Nigeria’s largest glass manufacturer, Beta Glass Plc, is looking to expand its export footprint in a new drive to boost its turnover, even as it recorded its highest full-year profit in 2025.
Net income at the Lagos-headquartered glassware and bottle manufacturer more than doubled to N33.5 billion from a year earlier, widening the profit margin from 11.6 percent in 2024 to 22.4 percent last year, according to its unaudited financial results filed on the Nigerian Exchange.
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Revenue climbed 26.8 percent to N149.12 billion, buoyed by a leap in the domestic market sales, which rose to N143.65 billion from N107.68 billion in the prior year. Export sales, however, shrank by about 45 percent to N5.47 billion even as the company ramped up exports.
The company embarked on a series of capacity expansions in 2025, including the successful furnace rebuild, code-named (DF1) at Delta Plant, which was concluded in October 2025, designed to enhance production efficiency, strengthen capacity utilisation, and support long-term operational sustainability.
It also plans to invest €17.5 million to expand capacity in Nigeria, its largest market, in a broader move to sustain its growth, Alex Gendis, chief executive officer of Beta Glass, told BusinessDay.
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“2025 marked a year of steady growth and strategic execution for Beta Glass. The completion of the DF1 furnace rebuild positions our company to strengthen operational stability and pursue sustainable growth,” Gendis said in an earnings release filed with the local bourse. “In 2026, our focus will remain on expanding our operational efficiency, export footprint, and volume.”
The glass maker aims to strengthen exports of pharmaceuticals and food packaging into nine countries, including Ghana, the Ivory Coast, Burkina Faso, Angola, Senegal, and Sierra Leone, to meet its export targets.
On the balance sheet side, Property, Plant, and Equipment nearly doubled to N69.1 billion, signalling capacity expansion with total assets expanding to N184.3 billion. That brings Return on Assets to 20.4 percent compared to 12.5 percent in the prior year.
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The company’s cash flow tells a bigger story of operational efficiency. Beta Glass generated N43.8 billion from its net cash from operations compared to N17.5 billion in 2024, widening its operating cash flow margin to 29.4 percent.
The stellar performance of the glass maker, now owned by Helios Investment Partners, an African-focused private equity firm, saw its shares gain more than 600 percent a year ago. A unit of Beta Glass sold for N420 as of the last trading day on Friday, January 30, 2026, and has since risen by about 14 percent year-to-date.
