Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text; matched to OCR text and compared cell by cell with the page image; read from the page image) (9 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review
Beta Glass
On this page
Company details
- Legal name
- Beta Glass Plc
- Listing
- BETAGLAS on the Nigerian Exchange, active · ISIN NGBETAGLAS04 (observed 2026-10-08)
- Sector
- Not classified (our classification from the stated principal activity)
- Financial year ends
- 31 December
Overview
Year ended 31 December 2025 · annual report, signed / final · source
Read with these figures
- Auditor's emphasis of matter. No emphasis-of-matter paragraph; one key audit matter: recoverability of the Export Expansion Grant (EEG) receivable, N3.37 billion at 31 December 2025 (2024: N2.78 billion) (PDF p18).
Full wording and sources
Auditor's emphasis of matter
No emphasis-of-matter paragraph; one key audit matter: recoverability of the Export Expansion Grant (EEG) receivable, N3.37 billion at 31 December 2025 (2024: N2.78 billion) (PDF p18).
Source: Beta Glass Plc Annual Report and Financial Statements for the year ended 31 December 2025 (dated 2026-03-31)
-
Revenue
NGN 149 billion
149,122,525 NGN thousands · p22
+26.8% vs 2024
-
Operating profit / (loss)
NGN 48.1 billion
48,092,894 NGN thousands · p22
+104.2% vs 2024
-
Profit / (loss) for the year
NGN 33.2 billion
33,245,317 NGN thousands · p22
+144.0% vs 2024
-
Total assets
NGN 184 billion
183,892,203 NGN thousands · p23
+36.9% vs 2024
-
Total equity
NGN 96.3 billion
96,267,299 NGN thousands · p23
+48.6% vs 2024
-
Cash from operations
NGN 44.5 billion
44,523,400 NGN thousands · p25
+154.2% vs 2024
Large amounts are rounded for reading (NGN million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.
Financial statements
Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in NGN thousands unless the row says otherwise; brackets are negative.
† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table
Column sources
- FY2025 — annual report, signed / final; reported for the year · source
- FY2024 — annual report, signed / final; comparative in the FY2025 filing · source
Income statement
| Line (as printed) | FY2025Annual reportreported for the year | FY2024Annual reportcomparative in FY2025 filing |
|---|---|---|
| Revenue from contracts with customers | 149,122,525 | 117,580,184 |
| Cost of sales | (96,458,807) | (86,822,472) |
| Gross profit | 52,663,718 | 30,757,712 |
| Selling and distribution expenses | (412,569) | (339,082) |
| Administrative expenses | (8,214,251) | (6,409,231) |
| Credit loss reversals/(expenses) | 946,296 | (1,616,130) |
| Other income | 3,109,700 | 1,162,402 |
| Operating profit | 48,092,894 | 23,555,671 |
| Net foreign exchange loss | (135,451) | (1,742,362) |
| Finance income | 10,162,663 | 8,121,424 |
| Finance cost | (7,578,511) | (10,031,360) |
| Profit before taxation | 50,541,595 | 19,903,373 |
| Income tax expense | (17,296,278) | (6,276,543) |
| Profit for the year | 33,245,317 | 13,626,830 |
| Other comprehensive income: | –1 | –1 |
| Total comprehensive income for the year | 33,245,317 | 13,626,830 |
- Printed “-”, read as nil: subtotal_arithmetic: is.total_comprehensive_income.
Balance sheet
| Line (as printed) | FY2025Annual reportreported for the year | FY2024Annual reportcomparative in FY2025 filing |
|---|---|---|
| Property, plant and equipment | 68,805,625 | 36,005,433 |
| Right-of-use assets | 17,830 | 17,221 |
| Non-current assets (unlabelled subtotal) | 68,823,455 | 36,022,654 |
| Inventories | 23,121,368 | 22,960,484 |
| Trade and other receivables | 72,217,672 | 64,715,445 |
| Cash and cash equivalents | 19,729,708 | 10,653,614 |
| Current assets (unlabelled subtotal) | 115,068,748 | 98,329,543 |
| Total assets | 183,892,203 | 134,352,1971 |
| Borrowings | 35,259,192 | –2 |
| Deferred tax liabilities | 11,902,752 | 4,619,910 |
| Non-current liabilities (unlabelled subtotal) | 47,161,944 | 4,619,910 |
| Borrowings | 5,148,911 | 26,910,912 |
| Trade and other payables | 26,074,720 | 32,138,773 |
| Income tax payable | 9,111,371 | 5,701,684 |
| Dividend payable | 127,958 | 189,035 |
| Current liabilities (unlabelled subtotal) | 40,462,960 | 64,940,404 |
| Total liabilities | 87,624,904 | 69,560,314 |
| Share capital | 299,983 | 299,983 |
| Share premium | 312,847 | 312,847 |
| Other reserves | 2,429,942 | 2,429,942 |
| Retained earnings | 93,224,527 | 61,749,111 |
| Total equity | 96,267,299 | 64,791,883 |
| Total equity and liabilities | 183,892,203 | 134,352,197 |
- Printed “134,352.197”; read as 134,352,197. p23: Printed '134,352.197' with a full stop in place of the second thousands comma (page image and OCR, p23); read as 134,352,197, the 2024 total equity and liabilities printed on the same page and the sum of the two printed 2024 subtotals 36,022,654 and 98,329,543.
- Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_liabilities.
Cash flow
| Line (as printed) | FY2025Annual reportreported for the year | FY2024Annual reportcomparative in FY2025 filing |
|---|---|---|
| Cash generated from operations | 50,377,150 | 19,960,742 |
| Income tax paid | (5,853,750) | (2,445,190) |
| Net cashflow generated from operating activities | 44,523,400 | 17,515,552 |
| Purchase of property, plant and equipment | (40,538,174) | (7,735,256) |
| Prepayment of right of use asset1 | (73,542) | (93,076) |
| Proceeds from disposal of property, plant and equipment | 574,424 | 38,764 |
| Additional loan to related party2 | –3 | (18,975,015) |
| Receipt of loan repayment from related party4 | –3 | 4,926,000 |
| Interest received | 247,928 | 1,900,729 |
| Net cashflow used in investing activities | (39,789,364) | (19,937,854) |
| Proceeds from short term borrowings5 | 16,855,494 | 5,034,545 |
| Proceeds from medium term borrowings6 | 36,315,704 | –7 |
| Repayment of short term borrowings | (30,188,760) | (16,171,542) |
| Interest paid8 | (16,555,823) | (1,182,285) |
| Dividend paid | (1,639,807) | (839,953) |
| Unclaimed dividend (refunded)/ returned9 | (61,077) | 5,797 |
| Net cashflow generated from / (used in) financing activities | 4,725,731 | (13,153,438) |
| Net increase/(decrease)in cash and cash equivalents | 9,459,767 | (15,575,740) |
| Effect of exchange rate changes on cash and cash equivalents | (383,673) | (580,104) |
| Cash and cash equivalents at 1 January | 10,653,614 | 26,809,458 |
| Cash and cash equivalents at 31 December | 19,729,708 | 10,653,614 |
- Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
- Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (7)
- “Prepayment of right of use asset” is an issuer-specific line, not mapped to a shared definition: Note 21; investing activities.
- “Additional loan to related party” is an issuer-specific line, not mapped to a shared definition: Note 17.2; investing activities.
- “Receipt of loan repayment from related party” is an issuer-specific line, not mapped to a shared definition: Note 17.2; investing activities.
- “Proceeds from short term borrowings” is an issuer-specific line, not mapped to a shared definition: Note 19; financing activities.
- “Proceeds from medium term borrowings” is an issuer-specific line, not mapped to a shared definition: Note 19; financing activities.
- “Interest paid”: mapping to a shared definition is uncertain. One line for interest paid (notes 11.3 and 19); whether it includes lease interest is not stated.
- “Unclaimed dividend (refunded)/ returned” is an issuer-specific line, not mapped to a shared definition: Note 25; financing activities.
Segments
Segment data not yet collected for this company in the pilot.
Dividends
Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.
| Year ended | Event | Wording as printed | Amount | Unit | Source |
|---|---|---|---|---|---|
| 31 Dec 2025 | Dividends paid (cash flow statement) | Dividend paid |
(1,639,807) | NGN thousands | Annual report, p25 |
| 31 Dec 2024 | Dividends paid (cash flow statement) | Dividend paid |
(839,953) | NGN thousands | Annual report, p25 |
Sources
Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.
-
Beta Glass Plc Annual Report and Financial Statements for the year ended 31 December 2025
Year ended 31 December 2025 · Annual report · signed / final
Audit: Ernst & Young (Lagos), unmodified opinion · signed
Auditor's sign-off: Babayomi Ajijola, for Ernst & Young
Final status: Independent auditor's report (image-only scan) signed by Babayomi Ajijola (FRC/2013/PRO/ICAN/004/00000001196) for Ernst & Young, Lagos, dated 31 March 2026, with the ICAN seal (PDF p21, page image; opinion on PDF p17). Statement of financial position states board approval on 30th March 2026 and is signed by the chairman (Dr Vitus Ezinwa), the chief executive officer (Mr Alexander Gendis) and the chief financial officer (Ms Helene Paradisi) (PDF p23, page image).
- Document date
- 31 Mar 2026
- Auditor's report
- 31 Mar 2026
- Board approval
- 30 Mar 2026
- Retrieved by us
- 8 Oct 2026 (not a publication date)
- Used for
- statement columns FY2025, FY2024
- Basis
- company statements · NGN thousands (printed “N'000”)
- Board approval is stated as 30th March 2026 under the statement of financial position (p23) and as 26th March 2026 in note 1 (p27); the statement page date is recorded. The 2024 total assets are printed '134,352.197' (full stop for a thousands comma, p23), read as 134,352,197 (interpreted).
- Non-current asset, current asset, non-current liability and current liability subtotals are printed without labels (p23). Other comprehensive income is printed as dashes (p22).
- The auditor's report (PDF pp17-21), the internal-control attestation (pp15-16) and the directors', audit committee and management certifications (pp9-14) are image-only scans without a text layer.
- The statement of financial position (PDF p23) is a scanned image whose hidden OCR text layer lists all labels before all amounts and reads the 2024 total assets as '134,352.197' where the page prints 134,352,197; the page was therefore read from Apple Vision OCR of the render, not from that text layer.
Technical details
- File
- 71 pages, with a text layer
- SHA-256
59860166c6bc9eb6befb48bb6c27b51f466c8ca3b55dacc8693e1d2af1369892- Entity as printed
- Beta Glass Plc ("the Company"), RC: 13215
- Exchange copy
- retrieved 2026-10-08T18:00:24Z
Data notes
- Total assets — Printed '134,352.197'; read as '134,352,197'. Printed '134,352.197' with a full stop in place of the second thousands comma (page image and OCR, p23); read as 134,352,197, the 2024 total equity and liabilities printed on the same page and the sum of the two printed 2024 subtotals 36,022,654 and 98,329,543. (Beta Glass Plc Annual Report and Financial Statements for the year ended 31 December 2025, p23)
Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text; matched to OCR text and compared cell by cell with the page image; read from the page image) (9 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.
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Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.