VFD Group's Profit Surges 96% to N13 Billion in 2026

VFD Group Plc announced a 96 per cent year-on-year increase in profit after tax to N13.00 billion for the nine months ended September 30, 2026, up from N6.63 billion in the same period of 2025. The Group's unaudited financial results, approved by its Board of Directors, indicated that profit before tax rose 92 per cent to N15.34 billion from N7.99 billion, while gross earnings increased 35 per cent to N81.88 billion from N60.72 billion.

This performance was attributed to growth in investment activities, improved operating efficiency, and expansion of its financial asset portfolio. Earnings per share nearly doubled to 75 kobo from 38 kobo, and profit attributable to shareholders increased 97 per cent to N9.52 billion.

Net investment income rose 59 per cent to N72.18 billion, while total assets increased 30 per cent to N577.64 billion. The Group's borrowings declined 14 per cent to N108.02 billion, reflecting a stronger capital position as it expanded its investment activities.