VFD Group Plc 9M 2026 Results: Profit Rises 96% to ₦13bn

VFD Group Plc (NGX: VFDGROUP) has released its unaudited group results for the nine months ended 30 September 2026. Profit after tax rose 96% to ₦13.00 billion, up from ₦6.63 billion in the same period of 2025. Profit before tax increased 92% to ₦15.34 billion, while gross earnings grew 35% to ₦81.88 billion. Earnings per share rose to 75 kobo from 38 kobo.

Net investment income, which accounted for 93% of net revenue, rose 59% to ₦72.18 billion. The cost-to-income ratio improved to 24.5% from 26.9%, and impairment charges fell 44% to ₦1.29 billion. Total assets grew 30% to ₦577.64 billion, while shareholders' funds rose 87% to ₦130.02 billion.

At the company level, profit after tax reached ₦6.18 billion, compared with ₦0.30 billion in 9M 2025, representing a 20.7 times increase. Company borrowings fell to 1.1 times equity from 3.1 times at the start of the year.

Separately, the Board appointed Mrs. Ijeoma Emezie-Ezigbo as Deputy Managing Director, effective 5 October 2026. She is the first person to hold the role in the Group's history and joins from KPMG Nigeria, where she served as Partner and Head of Transaction Services, West Africa.