HBM Nigeria Plc has reported a strong financial performance for the first half of 2026, posting a profit after tax of ₦208 billion, representing a 57 percent increase from the corresponding period last year as higher sales volumes and improved operating efficiency strengthened earnings.
The building materials manufacturer, formerly known as Lafarge Africa Plc, also recorded a 31 percent increase in net sales during the six-month period, supported by an 11 percent growth in sales volume, enhanced operational stability and improved distribution efficiency. Operating profit rose by 51 percent to ₦291 billion, while operating margin improved to 43 percent from 37 percent recorded in the first half of 2025.
The company attributed the improved performance to disciplined cost management and stronger operational execution across its business. Brandspur Brand News reports that HBM Nigeria is leveraging efficiency gains and strategic investments to strengthen profitability while expanding production capacity.
As part of its long-term growth strategy, the company has commenced engineering design work for a third production line at its Calabar facility. The planned project will deliver a three-million-ton integrated cement production plant and is expected to be completed within 12 months after construction begins, subject to the necessary development approvals.
HBM Nigeria said it also intends to leverage the industrial and technical expertise of its parent company, Huaxin Building Materials Ltd, to improve operational performance and accelerate efficiency across its manufacturing operations.
Looking ahead, the company expressed confidence in the outlook for Nigeria’s cement market, citing continued infrastructure development, urbanisation and resilient activity within the construction sector as key drivers of demand. Management expects improving macroeconomic conditions to support sustainable growth across its major market segments.
The company said it will continue pursuing volume growth opportunities while maintaining strict cost discipline and operational excellence to preserve margins, strengthen profitability and create long-term value for shareholders through its resilient operating platform and strong balance sheet.
