Prime Business AfricaThe revenue of Lafarge Africa rose by 80.26 percent to N248.35 billion in the first quarter (Q1) of 2025, up from N137.77 billion generated in the same period last year.
According to the company’s consolidated and separate financial statements for the period ended March 31, 2025, Lafarge Africa’s cost of production also grew in double-digit or 73.82 percent year-on-year from N72.12 billion to N125.37 billion.
Join our WhatsApp ChannelLafarge Africa closed the period with N122.97 billion gross profit during the period under review, against the N65.64 billion reported in Q1 2024, reflecting a 87.33 percent year-on-year increase.
However, the company recorded N71.65 billion as operating profit for Q1 2025 after accounting for administrative expenses, selling and distribution costs, impairment reversal on receivables and other income, exceeding the N30.23 billion reached in Q1 2024.
Lafarge Africa’s earnings were supported by an 18.16 percent year-on-year increase in finance income – which rose from N1.55 billion to N1.84 billion – and a 98.31 percent decline in finance costs, which decreased from N23.08 billion to N388 million.
As a result, Lafarge Africa saw its profit before tax (PBT) rise significantly by 739.46 percent to N73.11 billion in the first quarter of 2025, compared to the N8.70 billion recorded in the corresponding period last year.
The cement manufacturer’s income tax also grew in triple digits from N3.51 billion to N24.46 billion – indicating a 595.85 percent year-on-year growth.
However, profit after tax (PAT) still grew by a massive 836.71 percent, from N5.19 billion in the first quarter of 2024 to N48.64 billion during the same period this year.
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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.
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