Prime Business AfricaBetween April and June 2025, Lafarge Africa generated N268.62 billion in revenue, overshadowing the N157.80 billion turnover reported in the second quarter (Q2) of 2024.
Lafarge Africa’s revenue grew faster than the company’s cost of production, as the former increased by 70.22 percent, while the latter rose by 26.41 percent year-on-year.
Join our WhatsApp ChannelAccording to the company’s Q2 2025 consolidated and separate financial statements, Lafarge Africa ended the review period with N172.79 billion in gross profit, up by 110.74 percent when compared to the N81.99 billion posted in Q2 2024.
Lafarge Africa also recorded a 45.76 percent increase in selling and distribution costs, which soared to N38.47 billion in Q2 2025, compared to the N26.39 billion expended during the same period last year.
Also, administrative expenses rose by 109.86 percent, from the N8.48 billion recorded in Q2 2025 to N17.80 billion within the same period this year.
The company added that its operating profit increased to N120.61 billion during the period under review, up from the N47.70 billion notched up in Q2 2024, representing an increase of 152.83 percent.
Finance income also rose in Q2 2025 to N7.33 billion, exceeding the N2.34 billion reported in the corresponding period in 2024, indicating a 212.41 percent growth, while finance costs decreased by 89.13 percent year-on-year, from N12.13 billion to N1.31 billion.
This lifted the bottom line by threefold or 233.92 percent to N126.62 billion in the second quarter of this year, up from the N37.91 billion reported in the corresponding period last year.
However, a 209.45 percent increase in income tax ate into the company’s bottom line, as Lafarge Africa filed N42.58 billion in taxation for the period between April and June 2025, compared to the N13.76 billion paid as tax expense in Q2 2024.
Nonetheless, Lafarge Africa recorded a three-digit growth in its profit after tax (PAT), as the company recorded N84.03 billion net income in Q2 2025, against the N24.15 billion posted in Q2 2024, indicating an increase of 247.86 percent.
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Prime Business Africa is a business, economy and policy news platform founded in 2021 by veteran journalist and media scholar, Dr Marcel Mbamalu, after he left The Guardian as Editor.
Dr Mbamalu, who serves as Founder and Publisher, set up Prime Business Africa to deliver sharp, data-driven reporting on Nigeria’s markets, trade, investment, and governance trends for decision-makers, entrepreneurs, and policy leaders.
He also writes The Bottom Line, a backpage column for Punch Newspaper every Thursday.
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