Lafarge Africa Plc has announced a total dividend payout of N96.64 billion to its shareholders for the 2025 financial year, reflecting a strong year of financial performance. The company declared a final dividend of N6 per share, bringing the total dividend for the year to N10 per share when combined with the earlier interim dividend of N4 per share.
The dividend proposal received approval from shareholders during the company’s Annual General Meeting (AGM) held in Lagos, signaling investor confidence in the cement giant’s growth trajectory. The payout represents a 100 percent distribution, underscoring the company’s commitment to rewarding its investors.
Speaking at the AGM, Chairman Gbenga Oyebode described the 2025 financial year as a defining moment for Lafarge Africa, marked by significant growth and operational milestones. According to him, net sales increased by 53 percent, driven by higher production volumes, improved plant stability, and stronger distribution networks across the country.
The company also recorded a remarkable rise in operating profit, which jumped by 103 percent from N193.01 billion in 2024 to N392.10 billion in 2025. Oyebode attributed this performance to improved macroeconomic conditions, increased infrastructure development, and the company’s focus on efficiency and customer satisfaction.
Group Managing Director and CEO, Lolu Alade-Akinyemi, expressed appreciation to shareholders and stakeholders for their continued support, noting that the company remains focused on disciplined execution of its strategy. Shareholders, including Oluyemisi Bakare of the Pragmatic Shareholders Association of Nigeria, praised the company’s performance and urged management to sustain the growth momentum to ensure continued returns in the years ahead.
source: business day