BETA GLASS : Q1 2025 UNAUDITED FINANCIAL REPORT

About this update from Beta Glass Plc.

[{"type":"text","content":"\n Beta Glass Plc Achieves 69% Year-on-Year Revenue Growth in Q1 2025\n \n \n \n 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.\n Q1 2025 Performance Overview\n \n Q1 2025\n \n \n Q1 2024\n \n \n Var (+/-) %\n \n \n Net sales (N '000)\n \n \n 41,164,866\n \n \n 24,309,293\n \n \n 69\n \n \n Operating Profit (N '000)\n \n \n 15,050,070\n \n \n 2,159,190\n \n \n 597\n \n \n Operating Margin (%)\n \n \n 36.6\n \n \n 8.9\n \n \n 28pp\n \n \n Profit Before Tax (N '000)\n \n \n 15,217,530\n \n \n 2,060,205\n \n \n 639\n \n \n Profit After Tax (N '000)\n \n \n 9,995,745\n \n \n 2,439,409\n \n \n 594\n \n \n EBITDA(N '000)\n \n \n 16,648,558\n \n \n 3,343,142\n \n \n 398\n \n \n EBITDA Margin (%)\n \n \n 40.4\n \n \n 13.8\n \n \n 27pp\n \n \n EPS ((N per share)\n \n \n 16.66\n \n \n 2.40\n \n \n 594\n \n Alexander Gendis, CEO of Beta Glass Plc, commented:\n \n \n \"The strong performance\n \n as driven by robust domestic demand, effective cost management, and operational efficiency. 353% gross profit gro\n \n \n th and 597% increase in operating profit reflect the disciplined execution of the Company's gro\n \n \n th strategies. We are proud of our Q1 performance, \n \n \n hich reflects the strength of our customer relationships, operational excellence, and strategic investments in capacity and innovation. Our teams have \n \n \n orked tirelessly to deliver positive results amidst evolving market dynamics. Our ne\n \n \n internal initiative brings our strategic vision to life, creates value, drives meaningful changes across our Organisation, and positively impacts our business. I \n \n \n ould like to extend my gratitude to our dedicated team, customers and\n stakeholders, for their continued support to Beta Glass Plc despite the macroeconomic head\n \n inds being experienced in the country\"\n Outlook for 2025\n \n \n Beta Glass remains optimistic about su...

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