Beta Glass Plc (“the Company“), the leading glass container manufacturer in West and Central Africa, is pleased to announce that its Board of Directors has released the Unaudited Interim Results for the three months ended 31 March 2026.
Despite a challenging operating environment, the Company delivered a robust performance in the first quarter of 2026, underpinned by strong operational discipline, improved financing structure and continued focus on manufacturing excellence.
Key Highlights:
Revenue: The Company recorded revenue of ₦37.54 billion in Q1 2026 compared with ₦41.16 billion in Q1 2025.
Profit After Tax (PAT): The Company reported Profit After Tax of ₦7.85 billion, representing a -21.48% year-on-year change from ₦9.99 billion recorded in Q1 2025.
Earnings Per Share (EPS): Earnings Per Share (EPS) stood at ₦13.08 for the quarter, representing a -21.48%% year-on-year change from ₦16.66 recorded in Q1 2025, reflecting prevailing market conditions.
Total Equity: Total Equity increased to ₦104.12 billion as at 31 March 2026, from ₦96.27 billion at the end of 2025.
In his remarks, Alex Gendis, Chief Executive Officer of Beta Glass Plc, stated, “Our first quarter performance reflects the resilience of Beta Glass and the strength of our operating model. Despite a challenging and unpredictable environment, we sustained profitability and maintained a strong balance sheet. Our Q1 2026 performance was in line with our expectations.
Our Q1 2026 performance versus Q1 2025 is primarily driven by stabilization in customer ordering patterns versus the same period last year, where there was significant stock build-up activity by a few key clients. Our focus remains on driving operational efficiency, deepening customer partnerships, and positioning the business for sustainable long-term growth.
The team has executed with discipline to secure a robust raw material and inventory pipeline, ensuring clear visibility and continuity of supply to our valued customers amid ongoing global supply chain uncertainty and cost pressures.”
The Unaudited Interim Financial Statements for the three months ended 31 March 2026 are available on the Company’s website at www.betaglass.com.
