HBM Nigeria Reports N208bn Profit in H1 2026

HBM Nigeria Plc, formerly Lafarge Africa Plc, announced a significant increase in profitability for the first half of 2026, with profit after tax rising 57% to about N208 billion. This growth was attributed to stronger cement volumes, improved distribution, and effective cost management.

For the six months ending June 30, 2026, net sales increased by 31% year-on-year, while sales volumes rose by 11%. Operating profit climbed 51% to N291 billion, resulting in an operating margin increase to 43% from 37% in the same period of 2025.

Revenue reached N678.41 billion, compared to approximately N517 billion the previous year. Lolu Alade-Akinyemi, the group managing director and CEO, credited disciplined cost management and operational excellence for the performance.

HBM Nigeria is also planning to expand its capacity with a new production line in Calabar, aiming to meet Nigeria's long-term cement demand, as it currently has a production capacity of 10.5 million tonnes per annum.