HBM Nigeria Plc Proposes N96.64 Billion Dividend Payment to Shareholders
Annual General Meeting held on Thursday, April 30, 2026, at the Civic Centre, Victoria Island, Lagos.

The Board of Directors of HBM Nigeria Plc, a leading provider of innovative and sustainable building solutions and manufacturer of a wide range of cement, ready-mix, mortar, and Plaster of Paris brands, has recommended a total dividend of ₦96.64 billion for its shareholders for the 2025 financial year. This represents a 100% payout, with each shareholder set to receive a final dividend of ₦6.00 per share, following an interim dividend of ₦4.00 per share paid earlier in the year, bringing the total dividend payout to ₦10.00 per share.

Addressing shareholders, the Chairman of HBM Nigeria Plc, Gbenga Oyebode, MFR, described the 2025 financial year results as a defining milestone in the company's history, marked by exceptional growth and the achievement of several significant financial and operational milestones.

"For the 2025 financial year, net sales rose 53%, driven by volume growth, improved plant stability, and enhanced distribution efficiency. Operating profit for the year grew by 103% from N193.01 billion recorded in the 2024 financial year to N392.10 billion, reflecting strong top-line momentum and continued execution of cost and efficiency initiatives. This strong performance was supported by improving macroeconomic stability, increased infrastructure activity across the country, and our continued focus on operational excellence and engaged customer experience," Oyebode said.

He added that the payment of dividends by the company reflects the board's commitment to delivering sustainable shareholder returns while maintaining a prudent balance between reinvestment and preserving a strong financial position to support future growth.

In his remarks, the Group Managing Director/Chief Executive Officer, HBM Nigeria Plc, Lolu Alade-Akinyemi, expressed gratitude to shareholders and stakeholders for their continued trust and support, attributing the company's robust performance to the disciplined execution of its strategic priorities.

Alade-Akinyemi reaffirmed the company's commitment to maintaining a prudent and agile approach to capital allocation and cost management, while positioning the business to capitalise on emerging market opportunities.

A shareholder and member of the Pragmatic Shareholders Association of Nigeria (PSAN), Oluyemisi Bakare, commended the board and management of HBM Nigeria Plc for the exceptional performance recorded during the 2025 financial year, which has led to the payment of dividends. Bakare urged the board and management to sustain the performance trajectory to enable shareholders to benefit more from dividend payments.

About HBM Nigeria Plc: HBM Nigeria Plc, a member of Huaxin Group, is a leading provider of innovative and sustainable building solutions in Nigeria. Established in 1959 and listed on the Premium Board of the Nigerian Exchange Limited, HBM Nigeria operates cement plants in Sagamu and Ewekoro (Ogun State), Ashaka (Gombe State), and Mfamosing (Cross River State), with an installed production capacity of 10.5 million metric tonnes per annum.