HBM Nigeria Plc, formerly Lafarge Africa Plc, on Tuesday reported a 57% growth in Half-Year Profit After Tax (PAT) which stood at N208 billion in the first half of 2026, faster than the 31% growth in in Net sales for the period.
This, according to a statement by the company was driven by an 11% improvement in volume, enhanced operational stability and improvement in distribution efficiency, while Operating profit during the period rose by 51% to close at N291billion, supported by sustained efficiency gains across the business.
The statement by Adewunmi Alode, the General Counsel & Company Secretary, quoted, the Group Managing Director and Chief Executive Officer, HBM Nigeria Plc,
Lolu Alade-Akinyemi as saying the 2026H1 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 added.
He assured that HBM Nigeria will remain focused on building on a strong operational
momentum by leveraging the industrial and technical expertise of Huaxin Building Materials Ltd to drive operational excellence and improve efficiency across the business. Consequently, Alade-Akinyemi announced the commencement by HBM Nigeria of the engineering design for its third production line- a state-of-the-art 3-million-ton integrated cement facility in Calabar, capital of Cross River State.
The project, he continued, is progressing through the requisite development processes, with completion expected within 12 months, just as he gave a positive outlook for the rest of the year.
Nigeria’s demand outlook for cement Alade-Akinyemi noted, “remains positive supported by ongoing infrastructure development, urbanization, and resilient activity across the construction sector, despite a dynamic global operating environment. 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.
“The company remains well positioned to create sustainable long-term value for its shareholders and all stakeholders by leveraging its resilient operating platform, a strong balance sheet, and disciplined execution of strategic priorities,” he stressed.
