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VI
H1 2026: HBM Nigeria Declares 57% Increase in Profit After Tax
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THISDAYLIVE
Net sales grew by 31per cent in H1 2026, driven by an 11per cent volume growth, enhanced operational stability and improvement in distribution efficiency.
In his remarks, the Group Managing Director and Chief Executive Officer, HBM Nigeria, 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.
In light of this, HBM Nigeria has commenced the engineering design for its third production line at Calabar, a state-of-the-art 3-million-ton integrated cement facility.
“We plan to continue focusing on capturing volume growth opportunities while maintaining disciplined cost management and operational excellence to strengthen profitability and preserve margins.”