About Honeywell
Leading Nigeria's food manufacturing industry with trusted wheat-based staples for households and businesses nationwide.
About Us
Feeding the Nation, Flour by Flour
Honeywell Flour Mills PLC (HFM) is one of Nigeria's leading food manufacturing companies, producing trusted wheat-based staples for households and businesses across the country. Established in Lagos, Nigeria, HFM operates in the heart of the consumer goods sector with a mission to feed the nation through premium wheat-based products.
With state-of-the-art production facilities in both Apapa and Sagamu, we manufacture a diverse range of high-quality food products including premium flour, semolina, whole wheat meal, noodles, and pasta. Our operations are powered by world-class technology from partners like Buhler AG and Mahlaverhanausia (Germany), ensuring the highest standards of quality, consistency, and nutritional value.
HFM's expansive distribution network spans Nigeria, supported by robust logistics and long- standing retail partnerships. As an ISO-certified company, we adhere strictly to global best practices in manufacturing and corporate governance, ensuring that every product reflects our dedication to quality, safety, and consumer satisfaction.
As a subsidiary of Flour Mills of Nigeria Plc, we leverage group-wide synergies that enhance our competitive edge and operational efficiency in an increasingly dynamic market.
Our Vision
To consistently deliver nutritious, high-quality food products to households across Nigeria and beyond.
Our Core Values
- Quality-First Manufacturing
- Innovation-Driven Operations
- Customer-Centric Service
- Sustainability & Governance
The HEED Agenda
We are committed to sustainable development through our HEED Agenda - a four-pillar approach to Corporate Social Responsibility:
- Health & Safety
- Education
- Environment
- Driving Economic Growth
These pillars align with the UN Sustainable Development Goals (SDGs), particularly:
- Zero Hunger
- Good Health and Well-being
- Quality Education
- Decent Work and Economic Growth
Investor Information
Strength in Resilience, Powered by Purpose
Honeywell Flour Mills Plc remains a key player in Nigeria's flour and food manufacturing industry. Despite macroeconomic headwinds and foreign exchange volatility in 2024, HFM demonstrated resilience and adaptability in performance.
FY 2024 Performance Highlights
- Revenue: ₦98.5 billion
- Gross Profit: ₦12.3 billion
- Net Loss: ₦63 billion
- Total Assets: ₦440.59 billion
- Shareholders' Equity: ₦22.88 billion
- Stock Price (as of March 31, 2024): ₦5.60 per share
While the company faced challenges due to foreign exchange impacts and financing costs, the company's strong gross margin underscores its resilience and continued relevance in the market. HFM's long-term strategy remains focused on operational efficiency, sustainable growth, and stakeholder value creation.
Why Invest in HFM?
- Strong brand recognition and national presence
- ISO-certified manufacturing excellence
- Strategic affiliation with Flour Mills of Nigeria Plc
- Focus on sustainability and governance
- Continued investments in technology and innovation
Governance & Accountability
We are committed to the highest standards of corporate stewardship and quality assurance, reinforcing our culture of transparency and ethical leadership. These structures support investor confidence and long-term value creation.
Visit our investor portal for full financial reports, shareholder updates, and disclosures: