Lafarge Africa’s Q3 2025 Performance Fuels Price Surge
Lafarge Africa (WAPCO) electrified the Nigerian equities market as its share price rallied by N7.00 to close at N150.45 per share, marking a 5.05% gain on the day’s trading session on the Nigerian Exchange (NGX).
This upward momentum followed the release of the company’s Q3 2025 financial results, which showcased a remarkable improvement in earnings, margins, and profitability, significantly outpacing its 2024 performance.
A closer look into Lafarge’s Q3 2025 nine-month financial metrics reveals an impressive operational rebound and earnings expansion driven by strong revenue growth and improved cost discipline.
Operating Profit moved to N298 billion, up 129% year-on-year, signaling the company’s strong grip on cost optimisation and pricing efficiency in a high-inflation environment.
Operating Margin also expanded to 38% from 27% in the prior year, underscoring significant operational efficiency gains and better cost-to-revenue management. Profit Before Tax (PBT) stood at N313 billion, a 232% jump from the same period last year.
Profit After Tax (PAT) significantly climbed to N208 billion, up an astonishing 246% from N60.08 billion in Q3 2024.
Earnings Per Share (EPS) in year equally climbed sharply to N12.90, up 246% from N3.73 in 2024, reflecting Lafarge’s strong value creation for shareholders.
The stellar results triggered renewed investor enthusiasm, pushing Lafarge Africa’s stock closer to its 52-week high of N154.30, comfortably above its 50-day moving average of N129.02. The stock’s strong volume surge and sustained bullish sentiment indicate that institutional investors are repositioning ahead of a possible price re-rating in the medium term.
This price action aligns with broader market optimism surrounding the Nigerian industrial sector, particularly within the cement segment, which has continued to benefit from sustained infrastructure spending, urbanisation trends, and strategic government capital projects.
Analysts attribute the sharp rally to Lafarge Africa’s consistent delivery on operational targets, cost rationalisation, and its strong market position in the construction and infrastructure value chain. The 129% growth in operating profit and expansion in margins indicate a well-managed business amidst macroeconomic headwinds such as currency devaluation pressures, energy costs, and logistics constraints.
The company’s sustained profitability and cash flow generation strengthen its balance sheet, supporting ongoing capital expenditure, debt reduction, and potential future dividend enhancement factors that continue to appeal to long-term investors.
At N150.45 per share, Lafarge Africa currently trades just below its 52-week high, with the stock exhibiting upward momentum and strong relative strength on the NGX.
Given the impressive earnings trajectory, analysts forecast a near-term price target between N160 – N170, representing a potential 7% – 13% upside from current levels, assuming stable macroeconomic conditions and continued volume growth in Q4.
Investor’s Recommendation: Rating: BUY/HOLD
The stock presents compelling upside potential based on its strong earnings growth, expanding margins, and robust fundamentals. Short-term investors may capitalise on the bullish trend, while long-term investors can maintain positions to benefit from sustained profitability and dividend prospects.
Lafarge Africa’s Q3 2025 performance underscores its strategic resilience and ability to deliver superior value in a challenging market. With investor confidence surging and fundamentals strengthening, Lafarge appears well-positioned to cement its leadership within Nigeria’s industrial sector, making it one of the standout performers on the NGX in 2025. #Lafarge Africa’s Q3 2025 Performance Fuels Price Surge# Debt Office to Open N260bn Nigeria Bonds for Subscriptions
