VFD Group Plc H1 2026 Results: PAT Doubles to ₦10.06bn
VFD Group Plc has released its unaudited consolidated and separate financial statements for the six months ended 30 June 2026. The filing reports a 100.8% increase in consolidated PAT to ₦10.06bn and an interim dividend declaration of 24 kobo per ordinary share.
VFD Group Plc filed its unaudited H1 2026 financial results on 4 August 2026, covering the six-month period ended 30 June 2026. The filing shows consolidated gross earnings rose 30.5% year-on-year to ₦53.71bn, while consolidated Profit Before Tax (PBT) grew 98.4% and Profit After Tax (PAT) increased 100.8% to ₦10.06bn. Investment and similar income, which accounts for 91.5% of gross earnings, rose 30.2% to ₦49.13bn.
At the Company level, gross earnings increased 62.5% to ₦23.87bn. Company PBT surged 295% to ₦5.95bn, while Company PAT grew 328% to ₦5.03bn. Shareholders' funds more than doubled to ₦91.02bn, and borrowings declined 7% to ₦116.18bn from ₦124.9bn as at December 2025.
The Board of Directors declared an interim dividend of ₦0.24 per ordinary share, amounting to a total payout of approximately ₦3.04bn. Management attributed the balance sheet improvement partly to proceeds from a prior rights issue used to reduce debt. The Group stated its H2 2026 priorities include continued deleveraging, selective capital deployment, and operating model restructuring.
