Lafarge Africa Plc (NGX:WAPCO)

Lafarge Africa Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	807,336	696,758	405,503	373,245	293,086	230,573
Revenue Growth (YoY)	78.83%	71.83%	8.64%	27.35%	27.11%	8.25%
Cost of Revenue	404,178	350,931	199,129	177,235	145,806	120,568
Gross Profit	403,158	345,826	206,374	196,010	147,280	110,005
Selling, General & Admin	172,314	156,357	103,232	110,216	76,185	62,360
Other Operating Expenses	1,796	1,750	1,512	1,466	1,536	1,260
Operating Expenses	174,396	158,430	104,713	112,114	77,746	63,600
Operating Income	228,762	187,397	101,660	83,896	69,534	46,405
Interest Expense	-2,605	-1,639	-562.4	-766.86	-3,764	-7,860
Interest & Investment Income	2,345	2,062	4,654	1,487	527.49	1,053
Earnings From Equity Investments	-	-	-	-	683.31	433.15
Currency Exchange Gain (Loss)	-1,391	-24,271	-21,045	-13,129	1,186	-888.92
Other Non Operating Income (Expenses)	-15,875	-16,666	-4,417	-1,767	-1,334	-573.51
EBT Excluding Unusual Items	211,235	146,882	80,290	69,720	66,833	38,569
Gain (Loss) on Sale of Investments	-	-	-	-	133.92	-
Gain (Loss) on Sale of Assets	1,016	965.96	404.97	24.6	89.74	237.37
Asset Writedown	4,671	4,671	-	-	-4,802	-1,234
Pretax Income	216,922	152,519	80,695	69,745	62,254	37,572
Income Tax Expense	73,327	52,374	29,554	16,097	11,251	6,730
Earnings From Continuing Operations	143,596	100,145	51,141	53,647	51,004	30,842
Net Income to Company	143,596	100,145	51,141	53,647	51,004	30,842
Net Income	143,596	100,145	51,141	53,647	51,004	30,842
Net Income to Common	143,596	100,145	51,141	53,647	51,004	30,842
Net Income Growth	247.25%	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)	-0.05%	-	-	-	-	-
EPS (Basic)	8.91	6.22	3.17	3.33	3.17	1.91
EPS (Diluted)	8.91	6.22	3.17	3.33	3.17	1.91
EPS Growth	248.09%	96.13%	-4.81%	5.17%	65.78%	-73.26%
Free Cash Flow	75,900	139,018	109,408	77,461	50,041	53,800
Free Cash Flow Per Share	4.71	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	49.94%	49.63%	50.89%	52.52%	50.25%	47.71%
Operating Margin	28.34%	26.90%	25.07%	22.48%	23.72%	20.13%
Profit Margin	17.79%	14.37%	12.61%	14.37%	17.40%	13.38%
Free Cash Flow Margin	9.40%	19.95%	26.98%	20.75%	17.07%	23.33%
EBITDA	257,341	215,335	126,476	105,234	93,358	67,202
EBITDA Margin	31.87%	30.90%	31.19%	28.19%	31.85%	29.15%
D&A For EBITDA	28,579	27,938	24,815	21,338	23,824	20,797
EBIT	228,762	187,397	101,660	83,896	69,534	46,405
EBIT Margin	28.34%	26.90%	25.07%	22.48%	23.72%	20.13%
Effective Tax Rate	33.80%	34.34%	36.62%	23.08%	18.07%	17.91%
Advertising Expenses	-	2,103	1,661	1,714	1,038	780.79

Updated Feb 27, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.