HBM Nigeria Achieves N928bn Revenue Growth in 2026
HBM Nigeria Plc recorded a revenue of N928 billion for the nine months ending September 30, 2026, marking a 19% increase driven by volume growth, operational stability, and improved distribution efficiency. The company reported an operating profit of N383 billion, a 28% rise, with the operating margin increasing to 41% from 38% in 2025.
Profit after tax reached N272 billion, reflecting a 31% growth year-on-year. Lolu Alade-Akinyemi, the GMD/CEO of HBM Nigeria, stated that the performance indicates the company is on track to meet its full-year objectives.
However, third-quarter results showed a decline in net sales to N250 billion and profit after tax to N64 billion, down 5% and 15% respectively compared to Q3 2025, due to planned maintenance at existing plants. Alade-Akinyemi noted that maintenance would enhance reliability and capacity utilization, with expansion projects in Sagamu and Ashaka expected to be completed in Q1 2027.
Plus234Feed summary based on reporting from Leadership Newspaper. Read the original report below.
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