Lafarge Africa Income Statement

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,152,836	1,066,305	696,758	405,503	373,245	293,086
Revenue Growth (YoY)	42.80%	53.04%	71.83%	8.64%	27.35%	27.11%
Cost of Revenue	454,079	450,061	350,931	199,129	177,235	145,806
Gross Profit	698,758	616,243	345,826	206,374	196,010	147,280
Selling, General & Admin	237,214	225,110	156,414	103,317	110,216	76,185
Other Operating Expenses	2,687	2,400	1,750	1,512	1,466	1,536
Operating Expenses	240,980	228,074	158,487	104,797	112,114	77,746
Operating Income	457,778	388,169	187,339	101,576	83,896	69,534
Interest Expense	-4,562	-256.32	-1,429	-562.4	-766.86	-3,764
Interest & Investment Income	25,080	25,080	2,062	4,654	1,487	527.49
Earnings From Equity Investments	-	-	-	-	-	683.31
Currency Exchange Gain (Loss)	-666.74	-666.74	-24,271	-21,045	-13,129	1,186
Other Non Operating Income (Expenses)	5,681	-5,025	-16,819	-4,333	-1,767	-1,334
EBT Excluding Unusual Items	483,310	407,301	146,882	80,290	69,720	66,833
Gain (Loss) on Sale of Investments	-	-	-	-	-	133.92
Gain (Loss) on Sale of Assets	229.94	229.94	965.96	404.97	24.6	89.74
Asset Writedown	-	-	4,671	-	-	-4,802
Pretax Income	487,326	411,317	152,519	80,695	69,745	62,254
Income Tax Expense	164,894	138,196	52,374	29,554	16,097	11,251
Earnings From Continuing Operations	322,431	273,120	100,145	51,141	53,647	51,004
Net Income to Company	322,431	273,120	100,145	51,141	53,647	51,004
Net Income	322,431	273,120	100,145	51,141	53,647	51,004
Net Income to Common	322,431	273,120	100,145	51,141	53,647	51,004
Net Income Growth	124.54%	172.72%	95.82%	-4.67%	5.18%	65.37%
Shares Outstanding (Basic)	16,109	16,108	16,108	16,108	16,108	16,108
Shares Outstanding (Diluted)	16,109	16,108	16,108	16,108	16,108	16,108
Shares Change (YoY)	0.01%	-	-	-	-	-
EPS (Basic)	20.02	16.96	6.22	3.17	3.33	3.17
EPS (Diluted)	20.02	16.96	6.22	3.17	3.33	3.17
EPS Growth	124.52%	172.72%	96.13%	-4.81%	5.17%	65.78%
Free Cash Flow	397,858	218,019	139,459	109,408	77,461	50,041
Free Cash Flow Per Share	24.70	13.54	8.66	6.79	4.81	3.11
Dividend Per Share	10.000	10.000	1.200	1.900	2.000	2.000
Dividend Growth	733.33%	733.33%	-36.84%	-5.00%	-	100.00%
Gross Margin	60.61%	57.79%	49.63%	50.89%	52.52%	50.25%
Operating Margin	39.71%	36.40%	26.89%	25.05%	22.48%	23.72%
Profit Margin	27.97%	25.61%	14.37%	12.61%	14.37%	17.40%
Free Cash Flow Margin	34.51%	20.45%	20.02%	26.98%	20.75%	17.07%
EBITDA	492,979	420,932	215,284	126,392	105,234	93,358
EBITDA Margin	42.76%	39.48%	30.90%	31.17%	28.19%	31.85%
D&A For EBITDA	35,201	32,763	27,945	24,815	21,338	23,824
EBIT	457,778	388,169	187,339	101,576	83,896	69,534
EBIT Margin	39.71%	36.40%	26.89%	25.05%	22.48%	23.72%
Effective Tax Rate	33.84%	33.60%	34.34%	36.62%	23.08%	18.07%
Advertising Expenses	-	2,875	2,103	1,661	1,714	1,038

Source: S&P Global Market Intelligence. Standard template. Financial Sources.