Lagos, Nigeria - April 30, 2025: Beta Glass Plc (NGX: BETAGLASS), a member of the Frigoglass Group and the leading manufacturer of glass packaging for the beverage, pharmaceutical, food and cosmetics industries in West and Central Africa, has released its unaudited financial results for the first quarter ended March 31, 2025, reporting 69% year-on-year revenue growth and 594% increase in Profit After Tax. This outstanding performance is a testament to the Company's resilience and strategic focus amidst evolving market conditions.
Q1 2025 Performance Overview
Q1 2025 | Q1 2024 | Var (+/-) % | |
Net sales (N '000) | 41,164,866 | 24,309,293 | 69 |
Operating Profit (N '000) | 15,050,070 | 2,159,190 | 597 |
Operating Margin (%) | 36.6 | 8.9 | 28pp |
Profit Before Tax (N '000) | 15,217,530 | 2,060,205 | 639 |
Profit After Tax (N '000) | 9,995,745 | 2,439,409 | 594 |
EBITDA(N '000) | 16,648,558 | 3,343,142 | 398 |
EBITDA Margin (%) | 40.4 | 13.8 | 27pp |
EPS ((N per share) | 16.66 | 2.40 | 594 |
Alexander Gendis, CEO of Beta Glass Plc, commented:
"The strong performance
as driven by robust domestic demand, effective cost management, and operational efficiency. 353% gross profit gro th and 597% increase in operating profit reflect the disciplined execution of the Company's gro th strategies. We are proud of our Q1 performance, hich reflects the strength of our customer relationships, operational excellence, and strategic investments in capacity and innovation. Our teams have orked tirelessly to deliver positive results amidst evolving market dynamics. Our ne internal initiative brings our strategic vision to life, creates value, drives meaningful changes across our Organisation, and positively impacts our business. I ould like to extend my gratitude to our dedicated team, customers andstakeholders, for their continued support to Beta Glass Plc despite the macroeconomic head
inds being experienced in the country"Outlook for 2025
Beta Glass remains optimistic about sustaining its growth trajectory, supported by robust demand across key sectors, strategic market expansion, and operational excellence. The company reaffirms its commitment to creating sustainable value for shareholders, customers, and communities.
For additional information, please contact:
Investor Relations □ʌV• [email protected] | https://www.betaglass.comPress Release Created by M.Inc