Lafarge Africa’s Three-Month Profit Doubles to N98 Billion
Lafarge Africa Plc, the Lagos-listed cement producer now majority-owned by China’s Huaxin Building Materials Group Co., Ltd, reported a profit
Lafarge Africa Plc, the Lagos-listed cement producer now majority-owned by China’s Huaxin Building Materials Group Co., Ltd, reported a profit increase of 101.38 percent in the first three months of this year.
The country’s third-biggest cement maker saw its net income jump to N97.95 billion from N48.64 billion in the same period of 2025, according to its financial statements released on Wednesday. Revenue rose to N334.88 billion from N248.35 billion.
On 1 December 2024, Swiss building materials giant Holcim announced it had agreed to sell its entire 83.81 percent stake in Lafarge Africa Plc to Huaxin Building Materials Group Co. Ltd, previously known as Huaxin Cement Co. The transaction received approval from the Federal Competition and Consumer Protection Commission on 25 July 2025.
As of 31 December 2025, Huaxin Building Materials Group held 83.81 percent of Lafarge Africa’s issued share capital, with the remaining 16.19 percent owned by other institutional and individual investors.
