Beta Glass posts 154.5% jump in pre-tax profit in FY2025

NIGERIA – Beta Glass Plc has reported a sharp rebound in profitability, posting a 154.5% year-on-year increase in profit before tax to N50.66 billion (US$36.94m) for the financial year ended December 31, 2025, up from N19.90 billion (US$14.51m) in the previous year.

The glass packaging manufacturer disclosed the results in its unaudited financial statements released to the Nigerian Exchange (NGX) on January 30, 2026, pointing to a combination of revenue growth, improved production stability, and disciplined pricing across its beverage, pharmaceutical, and food packaging segments.

Revenue for the year rose by 26.8% to N149.12 billion (US$108.74m), compared with N117.58 billion (US$85.74m) in FY 2024, reflecting sustained demand from Nigeria’s fast-moving consumer goods (FMCG) and healthcare sectors.

Gross profit climbed by 71.2% year-on-year to N52.66 billion (US$38.40m), while operating profit nearly doubled to N47.02 billion (US$34.29m), underscoring stronger operating leverage and cost control.

Profit after tax stood at N33.46 billion (US$24.40m), representing a 145.5% increase, while operating cash flow surged by about 150% to N43.77 billion (US$31.92m).

Total assets expanded by 37.2% to N184.30 billion (US$134.39m), driven largely by heavy investment in property, plant, and equipment, even as total liabilities increased to N87.82 billion (US$64.04m) from N69.56 billion (US$50.72m) a year earlier.

Quarterly performance remained solid, with fourth-quarter revenue of N34.74 billion (US$25.33m).

Gross profit for the quarter rose 71.2% year-on-year to N10.77 billion (US$7.85m), while profit before tax increased by 38% compared to Q4 2024, indicating sustained margin expansion into the final months of the year.

Management attributed the strong performance to disciplined execution and strategic capital projects.

Chief Financial Officer Hélène Paradisi said the results reflected “optimized operational performance and liquidity management,” adding that the growth in revenue and gross profit reinforced the company’s focus on long-term value creation.

Chief Executive Officer Alexander Gendis highlighted the successful rebuild of the Delta Plant furnace (DF1), completed in October 2025 in a record 48 days, as a key milestone expected to support efficiency and sustainability over the long term.

The improved earnings have translated into higher shareholder returns. Dividends paid in 2025 amounted to N1.64 billion, compared with N0.84 billion in 2024, continuing a trend of rising payouts supported by stronger cash generation.

Last year, the company was bought by Helios Investment Partners in a deal valued at up US$116.32 million.

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