Beta Glass Plc has released its unaudited interim financial statements for the six months ended June 30, 2026, showing strong second-quarter revenue growth despite a challenging operating environment.
During the second quarter of 2026, the company recorded a revenue of N42,175,741,000, representing a 13.8% increase from the N37,068,041,000 reported in Q2 2025. This growth helped lift the half-year revenue to N79,714,683,000, up 1.9% from N78,232,907,000 in the corresponding period of 2025.
However, rising costs impacted the company's bottom line. Profit after tax for Q2 2026 fell 4.0% to N8,354,603,000 from N8,706,337,000 in Q2 2025. For the first half of 2026, profit after tax declined by 13.6% to N16,157,627,000 from N18,705,346,000 in H1 2025.
Metric
Q2 2026 (N'000)
Q2 2025 (N'000)
Q2 Change
H1 2026 (N'000)
H1 2025 (N'000)
27,604,431
-11.3%
Profit After Tax
8,354,603
8,706,337
-4.0%
16,157,627
18,705,346
-13.6%
Alex Gendis, the Chief Executive Officer of Beta Glass Plc, noted that the 13.8% revenue growth in Q2 2026 was driven by sustained local and export demand. He explained that while the underlying cost base remains well managed, higher inbound logistics and input costs compressed margins during the quarter.
Gendis added that the company's dynamic pricing model will account for these factors to support margin recovery in the second half of the year. Addressing the half-year performance, he stated that the H1 2026 results are best understood against the strong base effect of 2025, when key customers frontloaded their annual requirements.
Adjusting for this, Gendis noted that the company remains on track to meet its full-year objectives and is trading ahead of internal targets. The company continues to see solid demand across both local and export markets.
