VFD Group Reports N10bn Profit in H1 2026

VFD Group Plc, a principal investment company listed on the Nigerian Exchange Limited, announced its unaudited financial results for the six months ending June 30, 2026. The company reported a Profit After Tax (PAT) of N10.06bn, reflecting a 100.8% increase year-on-year.

Gross earnings reached N53.71bn, a 30.5% rise, primarily supported by the strength of its investment portfolio. Profit Before Tax (PBT) surged 98.4%, demonstrating the Group's ability to convert revenue growth into shareholder returns.

Investment income rose 30.2% to N49.13bn, accounting for 91.5% of gross earnings. The Group's total income exceeded the growth in operating costs, leading to improved operating leverage.

Shareholders’ funds more than doubled to N91.02bn, while borrowings decreased by 7% to N116.18bn. Nonso Okpala, the Group Managing Director, commented on the disciplined execution of their capital allocation strategy, emphasizing the successful transition from capital-raising to sustainable earnings growth.