HBM Nigeria Plc, formerly Lafarge Africa Plc, reported profit after tax of NGN208bn (US$145m) in the first half of 2026, up 57 per cent from NGN132.68bn in the year-ago period.
Net sales increased 31 per cent YoY, supported by an 11 per cent rise in cement volumes, improved operational stability and greater distribution efficiency.
Operating profit advanced 51 per cent to NGN291bn from NGN192.27bn, while the operating margin increased to 43 per cent from 37 per cent in 1H25.
Group Managing Director and CEO Lolu Alade-Akinyemi said the company would build on its operational momentum by leveraging the industrial and technical expertise of parent company Huaxin Building Materials.
HBM Nigeria expects the domestic cement demand outlook to remain positive, supported by infrastructure development, urbanisation and continued construction activity.
