Beta Glass Plc reported a pre-tax profit of N27.6 billion for the first half of 2025. This marks a significant 337 percent increase from the N6.3 billion posted in the same period last year.
According to the company’s unaudited interim financial statements, the glass manufacturer saw revenue climb by 63 percent year-on-year to N78.2 billion, up from N47.9 billion in the first half of 2024. In the second quarter alone, revenue rose by 57 percent to N37.1 billion, compared to N23.6 billion in Q2 2024.
While the cost of sales increased by 29 percent to N48.9 billion, it was significantly outpaced by revenue growth, expanding the company’s gross margin to 38 percent, up from 21 percent in the same period last year.