HBM Nigeria Plc, formerly Lafarge Africa Plc, has reported a Profit After Tax (PAT) of N208 billion for the first half of 2026, representing a 57 per cent increase over the corresponding period of 2025.
The company also recorded a 31 per cent growth in net sales during the period, driven by an 11 per cent increase in sales volume, improved operational stability and enhanced distribution efficiency.
Operating profit rose by 51 per cent to N291 billion, underpinned by sustained efficiency gains across the business. Operating margin also improved significantly to 43 per cent, up from 37 per cent recorded in the first half of 2025.
Commenting on the performance, the Group Managing Director and Chief Executive Officer of HBM Nigeria Plc, Lolu Alade-Akinyemi, said the results reflect the company’s strong execution of its strategic priorities.
“Our H1 2026 performance demonstrates the continued strength of our business and the successful execution of our strategic priorities. These results reflect disciplined cost management, operational excellence and prudent financial stewardship.
“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,” he said.
Alade-Akinyemi added that HBM Nigeria would continue to build on its strong operational momentum by leveraging the industrial and technical expertise of Huaxin Building Materials Ltd to enhance operational excellence and improve efficiency across the business.
On the company’s outlook for the second half of the year, he expressed optimism that cement demand would remain resilient despite the evolving global operating environment.
According to him, Nigeria’s cement demand outlook remains positive, supported by ongoing infrastructure development, rapid urbanisation and sustained activity across the construction sector.
“As macroeconomic conditions continue to improve, we expect demand across our key market segments to remain supportive of sustainable growth. We plan to continue focusing on capturing volume growth opportunities while maintaining disciplined cost management and operational excellence to strengthen profitability and preserve margins,” he said.
The company noted that it remains well positioned to create sustainable long-term value for shareholders and other stakeholders by leveraging its resilient operating platform, strong balance sheet and disciplined execution of its strategic priorities.
