Beta Glass Income Statement

Financials in millions NGN. Fiscal year is January - December.

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	149,123	117,580	62,905	54,340	36,983
Revenue Growth (YoY)	26.83%	86.92%	15.76%	46.93%	44.26%
Cost of Revenue	96,458	87,152	50,698	43,927	27,809
Gross Profit	52,664	30,428	12,208	10,414	9,173
Selling, General & Admin	8,752	6,419	3,759	3,452	2,348
Other Operating Expenses	-1,989	-1,124	274	-600.59	-882.01
Operating Expenses	6,763	6,991	4,533	2,880	1,467
Operating Income	45,901	23,437	7,674	7,534	7,707
Interest Expense	-5,489	-9,782	-2,010	-630.71	-244.64
Interest & Investment Income	10,163	8,121	2,084	1,241	597.14
Currency Exchange Gain (Loss)	-135.45	-1,742	1,794	-1,285	-763.35
Other Non Operating Income (Expenses)	-904.62	-169.43	-107.66	-	-17.6
EBT Excluding Unusual Items	49,535	19,865	9,434	6,858	7,278
Gain (Loss) on Sale of Investments	-	-	-	-	-59.23
Gain (Loss) on Sale of Assets	1,121	38.76	11.23	132.83	219.87
Pretax Income	50,656	19,903	9,445	6,991	7,439
Income Tax Expense	17,196	6,277	3,003	2,306	1,981
Net Income	33,459	13,627	6,442	4,685	5,458
Net Income to Common	33,459	13,627	6,442	4,685	5,458
Net Income Growth	145.54%	111.52%	37.49%	-14.15%	57.43%
Shares Outstanding (Basic)	600	600	600	600	600
Shares Outstanding (Diluted)	600	600	600	600	600
EPS (Basic)	55.77	22.71	10.74	7.81	9.10
EPS (Diluted)	55.77	22.71	10.74	7.81	9.10
EPS Growth	145.54%	111.52%	37.49%	-14.15%	57.43%
Free Cash Flow	2,928	9,780	3,784	-4,172	3,724
Free Cash Flow Per Share	4.88	16.30	6.31	-6.95	6.21
Dividend Per Share	-	2.950	1.400	1.170	0.917
Dividend Growth	-	110.71%	19.66%	27.63%	5.77%
Gross Margin	35.32%	25.88%	19.41%	19.16%	24.80%
Operating Margin	30.78%	19.93%	12.20%	13.86%	20.84%
Profit Margin	22.44%	11.59%	10.24%	8.62%	14.76%
Free Cash Flow Margin	1.96%	8.32%	6.02%	-7.68%	10.07%
EBITDA	53,982	28,922	11,717	11,651	10,978
EBITDA Margin	36.20%	24.60%	18.63%	21.44%	29.68%
D&A For EBITDA	8,081	5,485	4,043	4,117	3,271
EBIT	45,901	23,437	7,674	7,534	7,707
EBIT Margin	30.78%	19.93%	12.20%	13.86%	20.84%
Effective Tax Rate	33.95%	31.54%	31.79%	32.98%	26.63%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.