Lafarge Africa Income Statement

Financials in millions NGN. Fiscal year is January - December.

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	997,748	696,758	405,503	373,245	293,086	230,573
Revenue Growth (YoY)	67.43%	71.83%	8.64%	27.35%	27.11%	8.25%
Cost of Revenue	433,562	350,931	199,129	177,235	145,806	120,568
Gross Profit	564,186	345,826	206,374	196,010	147,280	110,005
Selling, General & Admin	208,434	156,357	103,232	110,216	76,185	62,360
Other Operating Expenses	2,458	1,750	1,512	1,466	1,536	1,260
Operating Expenses	211,459	158,430	104,713	112,114	77,746	63,600
Operating Income	352,727	187,397	101,660	83,896	69,534	46,405
Interest Expense	-3,976	-1,639	-562.4	-766.86	-3,764	-7,860
Interest & Investment Income	18,267	2,062	4,654	1,487	527.49	1,053
Earnings From Equity Investments	-	-	-	-	683.31	433.15
Currency Exchange Gain (Loss)	446.63	-24,271	-21,045	-13,129	1,186	-888.92
Other Non Operating Income (Expenses)	-4,710	-16,666	-4,417	-1,767	-1,334	-573.51
EBT Excluding Unusual Items	362,754	146,882	80,290	69,720	66,833	38,569
Gain (Loss) on Sale of Investments	-	-	-	-	133.92	-
Gain (Loss) on Sale of Assets	272.23	965.96	404.97	24.6	89.74	237.37
Asset Writedown	4,671	4,671	-	-	-4,802	-1,234
Pretax Income	371,483	152,519	80,695	69,745	62,254	37,572
Income Tax Expense	123,634	52,374	29,554	16,097	11,251	6,730
Earnings From Continuing Operations	247,849	100,145	51,141	53,647	51,004	30,842
Net Income to Company	247,849	100,145	51,141	53,647	51,004	30,842
Net Income	247,849	100,145	51,141	53,647	51,004	30,842
Net Income to Common	247,849	100,145	51,141	53,647	51,004	30,842
Net Income Growth	244.65%	95.82%	-4.67%	5.18%	65.37%	-73.20%
Shares Outstanding (Basic)	16,108	16,108	16,108	16,108	16,108	16,108
Shares Outstanding (Diluted)	16,108	16,108	16,108	16,108	16,108	16,108
Shares Change (YoY)	0.01%	-	-	-	-	-
EPS (Basic)	15.39	6.22	3.17	3.33	3.17	1.91
EPS (Diluted)	15.39	6.22	3.17	3.33	3.17	1.91
EPS Growth	245.00%	96.13%	-4.81%	5.17%	65.78%	-73.26%
Free Cash Flow	186,286	139,018	109,408	77,461	50,041	53,800
Free Cash Flow Per Share	11.56	8.63	6.79	4.81	3.11	3.34
Dividend Per Share	1.200	1.200	1.900	2.000	2.000	1.000
Dividend Growth	-36.84%	-36.84%	-5.00%	-	100.00%	-
Gross Margin	56.55%	49.63%	50.89%	52.52%	50.25%	47.71%
Operating Margin	35.35%	26.90%	25.07%	22.48%	23.72%	20.13%
Profit Margin	24.84%	14.37%	12.61%	14.37%	17.40%	13.38%
Free Cash Flow Margin	18.67%	19.95%	26.98%	20.75%	17.07%	23.33%
EBITDA	383,487	215,335	126,476	105,234	93,358	67,202
EBITDA Margin	38.44%	30.90%	31.19%	28.19%	31.85%	29.15%
D&A For EBITDA	30,761	27,938	24,815	21,338	23,824	20,797
EBIT	352,727	187,397	101,660	83,896	69,534	46,405
EBIT Margin	35.35%	26.90%	25.07%	22.48%	23.72%	20.13%
Effective Tax Rate	33.28%	34.34%	36.62%	23.08%	18.07%	17.91%
Advertising Expenses	-	2,103	1,661	1,714	1,038	780.79

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.