VFD Group Reports 61% Surge in Q3 Profit, Driven by Rights Issue

VFD Group PLC reported a 61% increase in profit after tax for the third quarter of 2025, reaching N7.99 billion compared to N4.95 billion in Q3 2024. The growth was fueled by a successful rights issue, operational efficiency gains, and margin expansion.

The company's debt-to-equity ratio improved from 2.07x in FY 2024 to 1.68x, showcasing prudent balance sheet management. With a focus on value optimization and portfolio enhancement, VFD Group aims to strengthen its capital position and drive sustainable growth.

The group's total assets rose by 30% to N383.39 billion, reflecting robust business expansion and prudent capital management.