WorldStage– Beta Glass Plc, a leading manufacturer of glass bottles and containers listed on the Nigerian Exchange Group (NGX), has released its unaudited interim financial statements for the six months ended 30 June 2026 with profit after tax declining by 13.62% to ₦16.16 billion from ₦18.71 billion.
This resulted in basic and diluted earnings per share of ₦26.93 (H1 2025: ₦31.18).
The interim results prepared in accordance with IFRS Accounting Standards and IAS 34 Interim Financial Reporting filed on the NGX showed a revenue of ₦79.71 billion for the half-year period, a modest increase from ₦78.23 billion in the corresponding period of 2025.
Gross profit stood at ₦28.07 billion, compared with ₦29.38 billion a year earlier.
Operating profit came in at ₦25.53 billion (H1 2025: ₦26.85 billion).
After accounting for net finance costs and foreign exchange losses, profit before tax was ₦24.48 billion, down from ₦27.60 billion in the prior-year period.
In the second quarter alone (April–June 2026), revenue rose more strongly to ₦42.18 billion from ₦37.07 billion in Q2 2025.
Gross profit increased to ₦14.37 billion (Q2 2025: ₦13.38 billion), while profit after tax was ₦8.35 billion compared with ₦8.71 billion a year earlier.
Quarterly EPS stood at ₦13.93 versus ₦14.51 in the same quarter of 2025.
Beta Glass Plc manufactures, distributes and sells glass packaging for soft drinks, breweries, wine and spirits, pharmaceuticals, food and cosmetics companies. It operates plants in Agbara, Ogun State, and Ughelli, Delta State, and exports to markets including Ghana, Guinea, Liberia and Togo.
The company is a subsidiary of Packaging Industries (Nigeria) Limited (formerly Frigoglass Industries (Nigeria) Limited), which holds a 61.9% stake. Its ultimate controlling party is Helios Investors V Holdco Limited.
