Operating profit also rose by 15% to N13.73bn, compared with N11.93bn in the same period last year. However, profit after tax grew by a modest 2.9% to N8.77bn from N8.52bn, while profit before tax increased by 3.5% to N13.16bn from N12.71bn.\n<\/p>\n
The company said the stronger gross profit performance lifted its gross margin to 37.6% in Q3 2026, compared with 34.6% in Q3 2025. Its EBITDA margin also improved to 40.8% from 37.6% in the corresponding quarter.<\/p>\n
For the nine months ended September, Beta Glass generated revenue of N120.08bn, representing a 5% increase from the corresponding period of 2025.\n<\/p>\n
The financial statements showed that gross profit increased by 3.2% to N43.25bn from N41.89bn, while operating profit rose by 1.2% to N39.25bn from N38.78bn.\n<\/p>\n
However, profit before tax declined by 6.6% to N37.64bn from N40.32bn, while profit after tax fell by 8.4% to N24.93bn from N27.22bn. Earnings per share also declined by 8.4% to N41.55 from N45.38.\n<\/p>\n
Beta Glass attributed its nine-month revenue growth to sustained customer demand and improved commercial execution, noting that the performance came against a strong comparative base created by early-year customer stocking activities in 2025.\n<\/p>\n
Read also: Afreximbank backs Veenocks\u2019 $145m to scale Nigeria\u2019s porcelain tile manufacturing<\/a><\/strong><\/p>\n The company also said its nine-month gross profit margin remained relatively stable at 36.2%, compared with 36.6% in the same period of 2025, despite margin pressures arising from the US-Iran war.\n<\/p>\n According to the company, the double-digit growth in revenue, gross profit, and operating profit compared with Q3 in 2025 highlights improved gross profit margins and operating profitability supported by healthy demand from key customers, improved manufacturing efficiencies and disciplined cost management.\n<\/p>\n Commenting on the results, Alex Gendis, chief executive officer of Beta Glass, said the 11.7% revenue growth reflected strong commercial performance, supported by increased sales volumes and demand across its major customer segments.\n<\/p>\n \u201cOur 11.7% revenue growth in Q3 2026 reflects another quarter of strong commercial performance, backed by a double-digit increase in sales volume, driven by healthy demand from our key customers in the brewery, soft drinks, pharma, and cosmetics segments,\u201d he said.\n<\/p>\n Gendis attributed the 21.3% increase in gross profit to tight cost management and improved manufacturing efficiencies, which helped raise gross margin from 34.6% to 37.6%.<\/p>\n Explaining the nine-month decline in profit before tax, Gendis said the 6.6% drop reflected the strong comparative base created by early-year customer stocking activities in 2025.\n<\/p>\n Read also:\u00a0Access Holdings\u2019 nine-month profit rises 8.3% to N667bn<\/a><\/strong>\n<\/p>\n \u201cOur focus remains on managing all macro and operating pressures while sustaining the improvements recorded in our operating performance,\u201d he said.\n<\/p>\n He added that the company remained committed to operational excellence, disciplined cost management and delivering high-quality glass packaging solutions to customers across local and export markets.\n<\/p>\n According to him, these priorities would guide the company\u2019s efforts to strengthen its business and create long-term value for shareholders as it approaches the end of the year.<\/p>\n Source: <\/p>\n Beta Glass Plc has recorded revenue of N40.37bn in the third quarter of 2026, representing an 11.7% increase from the N36.15bn posted in the corresponding period of 2025, according to… <\/p>\n","protected":false},"author":1,"featured_media":6938,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6937","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/6937","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/comments?post=6937"}],"version-history":[{"count":0,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/6937\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media\/6938"}],"wp:attachment":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media?parent=6937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/categories?post=6937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/tags?post=6937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Related News<\/h4>\n<\/p><\/div>\n
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