HBM Nigeria Plc Reports 57% Profit Growth in H1 2026

HBM Nigeria Plc, formerly Lafarge Africa Plc, announced a Profit After Tax of N208 billion for the first half of 2026, marking a 57% increase compared to the previous year. Net sales rose by 31%, driven by an 11% volume growth and improved operational stability.

Operating profit grew by 51% to N291 billion, with the operating margin increasing from 37% in H1 2025 to 43%. Lolu Alade-Akinyemi, Group Managing Director and CEO, attributed this performance to disciplined cost management and operational excellence.

HBM Nigeria has begun the engineering design for a new 3-million-tonne integrated cement facility in Calabar, with completion expected within 12 months of construction commencement. Alade-Akinyemi expressed optimism about the cement demand outlook in Nigeria, citing ongoing infrastructure development and urbanization.

The company aims to capture volume growth while maintaining cost discipline and operational excellence to ensure sustainable growth and value creation for shareholders.