Lafarge Africa rakes in N97.95bn profit in Q1 2026

Lafarge Africa rakes in N97.95bn profit in Q1 2026

By Hajara Usman

Lafarge Africa Plc says it has reported a big profit for the first three months of 2026. The company made N97.95 billion after tax. This is much higher than the N48.64 billion it made in the same period in 2025.

The company also earned more money from sales. Its net sales increased to N334.88 billion. This is a 35 percent rise from N248.35 billion last year.

The Chief Executive Officer, Lolu Alade-Akinyemi, said the good result came from higher sales and careful spending. He said better factory work, more production, and improved delivery helped the company grow.

He also said operating profit rose by 97 percent to N141 billion. Profit after tax increased by 101 percent. According to him, this was made possible by strong demand, good cost control, and better supply.

The company said it will keep working with its partner, Huaxin Building Materials Ltd, to improve its operations.

Lafarge Africa added that demand for cement is growing in Nigeria, especially in building and construction. The company plans to continue controlling costs and growing its business.

It also thanked its customers and partners for their support and promised to keep delivering good results in the future.

Lafarge Africa rakes in N97.95bn profit in Q1 2026