc has kicked off the 2026 financial year with an extraordinary performance, doubling its bottom line in the first three months.
In a financial statement released yesterday, the company’s Board of Directors declared a Profit After Tax (PAT) of ₦97.95 billion for Q1 2026, a staggering 101% increase over the ₦48.64 billion recorded during the same period in 2025.
The company’s top-line growth was equally impressive, with net sales climbing to ₦334.88 billion, marking a 35% rise from the previous year’s ₦248.35 billion.
Industry analysts point to the company’s volume-led strategy as the primary engine for this growth. By ensuring plant stability and streamlining distribution channels, Lafarge managed to capture a larger share of the resurgent demand in Nigeria’s infrastructure and construction sectors.
The Group Managing Director/CEO, Lolu Alade-Akinyemi, attributed the stellar results to a mix of aggressive revenue growth and military-grade cost discipline.
“Our results underscore our continued focus on delivering sustainable value,” Alade-Akinyemi stated. Operating Profit increased by 97% to ₦141 billion, driven by supply assurance and an improved route-to-market.”
The CEO also highlighted the company’s technical partnership with Huaxin Building Materials Ltd, noting that Lafarge will continue to leverage this global expertise to unlock further industrial efficiencies and technical gains.
According to the report, the surge in consumer demand was supported by,
Easing Macroeconomic Pressures: A stabilization in the broader economy has encouraged construction activity.
Supply Chain Recovery: Reduced global disruptions have allowed for smoother operations.
Infrastructure Demand: Continued government and private sector investment in large-scale projects.
Despite the celebratory figures, Alade-Akinyemi maintained a cautious eye on the global landscape.
He noted that while the company is focused on capturing more volume growth, it will remain unwavering in its commitment to cost optimization to safeguard profit margins against potential global tensions.
“Our sustainability-led growth model continues to anchor our long-term value creation agenda, he added, thanking loyal stakeholders and customers for their continued support.
Meanwhile, Lafarge Africa continues to advance its innovation and health and safety standards. This Q1 performance sets a high benchmark for the Nigerian manufacturing sector for the remainder of 2026. He said
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