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.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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