Beta Glass Beats Estimates, Grows Earning Per Share By 594% In Q1

Beta Glass Plc earnings per share soared by more than 594% year on year to N16.66 for the first quarter of 2025.

The glass manufacturing giant posted significant growth across all key financial metrics, showcasing remarkable momentum that reinforces investor confidence and underpins a bullish outlook for the year. Beta Glass recorded a staggering 69% increase in net sales, rising to N41.16 billion from N24.31 billion in Q1 2024.

This impressive growth is attributed to increased demand for packaging solutions across its core market segments, improved pricing strategies, and continued expansion in both domestic and export markets.

The company’s operating profit witnessed an extraordinary jump, climbing to N15.05 billion compared to just N2.16 billion in the same period last year.

This 597% year-on-year increase highlights Beta Glass’ successful cost optimisation measures and operational leverage, especially as energy costs and input prices remain volatile in the manufacturing sector.

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Furthermore, operating profit margin improved significantly, reaching 36.6%. This represented a positive swing of 28 percentage points, signaling not only higher revenue retention but also enhanced productivity and value extraction from core operations.

Beta Glass also reported sharp improvements in both its pre-tax and post-tax earnings. Profit before tax climbed to N15.22 billion, while profit after tax surged even higher to N16.65 billion.

These figures further solidify the company’s robust earnings capacity and highlight its ability to translate top-line growth into bottom-line profitability.

The company’s earnings before interest, tax, depreciation, and amortisation (EBITDA) also grew remarkably, hitting N16.65 billion — up from N3.34 billion in Q1 2024.