HBM Nigeria sees strong profit and revenue growth in first half
HBM Nigeria Plc, formerly known as Lafarge Africa Plc, reported significant financial growth for the first half of 2026. The company achieved a 57% increase in Profit After Tax and a 31% rise in net sales, driven by higher volumes and improved operational efficiency. Lolu Alade-Akinyemi, the Group Managing Director and CEO, highlighted the company’s focus on cost management, innovation, and sustainability. HBM Nigeria is also advancing plans for a new production line to further boost capacity.
TLDR
- HBM Nigeria Plc declared a Profit After Tax of N208bn, marking a 57% growth for the first half of 2026.
- Net sales increased by 31% in H1 2026, supported by 11% volume growth and better distribution efficiency.
- Operating profit rose 51% to N291bn, with operating margin improving to 43% from 37% in H1 2025.
- Lolu Alade-Akinyemi emphasized ongoing improvements in supply reliability, cost leadership, and sustainability initiatives.
- The company has started engineering design for a third production line at Calabar, aiming for completion within 12 months after construction begins.
