WorldStage Newsonline– Beta Glass Plc, manufacturer of glass packaging for the beverage, pharmaceutical, food and cosmetics industries in West and Central Africa, has reported 594 per cent jump in profit from N2.44 billion in first quarter of 2024 to N9.99 billion in 2025
The company in a corporate disclosure released through the Nigerian Exchange Ltd said revenue grew 69 per cent in the first quarter of the year from N24.31 billion in the first quarter of 2024 to N41.16 billion in 2025.
Its profit before tax rose by 639 per cent from N2.06 billion in first quarter of 2024 as against N15.22 billion recorded in first quarter of the year.
Its Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) witnessed 398 per cent growth from N3.34 billion in first quarter of 2024 to N16,65 billion in same period of 2025.
Also, the EBITDA margin increased from 13.8 per cent in first quarter of 2024 to 40.4 per cent in 2025.
Commenting on the report, Mr Alexander Gendis, Chief Executive Officer of Beta Glass Plc, said, “The strong performance was driven by robust domestic demand, effective cost management, and operational efficiency.
“This include a 353 per cent gross profit growth and 597 per cent increase in operating profit reflect the disciplined execution of the company’s growth strategies.
“We are proud of our Q1 performance, which reflects the strength of our customer relationships, operational excellence, and strategic investments in capacity and innovation.
“Our teams have worked tirelessly to deliver positive results amidst evolving market dynamics.
“Our new internal initiative brings our strategic vision to life, creates value, drives meaningful changes across our organisation, and positively impacts our business.
“I would like to extend my gratitude to our dedicated team, customers and stakeholders, for their continued support to Beta Glass Plc despite the macroeconomic headwinds being experienced in the country.”
Speaking on the 2025 outlook, Gendis said, Beta Glass remains optimistic about sustaining its growth trajectory, supported by robust demand across key sectors, strategic market expansion, and operational excellence.
“The company reaffirms its commitment to creating sustainable value for shareholders, customers and communities.”
