Beta Glass Reports N50.5 Billion Profit for 2025

Beta Glass announced an audited pretax profit of N50.5 billion for the 2025 financial year, marking a significant increase of N19.9 billion compared to the record profit of 2024. This growth was primarily supported by stronger revenue from bottle glass sales, which rose to N149.1 billion, reflecting a 26.83% increase compared to the previous year.

Additionally, revenue income was bolstered by lower foreign exchange expenses and financial income, contributing to a rise in earnings per share from N22.71 to N55.41. CEO Alex Gendi highlighted that improved product efficiency and cost management focused on key customer segments drove the company's performance.

A closer look at the financials revealed that local sales accounted for 96% of total revenue at N143.6 billion, while exports contributed N5.4 billion. The company also recorded a credit loss reversal of N946.2 million, mainly due to transport gains, supporting an operational profit of N48 billion.

Despite these positive results, Beta Glass's stock traded flat on the Nigerian Exchange, with its share price currently at N498.5.