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🇳🇬 Nigeria /Economy & Trade

HBM Nigeria Profit Jumps 57% to N208 Billion in H1 2026

From ThisDay · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

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  • HBM Nigeria Plc reported a Profit After Tax of N208 billion for the first half of 2026, a 57% increase from N132.6 billion in the same period of 2025.
  • Net sales rose by 31% driven by volume growth and improved distribution efficiency, with operating profit increasing by 51% to N291 billion.
  • The company is advancing plans for a new cement production line and anticipates positive demand for cement due to ongoing infrastructure development and urbanization in Nigeria.

HBM Nigeria Plc, formerly Lafarge Africa Plc, announced a significant 57% surge in its Profit After Tax, reaching N208 billion for the first half of 2026, up from N132.6 billion in the prior year's comparable period. This financial success was propelled by a 31% increase in net sales, attributed to an 11% volume growth, enhanced operational stability, and more efficient distribution networks.

Our H1 2026 performance demonstrates the continued strength of our business and the successful execution of our strategic priorities.

— Lolu Alade-AkinyemiGroup Managing Director and Chief Executive Officer, HBM Nigeria

The company's operational performance also saw a substantial boost, with operating profit climbing 51% to N291 billion. This was supported by sustained efficiency gains across the business, leading to a remarkable rise in operating margin from 37% in H1 2025 to 43% in H1 2026. The company's Group Managing Director and Chief Executive Officer, Lolu Alade-Akinyemi, highlighted the successful execution of strategic priorities, disciplined cost management, and operational excellence as key drivers of these results.

These results reflect disciplined cost management, operational excellence, and prudent financial stewardship.

— Lolu Alade-AkinyemiGroup Managing Director and Chief Executive Officer, HBM Nigeria

Looking ahead, HBM Nigeria is focused on leveraging the expertise of Huaxin Building Materials Ltd to further drive operational excellence. The company has initiated engineering designs for a new 3-million-ton integrated cement facility in Calabar, with construction expected to commence soon and completion within 12 months. Alade-Akinyemi expressed optimism about Nigeria's cement demand outlook, citing ongoing infrastructure development, urbanization, and resilient construction sector activity as supportive factors, despite a dynamic global operating environment.

We are focused on further improving supply reliability, advancing our cost leadership agenda, driving innovation, accelerating our sustainability initiatives, and maintaining the highest standards of health and safety

— Lolu Alade-AkinyemiGroup Managing Director and Chief Executive Officer, HBM Nigeria
DistantNews Editorial

Originally published by ThisDay in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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