VFD Group Profit Jumps 96% to N13 Billion as Gross Earnings Hit N81.88 Billion

VFD Group Plc has reported a 96% improve in revenue after tax to N13 billion for the 9 months ended September 30, 2026, in contrast with N6.63 billion recorded within the corresponding interval of 2025.

The funding firm disclosed this in its unaudited monetary statements, which confirmed that gross earnings elevated by 34.8% to N81.88 billion from N60.72 billion a 12 months earlier.

Profit earlier than tax rose by 91.9% to N15.34 billion from N7.99 billion, supported by increased funding earnings and improved working efficiency.

Investment and comparable earnings elevated by 52.6% to N75.11 billion from N49.23 billion, whereas investment-related bills declined by 22.3% to N2.94 billion from N3.78 billion.

The enchancment pushed internet funding earnings up by 58.8% to N72.18 billion, in contrast with N45.45 billion within the corresponding interval of 2025.

However, different earnings declined marginally to N5.59 billion from N5.83 billion, whereas internet good points on monetary property measured at truthful worth by means of revenue or loss dropped to N1.04 billion from N5.58 billion.

Despite the decline in these earnings streams, internet income elevated by 42.1% to N77.52 billion from N54.54 billion.

The firm’s impairment expenses on monetary property additionally declined by 44.2% to N1.29 billion from N2.32 billion, offering further assist for profitability.

Operating bills, nevertheless, elevated by 29.2% to N18.98 billion from N14.69 billion, with personnel bills rising to N6.37 billion from N4.25 billion.

Other working bills additionally elevated to N11.10 billion from N8.86 billion.

VFD Group consequently recorded a 46.9% improve in working revenue earlier than earnings tax and finance prices to N58.53 billion from N39.85 billion.

Finance prices rose by 35.7% to N43.33 billion from N31.94 billion, absorbing a considerable portion of working earnings.

Nevertheless, the corporate maintained sturdy revenue progress, with earnings attributable to shareholders of the guardian firm rising to N9.52 billion from N4.84 billion.

Basic earnings per share rose to 75 kobo from 38 kobo within the corresponding interval of 2025.

Meanwhile, VFD Group’s whole property elevated by 29.6% to N577.64 billion as of September 30, 2026, in contrast with N445.81 billion on the finish of December 2025.

Investment in monetary property greater than doubled to N217.08 billion from N98.70 billion, whereas funds beneath administration on the asset facet elevated to N142.52 billion from N77.35 billion.

Loans and advances additionally elevated by 24.9% to N32.79 billion from N26.25 billion.

Total shareholders’ funds rose by 86.8% to N130.02 billion from N69.62 billion, supported by will increase in share capital, share premium and different reserves.

However, borrowings elevated to N169.62 billion from N123.86 billion, whereas money and money equivalents declined to N33.64 billion from N79.47 billion.

The outcomes confirmed stronger earnings and an increasing funding portfolio, though increased financing prices and diminished money holdings remained notable options of the group’s monetary efficiency.