Not compliant
Beta Glass does not pass Shariah screening under the AAOIFI Standard.
NGX: BETAGLAS · Industrial goods · Screened 3 Sept 2026 · H1 2026 accounts
Here is the revised text with the additional context incorporated:
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**Beta Glass Plc** was founded in 1974 and is the leading manufacturer of glass containers in Nigeria and West Africa. It manufactures and distributes glass bottles and containers for the beverage, pharmaceutical, cosmetics and food industries, operating facilities at Agbara in Ogun State and Ughelli in Delta State with 805 employees as at 31 December 2025. It exports to more than ten countries including Ghana, Ivory Coast, Liberia, Sierra Leone, South Africa and Burkina Faso.
For the year ended 31 December 2025, revenue was N149.1 billion, up 27%, with profit after tax of N33.2 billion, up 144%, earnings per share of N55.41 and a proposed dividend of N7.20 per share. Gross margin improved from 26.3% to 35.3% and operating margin from 20.0% to 32.3%. The performance was supported by strong demand across beverage, pharmaceutical and food packaging segments, improved production efficiency, and effective cost management . A key operational achievement was the successful rebuild of the DF1 container glass furnace at the Ughelli plant, completed in October 2025 in a record 48 days — a milestone the company says sets a new global benchmark in the glass container industry . The rebuilt 250-tonne-per-day furnace integrates advanced automation and artificial intelligence systems, cutting energy consumption by approximately seven percent and extending the furnace lifespan by 11 to 17 years .
After the reporting period, the majority shareholding was divested to Helios Investment Partners. Helios Fund V acquired the entire shareholding of Frigoinvest Nigeria Holdings B.V., the holding company for Frigoglass Group's Nigerian packaging operations, in a transaction valued at up to €100 million . The acquisition was completed in early 2026 and ushers in what the company describes as a new growth phase, positioning Beta Glass to leverage Helios' investment expertise and deep experience across African markets to drive long-term value and sustainable expansion .
An independent report by Deloitte revealed that Beta Glass has injected over N1 trillion into the domestic economy over the past decade, accounting for nearly one percent of Nigeria's entire manufacturing sector output and 14 percent of the non-metallic products sub-sector .
Glass container manufacture serving beverage, pharmaceutical, cosmetics and food customers, with domestic sales and exports across West and Southern Africa.
No. As of 3 September 2026, Beta Glass (BETAGLAS) does not pass Shariah screening under the AAOIFI Standard.
Qistal re-screens every NGX ticker when new audited or interim accounts are filed. This page always shows the date of the most recent screen.
Yes. Compliance drifts as a company borrows, raises cash, or changes its business mix, so a verdict describes a moment rather than a permanent status.