Wednesday, May 20, 2026
29.9 C
Lagos

Business

CIG Motors: Pay ₦3m For a Brand New Car in May Splash Promo on Electric, Petrol Vehicles

New campaign introduces EasyPay auto-financing, major discounts and nationwide...

Repton CEO Calls for Digital Skills Acquisition at Lagos Career Fair

Otunba Odeyeyiwa Kazeem Olayemi, GMD/CEO, Repton Group, Keynote Speaker...

Guinness Nigeria CEO Attributes Strong 2026 Start to Operational Efficiency, Localised Decision-Making

The Managing Director/CEO of Guinness Nigeria Plc, Girish Sharma...

P+ Beats Three Agencies to Win NSIA Media Intelligence Business

P + Measurement Services Limited - (P+) has won the...

Guinness Nigeria Sweeps 7th Edition of The Industry Awards, Named Most Outstanding Company in Sustainability

L-R: Olukemi Ogunsakin, Head, Corporate Communications, Sustainability & CSR,...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

NGX Shareholders Commend Leadership at 65th AGM, Seeks Continued Growth

Shareholders of Nigerian Exchange Group Plc (NGX Group) have...

NGX Group Commends Happy Woman Digital Platform Initiative, Seeks Partnership

Being text of the speech by Alhaji (Dr.) Umaru...

Nigeria’s Reforms Driving Strong Domestic Capital Mobilisation, Says NGX Group CEO

The Group Managing Director/Chief Executive Officer of Nigerian Exchange...

Insurance

Heirs Insurance Group Named among Africa’s Fastest-Growing Companies in Financial Times Ranking

Heirs Insurance Group has achieved a landmark double recognition,...

NEM to Unveil Life Assurance Firm, Reports N167 bn Premium Income in 2025

Mr. Tope Smart, Group Chairman, NEM Insurance Plc, said...

NEM Insurance Rewards Shareholders with N7.52bn Dividend amid 56% Revenue Growth

L-R: Idowu Semowo, Executive Director, Finance and Investment, NEM...

Business

CIG Motors: Pay ₦3m For a Brand New Car in May Splash Promo on Electric, Petrol Vehicles

New campaign introduces EasyPay auto-financing, major discounts and nationwide...

Repton CEO Calls for Digital Skills Acquisition at Lagos Career Fair

Otunba Odeyeyiwa Kazeem Olayemi, GMD/CEO, Repton Group, Keynote Speaker...

Guinness Nigeria CEO Attributes Strong 2026 Start to Operational Efficiency, Localised Decision-Making

The Managing Director/CEO of Guinness Nigeria Plc, Girish Sharma...

P+ Beats Three Agencies to Win NSIA Media Intelligence Business

P + Measurement Services Limited - (P+) has won the...

Guinness Nigeria Sweeps 7th Edition of The Industry Awards, Named Most Outstanding Company in Sustainability

L-R: Olukemi Ogunsakin, Head, Corporate Communications, Sustainability & CSR,...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

NGX Shareholders Commend Leadership at 65th AGM, Seeks Continued Growth

Shareholders of Nigerian Exchange Group Plc (NGX Group) have...

NGX Group Commends Happy Woman Digital Platform Initiative, Seeks Partnership

Being text of the speech by Alhaji (Dr.) Umaru...

Nigeria’s Reforms Driving Strong Domestic Capital Mobilisation, Says NGX Group CEO

The Group Managing Director/Chief Executive Officer of Nigerian Exchange...

Insurance

Heirs Insurance Group Named among Africa’s Fastest-Growing Companies in Financial Times Ranking

Heirs Insurance Group has achieved a landmark double recognition,...

NEM to Unveil Life Assurance Firm, Reports N167 bn Premium Income in 2025

Mr. Tope Smart, Group Chairman, NEM Insurance Plc, said...

NEM Insurance Rewards Shareholders with N7.52bn Dividend amid 56% Revenue Growth

L-R: Idowu Semowo, Executive Director, Finance and Investment, NEM...

Beta Glass Reports Revenue of N149.1bn in Audited Results for 2025

Beta Glass Plc, the leading glass container manufacturer in West and Central Africa, is pleased to announce that its Board of Directors has approved the Company’s Audited Financial Statements (AFS) for the financial year ended December 31, 2025, reporting solid revenue growth and reaffirming the Company’s commitment to its core pillars of operational excellence, innovation, and sustainable business practices.

Key Highlights:

 

N’000 Year ended December 2025 Year ended December 2024 +/-%
Revenue from contracts with customers 149,122,525 117,580,184 +27%
Gross profit 52,663,718 30,757,712 +71%
Operating Profit 48,092,894 23,555,671 +104%
Profit Before Taxation 50,541,595 19,903,373 +154%
Profit for the Year 33,245,317 13,626,830 +144%

 

Revenue: For the 2025 financial year, Beta Glass recorded revenue of ₦149.12 billion, compared with ₦117.58 billion in 2024, representing a 27% year-on-year increase. This growth reflects continued demand for the Company’s glass packaging products across key sectors of the Nigerian economy.

Margins: In 2025, the Company’s Gross Margin improved from 26.3% in 2024 to 35.3% while Operating Margin improved from 20.0% to 32.3%. This significant improvement in margins reflects improved operating efficiency and effective cost management.

Profit After Tax (PAT): The Company reported Profit After Tax of ₦33.25 billion, representing a 144% year-on-year increase from ₦13.63 billion recorded in 2024, demonstrating the resilience of its operations despite evolving global and regional market conditions.

Earnings Per Share (EPS): Earnings per share for the year stood at ₦55.41, representing a 144% year-on-year increase from ₦22.71 in 2024.

“This year’s results reflect the resilience of our business model and the successful execution of our strategic initiatives. Despite market challenges, our commitment to delivering value to our shareholders was and remains strong. Our performance was underpinned by improved production efficiency, effective cost management, and a clear focus on our key customers and segments. At the same time, we continued to invest significantly in our asset base, with the rebuild of our furnace in Delta, positioning the business for sustainable long-term growth.” said Alex Gendis, Chief Executive Officer of Beta Glass Plc.

The Board noted that the Company continues to monitor global developments, including geopolitical tensions and their potential impact on energy costs and supply chains, while maintaining confidence in the Company’s operational resilience and long-term growth strategy.

The full Audited Financial Statements are available on the website https://www.betaglass.com/ and the Nigerian Exchange Group https://ngxgroup.com/.

 

About Beta Glass Plc

Beta Glass Plc is a leading manufacturer of quality glass packaging solutions for the beverage, pharmaceutical, and food industries in West and Central Africa.

The company is committed to innovation, sustainability, and delivering high-performance packaging solutions that support product integrity while promoting environmental responsibility.

Hot this week

CIG Motors: Pay ₦3m For a Brand New Car in May Splash Promo on Electric, Petrol Vehicles

New campaign introduces EasyPay auto-financing, major discounts and nationwide...

Understanding Why Corporates Need Credit Rating

In today’s dynamic financial landscape, silence leaves room for...

Distinguished Industry Veteran, Olusola Teniola, to Chair NDSF 2026

The organising committee of the 2026 Nigeria DigitalSENSE Forum...

The Nigeria Prize for Science & Innovation Hits New Peak as 2026 Edition Attracts 237 Entries

The 2026 edition of The Nigeria Prize for Science...

Heirs Insurance Group Named among Africa’s Fastest-Growing Companies in Financial Times Ranking

Heirs Insurance Group has achieved a landmark double recognition,...

Topics

Agriculture Fund Plans 17 New Agribusiness SME Projects in Nigeria, Others

The African Development Bank will launch 17 new grant...

Stanbic IBTC Bank, LOXEA BYD forge alliance for Electric Vehicle Financing

In a strategic move to advance Nigeria’s shift toward...

DAWN Commission, AACC Sign MOU on Bilateral Trade, Investment

Mr. Seye Oyeleye, Director General, DAWN Commission; and Prince...

Corruption: A Burden on Nigerian Businesses—Allianz Report

The Allianz Risk Barometer 2018 report reveals theft, fraud and corruption as the...

NGX Admits Aradel Holdings to Main Board, Boosts Market Capitalisation by N3.05tn

Aradel Holdings Plc, an integrated energy company, listed 4.34...

Wema Bank Named ‘Best Performing Financial Stock in 2022’ – Report

Wema Bank Plc emerged as the best-performing financial stock...

‘FG Should Revisit Failed Bank Act to Tackle Fake Loans’ – AMCON

Worried by the resurgent of huge toxic loans in...

NCDMB, BOI Launch $50m Fund for Oil Industry Manufacturing

  The Nigerian Content Development and Monitoring Board (NCDMB) and...
Exit mobile version