HBM Nigeria Plc, previously Lafarge Africa Plc, a number one supplier of progressive constructing options and producer of a variety of cement, prepared combine, mortar and Plaster of Paris manufacturers has declared a Profit After Tax (PAT) of N272billion representing a 31% development in its 9M 2026 efficiency. Net gross sales grew by 19% in 9M 2026, pushed by quantity development, enhanced operational stability and enchancment in distribution effectivity. Operating revenue throughout the interval grew by 28% to shut at N383billion and was supported by wholesome top-line development and sustained effectivity good points throughout the enterprise whereas working margin rose to 41% from 38% in 9M 2025.
The GMD/CEO of HBM Nigeria Plc, Lolu Alade-Akinyemi, stated: “Our 9M 2026 outcomes verify that we stay firmly on monitor to ship our full-year goals. Net Sales grew 19% year-on-year to ₦928 billion, Operating Profit rose 28% to ₦383 billion, and Profit After Tax elevated 31% to ₦272 billion. This efficiency displays sustained quantity development, improved distribution effectivity, and disciplined value administration throughout the enterprise.
Third-quarter efficiency was moderated by deliberate intensive upkeep at our present crops to appropriate restriction of output and unlock efficient capability accessibility. As a outcome, Q3 closed with a Net Sales of ₦250 billion and Profit After Tax of ₦64 billion, a decline of 5% and 15%, respectively, in comparison with the identical interval final yr. The upkeep work strengthens the reliability, effectivity and will increase utilization of our present property; as we enter This fall, historically a interval of stronger demand, we’re nicely positioned to seize the demand now and in the longer term.
Further, Alade-Akinyemi acknowledged that the corporate’s strategic priorities stay centered on enhancing provide reliability, reinforcing value management, fostering innovation, advancing sustainability initiatives, and upholding world-class well being and security requirements throughout our operations.
The firm leverages the economic and technical experience of Huaxin Building Materials Group Co., Ltd to drive operational excellence and enhance effectivity throughout the enterprise and continues to train disciplined capital allocation, keep rigorous value management, and make investments selectively in alternatives that help our long-term development technique.
On the enterprise outlook for the remainder of the yr, Alade-Akinyemi acknowledged that the growth of the Sagamu, Ogun State (3.5MTPA) and Ashaka, Gombe State (2MTPA) crops are on monitor and at a sophisticated stage, anticipated to be delivered in Q1 2027. He additionally introduced that HBM Nigeria has commenced the engineering design for its third manufacturing line at Calabar, a state-of-the-art 3-million-ton built-in cement facility. The venture is progressing by the requisite growth processes, with completion anticipated inside 12 months following graduation of building.
HBM Nigeria will proceed to concentrate on capturing quantity development alternatives whereas sustaining disciplined value administration and operational excellence to strengthen profitability and protect margins. Supported by a resilient working platform, a robust stability sheet, and disciplined execution of our strategic priorities, the corporate is nicely positioned to create sustainable long-term worth for its shareholders and all its stakeholders.
