February 26, 2026/CSL Update 

Financial Highlights:

• Revenue: +53.0% y/y to ₦1.1tn
• Cost of Sales (ex-dep): +29.1% y/y to ₦416.7bn
• OPEX (ex-dep): +43.1% y/y to ₦227.0bn
• EBITDA: +92.0% y/y to ₦426.9bn
• Operating Profit: +103.2% y/y to ₦392.1bn
• Profit Before Tax: +169.7% y/y to ₦411.3bn

Stock Rating: BUY | Target Price: 214.4/s | Current Price: ₦190.0/s

To read full report, click on the link below​​

​CSL Lafarge Africa Earnings Quick Take FY 2025.pdf