WATCH THE VIDEO HERE VFD Group Plc has published its audited financial statement for the year ended December 31, 2024, reporting a pre-tax profit of N11.2 billion. This represents a significant turnaround from the pre-tax loss of N1 billion recorded in 2023, largely driven by an increase in investment income. Investment income grew by 97.95% YoY to N74.5 billion, compared to the N37.6 billion the previous year. The group’s net revenue increased to N70.9 billion in 2024, compared to N37.3 billion in the previous year, reflecting an 89.84% rise. Nevertheless, finance costs increased to N37.5 billion from N25.3 billion in the prior year, majorly comprised of interest expenses. As of April 2, 2025, VFD Group is trading at N51.90 with a year-to-date performance of 16.89%. In 2024, VFD Group reported a year-to-date performance of 9.41%.
VFD Group reports N11.2 billion profit as investment income soars
