Beta Glass Plc has launched its interim monetary statements for the primary quarter ended thirty first March 2025, reporting a pre-tax revenue of N15.2 billion.
This marks a rise of 638.64% from N2.06 billion in the identical interval final 12 months—pushed primarily by robust income development.
Income, constituted completely by the corporate’s core enterprise of glassware and bottle gross sales, rose to N41.1 billion within the first quarter of 2025, marking a 69.34% improve from N24.3 billion in Q1 2024.
- Regionally, gross sales inside Nigeria accounted for the majority of this income at N39.6 billion, up 116.26% from the earlier 12 months, whereas export income stood at N1.5 billion.
The price of gross sales additionally rose, reaching N25.1 billion, a 21.12% improve from N20.7 billion in Q1 2024.
- Regardless of this, gross revenue elevated to N16 billion, in comparison with N3.5 billion a 12 months earlier.
Much less favorably, administrative bills grew to N1.5 billion, a 67.29% improve from N912.3 million within the corresponding interval final 12 months.
- Nonetheless, working revenue rose to N15.05 billion, up 597.02% year-over-year.
Additionally reported, finance earnings improved to N2.5 billion, a 62.83% improve, whereas finance prices rose to N2.3 billion, up 39.62% from the identical interval in 2024.
As of the tip of the quarter, whole belongings stood at N142.07 billion, in comparison with N134.3 billion in Q1 2024. Retained earnings additionally elevated to N71.7 billion, up 16.19% year-over-year.
Highlights:
- Income: N41.1 billion, +69.34% YoY
- Price of gross sales: N25.1 billion, +21.12% YoY
- Gross revenue: N16 billion, +352.52% YoY
- Administrative bills: N1.5 billion, +67.29% YoY
- Working revenue: N15 billion, +597.02% YoY
- Pre-tax revenue: N15.2 billion, +638.64% YoY
- Retained earnings: N71.7 billion, +16.19% YoY
As of the buying and selling day ended 2nd Might 2025, Beta Glass was priced at N109.80, with a year-to-date efficiency of 69.18%.
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