By Peter Egwuatu
HBM Nigeria Plc, formerly Lafarge Africa Plc, recorded a 57 per cent increase in profit after tax (PAT) to N208 billion in the first half of 2026 (H1’26), from N132.677 billion recorded in the corresponding period of 2025.
The cement manufacturer, in its financial results released on the Nigerian Exchange Limited (NGX), also reported a 31 per cent increase in net sales during the period.
The growth was driven by an 11 per cent increase in sales volume, improved operational stability and greater distribution efficiency.
Operating profit rose by 51 per cent to N291 billion, compared with N192.270 billion in H1’25, while operating margin increased to 43 per cent from 37 per cent. Group Managing Director and Chief Executive Officer, HBM Nigeria, Mr Lolu Alade-Akinyemi, attributed the performance to disciplined cost management, operational efficiency and prudent financial management.
He said the company remained focused on improving supply reliability, strengthening its cost leadership position, driving innovation and accelerating sustainability initiatives.
Alade-Akinyemi disclosed that the company had commenced engineering design for its third production line at Calabar, a 3-million-tonne integrated cement facility. According to him, the project is progressing through the required development processes, with completion expected within 12 months after commencement of construction.
He said HBM Nigeria would continue to leverage the industrial and technical expertise of Huaxin Building Materials Ltd to improve efficiency and operational performance.
On the business outlook, Alade-Akinyemi said demand for cement remained positive, supported by infrastructure development, urbanisation and sustained activity in the construction sector. He said the company would focus on capturing further volume growth opportunities while maintaining cost discipline and operational excellence.
“With a resilient operating platform, a strong balance sheet and disciplined execution of strategic priorities, the company remains well positioned to create sustainable long-term value for shareholders and other stakeholders,” he said.
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