Betaglass Posts N16.2bn Profit in H1-2026
Beta Glass Plc’s net profit settled at about N16.2 billion in the first half of the financial year 2026, down about 14% year-on-year amid a tough operating environment in Nigeria.
The company reported a 13.8% surge in revenue to ₦42.18 billion in Q2, from ₦37.07 billion in Q2 2025. First half revenue surged 1.9% to ₦79.71 billion, from ₦78.23 billion recorded in H1 2025.
Beta Glass said its performance reflects sustained customer demand, improved commercial execution, and the Company’s continued focus on operational excellence.
In Q2, the company’s post-tax profit printed at ₦8.35 billion, reflecting continued operational discipline and the ability to navigate a dynamic operating environment.
The company recorded ₦16.16 billion as profit after tax, translating to ₦26.93 earnings per share for H1 2026, amidst plans to boost shareholder returns.
Commenting on the results, the Chief Executive Officer of Beta Glass Plc, Alex Gendis, said: “Our 13.8% revenue growth in Q2 2026 was supported by sustained customer demand both locally and from export sales.
“Our underlying cost base remains well managed, but higher inbound logistics and input costs weighed on margins during Q2 2026. Going forward, our dynamic pricing model will account for these factors; we expect this to progressively support margin recovery over the second half of the year.
“Our HI 2026 performance is best understood against the base effect of 2025, when several key customers frontloaded a significant share of their annual requirements early in the year, creating an unusually strong comparative base.
“Adjusting for this, we remain on track to meet our full-year objectives and are trading ahead of our internal targets.
“We continue to see solid demand across both our local and export markets and remain focused on delivering the highest quality glass products, operational excellence and service that our customers have come to expect from Beta Glass.”
