Beta Glass Plc recorded a 6.39% decline in pre-tax profit to N37.64 billion for the nine months ended September 30, 2026, compared with N40.32 billion in the corresponding period of 2025, as higher finance costs and foreign exchange losses offset growth in operating profit.
According to the company’s unaudited third-quarter financial statements filed with the Nigerian Exchange (NGX), revenue increased by 4.98% to N120.08 billion from N114.38 billion.
Profit after tax declined by 8.44% to N24.93 billion from N27.22 billion, while earnings per share fell to N41.55 from N45.38, despite an improvement in third-quarter earnings.
Beta Glass recorded a 1.23% increase in operating profit to N39.25 billion, but higher financing expenses and currency losses weighed on pre-tax earnings.
Factory salaries increased by 26.65% to N4.59 billion, although fuel, gas and electricity costs declined by 5.31% to N23.22 billion. Other income also fell by 38.82% to N1.98 billion, adding to the pressure on pre-tax profitability.
Beta Glass recorded stronger earnings in the third quarter, with pre-tax profit increasing by 3.50% to N13.16 billion from N12.71 billion in the corresponding period of 2025.
Exports accounted for approximately 6% of nine-month revenue, compared with 3.8% a year earlier, while Nigerian Bottling Company contributed N28.80 billion, representing 24% of revenue.
For context, Beta Glass reported a full-year 2025 pre-tax profit of N50.54 billion, meaning the latest nine-month result represents approximately 74% of that amount.
Beta Glass recorded a decline in operating cash flow to N22.38 billion from N31.65 billion in the corresponding period of 2025, despite reporting higher cash balances.
Although the reduction in net debt strengthens the balance sheet, the increase in inventories and receivables highlights the importance of converting reported earnings into operating cash.
Improvement in third-quarter operating performance can offset financing costs and foreign exchange losses in subsequent reporting periods.
