VFD Group Plc recorded a robust performance for the period ended September 30, 2025, with nine-month profit before tax rising to N7.9 billion, up 61.5% from N4.9 billion in the same period last year.
This momentum carried through to the bottom line, as profit after tax climbed 48.5% to N6.6 billion, compared to N4.4 billion in 2024.
A cursory look shows that higher investment income and trimmed expenses were the main drivers of VFD Group’s strong earnings performance.
VFD’s earnings success was driven by a 45% increase in net investment income to N45.6 billion, up from N31.5 billion in 2024. The growth was supported by better yields and an expanded investment portfolio.
Pretax profit remained strong despite a 66.8% jump in finance costs to N31.9 billion.
Total operating expenses rose to N15.1 billion in the period, up from N12.8 billion last year. Key components included:
Even with these cost increases, VFD Group posted a 65.8% increase in operating profit before tax to N39.85 billion, demonstrating operational resilience.
VFD Group’s financial position improved significantly in the nine-month period, with total assets rising to N383.39 billion from N295.6 billion at year-end 2024.
The group’s equity position also expanded to N71.50 billion, driven by N16.80 billion in retained earnings, N15.7 billion in share premiums, and N15.9 billion in other reserves. Non-controlling interest stood at N18.59 billion, reflecting the group’s diversified investments and partnerships.
Cash and cash equivalents also improved to N20.4 billion, signaling a strong liquidity position.