Lafarge Africa Plc has reported a surge in its financial performance for the first quarter of 2025, posting a profit after tax of N48.64bn, a massive 837 per cent increase from N5.19bn recorded in the same period last year.
In its financial report released on the Nigeria Exchange Limited on Thursday, the company’s revenue for the first quarter of 2025 hit N248.35bn, representing an 80 per cent increase from N137.77bn in Q1 2024. This growth was driven by robust demand and an increase in sales across its core operations.
Lafarge Africa’s gross profit rose significantly by 87 per cent, reaching N122.98bn in Q1 2025 compared to N65.64bn in the first quarter of 2024. The company’s operating profit also saw an impressive jump of 137 per cent, from N30.24bn in Q1 2024 to N71.66bn in the same period this year.
In the period under review, selling and distribution costs stood at N38.94bn, up from N27.25bn in Q1 2024, reflecting the company’s efforts to expand its market reach while maintaining efficiency. Administrative expenses rose to N12.93bn, compared to N8.28bn in the previous year.
Lafarge Africa recorded a positive impairment reversal on receivables, amounting to N54.66m in Q1 2025, compared to a N17.52m reversal in Q1 2024. The company’s finance income also increased, contributing an additional N1.84bn, compared to N1.56bn in the same period last year.
Finance costs, however, spiked to N388m from N23.09bn in the first quarter of 2024, reflecting a substantial decrease in the previous year’s finance costs.
Despite significant investments and operational expenses, Lafarge Africa ended the quarter with a healthy cash position of N105.77bn, down from N237.86bn at the end of 2024. The company’s total assets stood at N914.79bn, a decrease from N990.51bn recorded at the close of last year.
The company also saw an increase in its non-current assets, with property, plant, and equipment standing at N412.77bn. This reflects ongoing investments in infrastructure to support long-term growth.