Beta Glass Income Statement

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	145,497	149,123	117,580	62,905	54,340	36,983
Revenue Growth (YoY)	8.23%	26.83%	86.92%	15.76%	46.93%	44.26%
Cost of Revenue	95,535	96,856	87,152	50,698	43,927	27,809
Gross Profit	49,962	52,267	30,428	12,208	10,414	9,173
Selling, General & Admin	8,659	8,230	6,419	3,759	3,452	2,348
Other Operating Expenses	-2,954	-2,539	-1,124	274	-600.59	-882.01
Operating Expenses	4,987	5,019	6,991	4,533	2,880	1,467
Operating Income	44,975	47,248	23,437	7,674	7,534	7,707
Interest Expense	-7,766	-7,155	-9,782	-2,010	-630.71	-244.64
Interest & Investment Income	10,163	10,163	8,121	2,084	1,241	597.14
Currency Exchange Gain (Loss)	-650.04	-135.45	-1,742	1,794	-1,285	-763.35
Other Non Operating Income (Expenses)	-76.85	-149.29	-169.43	-107.66	-	-17.6
EBT Excluding Unusual Items	46,645	49,971	19,865	9,434	6,858	7,278
Gain (Loss) on Sale of Investments	-	-	-	-	-	-59.23
Gain (Loss) on Sale of Assets	570.83	570.83	38.76	11.23	132.83	219.87
Pretax Income	47,216	50,542	19,903	9,445	6,991	7,439
Income Tax Expense	16,118	17,296	6,277	3,003	2,306	1,981
Net Income	31,098	33,245	13,627	6,442	4,685	5,458
Net Income to Common	31,098	33,245	13,627	6,442	4,685	5,458
Net Income Growth	40.19%	143.97%	111.52%	37.49%	-14.15%	57.43%
Shares Outstanding (Basic)	600	600	600	600	600	600
Shares Outstanding (Diluted)	600	600	600	600	600	600
Shares Change (YoY)	0.00%	-	-	-	-	-
EPS (Basic)	51.83	55.41	22.71	10.74	7.81	9.10
EPS (Diluted)	51.83	55.41	22.71	10.74	7.81	9.10
EPS Growth	40.19%	143.97%	111.52%	37.49%	-14.15%	57.43%
Free Cash Flow	4,007	3,985	9,780	3,784	-4,172	3,724
Free Cash Flow Per Share	6.68	6.64	16.30	6.31	-6.95	6.21
Dividend Per Share	7.200	7.200	2.950	1.400	1.170	0.917
Dividend Growth	144.07%	144.07%	110.71%	19.66%	27.63%	5.77%
Gross Margin	34.34%	35.05%	25.88%	19.41%	19.16%	24.80%
Operating Margin	30.91%	31.68%	19.93%	12.20%	13.86%	20.84%
Profit Margin	21.37%	22.29%	11.59%	10.24%	8.62%	14.76%
Free Cash Flow Margin	2.75%	2.67%	8.32%	6.02%	-7.68%	10.07%
EBITDA	54,116	55,329	28,922	11,717	11,651	10,978
EBITDA Margin	37.19%	37.10%	24.60%	18.63%	21.44%	29.68%
D&A For EBITDA	9,141	8,081	5,485	4,043	4,117	3,271
EBIT	44,975	47,248	23,437	7,674	7,534	7,707
EBIT Margin	30.91%	31.68%	19.93%	12.20%	13.86%	20.84%
Effective Tax Rate	34.14%	34.22%	31.54%	31.79%	32.98%	26.63%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.