Lafarge Africa delivered decade-high ₦697b revenue in 2024, with H1 2025 already at ₦517bn

  • Lafarge Africa's revenue hit a decade-high of ₦697bn in 2024, reflecting a strong 71.7% year-on-year growth.
  • With ₦517bn in H1 2025 alone, Lafarge Africa has already achieved nearly 74% of 2024’s full-year revenue, signalling potential to surpass last year’s record if momentum continues.
  • The company has experienced sharp swings, including steep drops in 2016 (-17.8%) and 2019 (-30.9%).
  • Despite volatility, Lafarge has grown from ₦260bn in 2014 to ₦697bn in 2024, showing long-term expansion.

Known for its flagship Elephant Cement brand, Lafarge Africa is on track for its strongest revenue run in a decade.

After delivering a record ₦697 billion in 2024, the company has already earned ₦517 billion in just H1 2025, not only nearly three-quarters of last year’s total but also higher than the full-year revenues of every other year in the past decade except 2024.

This trajectory positions Lafarge to potentially set a new all-time high by year-end, underscoring its resilience and growth momentum despite past revenue volatility.

Source:

Lafarge Africa

Period:

2014- Q2 2025
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