Beta Glass Plc has reported a pretax profit of N12.3 billion for the second quarter ended June 30, 2025, up 191.32% from N4.2 billion recorded in the same period last year.

The result brought half-year pretax profit to N27.6 billion, compared to N6.3 billion in H1 2024, largely driven by increased sales.

Quarterly revenue rose to N37 billion, reflecting a 57.2% year-on-year increase, while total half-year revenue reached N78.2 billion, up 63.38% from the same period last year.

The company’s earnings came entirely from the sale of glassware and bottles.

Production costs also moved higher, with the cost of sales in Q2 rising to N23.6 billion, a 37.86% increase from the previous year.

Administrative expenses doubled to N2.5 billion, compared to N1.2 billion in the same period last year.

The company recorded N1.4 billion in finance costs, mainly from interest expenses, but still ended the quarter with a net profit of N8.7 billion, representing a 203.5% increase year-on-year.

On the balance sheet, total assets grew by 26.08% to N169.3 billion, while retained earnings rose 27.43% to N78.6 billion.

As of the trading day ended August 1, 2025, shares of the company were priced at N408.5 with a year-to-date performance of 529.43%.