Firm delivers robust financial performance in Q1 2026
Beta Glass Plc has released its unaudited interim results for the first quarter ended March 31, 2026, reporting a resilient performance despite a challenging operating environment. The company recorded revenue
Beta Glass Plc has released its unaudited interim results for the first quarter ended March 31, 2026, reporting a resilient performance despite a challenging operating environment.
The company recorded revenue of ₦37.54 billion in Q1 2026, down from ₦41.16 billion in the corresponding period of 2025.
Profit after tax stood at ₦7.85 billion, representing a 21.48 per cent year-on-year decline from ₦9.99 billion recorded in Q1 2025. Earnings per share (EPS) also fell by 21.48 per cent to ₦13.08, compared with ₦16.66 in the same period last year.
Total equity, however, rose to ₦104.12 billion as at March 31, 2026, up from ₦96.27 billion at the end of 2025.
Commenting on the performance, Chief Executive Officer of Beta Glass Plc, Alex Gendis, said the results reflect the company’s resilience and the strength of its operating model.
“Our first quarter performance demonstrates sustained profitability and a strong balance sheet despite a challenging and unpredictable environment. The results are in line with our expectations,” he said.
Gendis attributed the year-on-year performance to stabilisation in customer ordering patterns, following significant stock build-up by key clients in the same period last year.
He added that the company remains focused on driving operational efficiency, strengthening customer relationships and positioning the business for sustainable long-term growth.
According to him, the company has maintained a robust raw material and inventory pipeline to ensure supply continuity for customers amid ongoing global supply chain disruptions and cost pressures.
