Strong cost control and rising demand have pushed Lafarge Africa Plc to a Profit After Tax of N97.95 billion in the first quarter of 2026, a sharp 101 per cent increase from N48.64 billion recorded in the same period last year.

The company also posted a 35 per cent jump in revenue, with net sales rising to N334.88 billion from N248.35 billion year-on-year.

Details of the Q1 results show that operating profit grew by 97 per cent to N141 billion, reflecting improved efficiency across operations.

Group Managing Director and Chief Executive Officer, Lolu Alade-Akinyemi, said the performance was driven by steady execution of the company’s plans.

“Our Q1 2026 results reflect continued progress in executing our strategic priorities. Net Sales grew by 35 per cent year-on-year, supported by improved volumes, enhanced plant stability, and distribution efficiency,” he said.

He added, “Operating Profit increased by 97 per cent to N141 billion, while Profit After Tax rose by 101 per cent to N98 billion, driven by supply assurance, disciplined cost management, and improved route-to-market.”

Alade-Akinyemi said the growth was mainly driven by higher sales volume, cost discipline and prudent financial management.

He noted that easing economic pressure and fewer global supply disruptions helped boost demand during the period.

“We anticipate continued market expansion from Nigeria’s infrastructure and construction sector demand, underpinned by improving economic fundamentals and demand across key segments,” he said.

The CEO said the company would continue to tap into the technical strength of its partner, Huaxin Building Materials Co., Ltd., to improve operations.

He added that Lafarge Africa would maintain tight cost control and focus on key growth areas in its markets.

“Our sustainability-led growth model continues to anchor our long-term value creation agenda, supported by effective execution of our strategic priorities and an unwavering commitment to operational excellence,” he said.