Beta Glass Plc delivers financial performance in Q1 2026
Beta Glass Plc has released the unaudited interim results for the first quarter of the year, which ended March 31, 2026. Despite a challenging operating environment, the company delivered an
Beta Glass Plc has released the unaudited interim results for the first quarter of the year, which ended March 31, 2026.
Despite a challenging operating environment, the company delivered an impressive performance in the first quarter of 2026, underpinned by strong operational discipline, improved financing structure and continued focus on manufacturing excellence.
According to the report the company recorded revenue of N37.54 billion in Q1 2026 compared with N41.16 billion in Q1 2025.
The company reported profit after tax of N7.85 billion, representing a -21.48 percent year-on-year change from N9.99 billion recorded in Q1 2025.
Earnings Per Share (EPS) stood at N13.08 for the quarter, representing a -21.48 percent year-on-year change from N16.66 recorded in Q1 2025, reflecting prevailing market conditions.
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Total Equity increased to ₦104.12 billion as at March 31, 2026, from ₦96.27 billion at the end of 2025.
In his remarks, Chief Executive Officer of Beta Glass Plc, Alex Gendis stated, “Our first quarter performance reflects the resilience of Beta Glass and the strength of our operating model. Despite a challenging and unpredictable environment, e sustained profitability and maintained a strong balance sheet. Our Q1 2026 performance as 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, as 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.”
