HBM Nigeria Delivers Record H1 2026 With 31% Revenue Growth and 57% Jump in Profit
HBM Nigeria Plc, formerly Lafarge Africa Plc, a leading provider of innovative building solutions and manufacturer of a wide range of cement, ready mix, mortar and Plaster of Paris brands has declared a Profit After Tax (PAT) of N208billion representing a 57% growth for the first half of 2026.
Net sales grew by 31% in H1 2026, driven by an 11% volume growth, enhanced operational stability and improvement in distribution efficiency.
Operating profit during the period grew by 51% to close at N291billion and was supported by sustained efficiency gains across the business while operating margin soared to 43% from 37% in H1 2025.
In his remarks, the Group Managing Director and Chief Executive Officer, HBM Nigeria Plc, Lolu Alade-Akinyemi said: "Our H1 2026 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 further stated 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.
On HBM Nigeria’s business outlook for the rest of the year, Alade-Akinyemi continued: ‘Nigeria's demand outlook for cement 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,
HBM Nigeria PLC is a member of Huaxin Building Materials Limited — an integrated world building materials provider. HBM Nigeria PLC, established in 1959, is a publicly quoted company on the Premium Board of The Nigerian Exchange Limited (NGX) and serves the Nigerian construction market with a wide range of building and construction solutions. HBM Nigeria PLC is committed to sustainable development and is a key driver of infrastructure projects.
Huaxin Building Materials Limited is a publicly listed company on both Shanghai and Hong Kong Stock Exchanges and is one of the top ten cement manufacturers globally.
HBM Nigeria Plc has four major production plants in Nigeria and the widest cement operations footprint in Nigeria with plants in the South West (Ewekoro and Sagamu in Ogun State), North East (Ashaka, in Gombe State), South East (Mfamosing, Cross Rivers State), with Ready-Mix operations in Lagos, Abuja, and Port Harcourt. HBM Nigeria PLC has a current installed cement production capacity of 10.5Mtpa.
HBM Nigeria Plc, leverages on its innovative expertise to provide value-added products and services solutions in the building and construction industry in Nigeria. Additional information is available on the website at www.hbmngplc.com