VFD Group PLC Reports 61% Profit Surge to N7.99bn in Q3 2025
VFD Group PLC released its unaudited financial results for Q3 2025, showing a 61% increase in profit to N7.99 billion compared to N4.95 billion in Q3 2024. The group's gross earnings rose by 35% to N60.72 billion, with net investment income reaching N45.65 billion.
The company's balance sheet remains resilient, with total assets growing by 30% to N383.39 billion. VFD Group attributes its strong performance to efficient cost optimization, positive cash flow, and prudent capital management.
The company's debt-to-equity ratio improved to 1.68x in Q3 2025, reflecting sound financial management practices.
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