VFD Group Reports N10.06bn Profit in H1 2026

VFD Group Plc announced a robust financial performance for the first half of 2026, with a profit after tax (PAT) of N10.06 billion, marking a 100.8% increase from the same period in 2025. The company declared an interim dividend of 24 kobo per ordinary share, totaling approximately N3.04 billion, reflecting confidence in its earnings quality and long-term growth prospects.

Gross earnings reached N53.71 billion, a 30.5% year-on-year increase, primarily driven by its investment portfolio. Profit before tax (PBT) rose by 98.4%, while investment income increased by 30.2% to N49.13 billion.

The Group's standalone performance was even stronger, with gross earnings up 62.5% to N23.87 billion and PBT surging by 295% to N5.95 billion. Shareholders’ funds more than doubled to N91.02 billion, and borrowings decreased by 7% to N116.18 billion.

Group Managing Director Mr. Nonso Okpala emphasized the disciplined investment strategy, while Executive Director Mr.

Folajimi Adeleye noted the company’s strong capital position entering the second half of the year.