Beta Glass shares features 46% month-to-date in early Might, on wave of constructive occasions 

The corporate not too long ago launched its first-quarter monetary assertion for 2025, reporting a pre-tax revenue of N15.2 billion—a powerful 638.64% enhance in comparison with N2.06 billion in Q1 2024.

This surge in profitability was pushed by sturdy income of N41.1 billion, up 69.34%, supported by stable glassware and bottle gross sales, with regional markets accounting for a lot of the development.

Within the second quarter of 2024, Beta Glass accomplished an improve and chilly restore of the GF1 Furnace at its Agbara plant.

This strategic enhancement was projected to extend each day manufacturing capability by 30 tons, including to the present 720 ton, —and lengthen the furnace’s operational lifecycle by 8 to 10 years.

Subsequently, the corporate reported an 86.92% income enhance in its full-year 2024 outcomes, with income reaching N117.5 billion in comparison with N62.9 billion in 2023.

To date in Might 2025, Beta Glass shares have jumped over 46% following the discharge of its Q1 outcomes, buying and selling on a month-to-month quantity of 1.7 million shares, with a year-to-date efficiency of 125%.

Market pattern  

Beta Glass opened 2025 at N64.90 and steadily climbed to N71.50 by the tip of January, closing the month on a constructive observe with a buying and selling quantity of 17.9 million shares.

• The rally gained momentum in February, with the inventory surging by 39.65% to succeed in N99.85.
• Nevertheless, buying and selling exercise stalled via March and April, because the inventory noticed no value motion throughout that interval.

The pattern sharply reversed on Might 2nd, following the discharge of the corporate’s Q1 2025 outcomes the day prior. Investor sentiment turned bullish, probably driving the share value up from N99.85 to N146 by the shut of buying and selling on Might seventh.

Whereas the precise set off behind the sharp rally might not be utterly identified, the corporate’s sturdy Q1 2025 outcomes and different constructive developments appear to have renewed investor confidence, as mirrored within the swift and substantial value motion following the discharge.

Enlargement plans 

Beta Glass has not too long ago outlined plans to increase into further African markets, with a specific concentrate on the Francophone areas.

In a current media tour of the corporate’s amenities, CEO Alexander Gendis mentioned the corporate’s regional development technique.

“Our industrial staff has been centered on creating our development technique and increasing in Francophone and West Africa. This is a crucial a part of our general development plan. We’ve seen our exports enhance from six % to eight % of turnover year-on-year, which is a notable enchancment,” he mentioned.

He additionally added, “We’re beginning with neighboring markets, then will regularly increase to cowl extra of the continent and probably past to different areas.”