Despite the macroeconomic challenges in Nigeria, Beta Glass Plc demonstrated resilient, closing the first half of 2025 strong with a 334 per cent surge in profit after tax after an impressive 337 per cent rise in pre-tax profit.
In the financial statements submitted to the Nigerian Exchange (NGX) Limited, the leading manufacturer of glass packaging solutions in West and Central Africa recorded a profit before tax of NN27.6 billion versus the N6.3 billion posted in the same period of 2024, and ...-tax profit went up to N18.7 billion from N4.3 billion.
In the period under review, Beta Glass reported a 63 per cent increase in revenue to N78.2 billion from N47.9 billion, and the operating profit rose by 278 per cent to N26.9 billion from N7.1 billion.
The company noted that its strong H1 2025 performance was driven by increased market demand for glass packaging in its key sectors, strategic operational efficiencies and effective pricing, amidst several challenges, persistent inflationary pressures, and rising energy costs.
“We are very proud of our half year results; delivering double-digit growth in revenue and triple-digit growth in profitability despite a challenging environment. This performance is an affirmation of our market strength across West and Central Africa,” the chief executive of Beta Glass, Mr Alexander Gendis, said.
He further noted the organisation’s continued investment in long-term growth drivers, including the deployment of a solar power plant at its Agbara facility in Ogun State, aimed at mitigating energy costs and advancing the firm’s sustainability agenda.
“Looking ahead, we remain optimistic about the rest of 2025. We are confident that our focus on operational excellence, sustainable energy investments and expanding our product portfolio will continue to drive value for all stakeholders,” he added.