VFD Group nine-month profit jumps 96% to N13bn
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Verified Synthesis~60s readAccording to the group’s unaudited financial results approved by its Board of Directors, profit before tax rose 92 per cent to N15.34bn from N7.99bn, while gross earnings increased 35 per cent to N81.88bn from N60.72bn. VFD Group Plc has reported a 96 per cent year-on-year increase in profit after tax to N13.00bn for the nine months ended 30 September 2026, up from N6.63bn recorded in the corresponding period of 2025.
Context & Background
- ✦The group also recorded improvements in operating efficiency, with its cost-to-income ratio declining to 24.5 per cent from 26.9 per cent.
Key Figures & Named Entities
30 September:VFD Group Plc has reported a 96 per cent year-on-year increase in profit after tax to N13.00bn for the nine months ended 30 September 2026, up from N6.63bn recorded in the corresponding period of 2025.30 September:Total assets rose 30 per cent to N577.64bn as at 30 September 2026, from N445.81bn at the end of December 2025.2025:At the parent company level, VFD Group Plc recorded a significant improvement in profitability, with profit after tax rising to N6.18bn from N300m in the corresponding period of 2025.
Outlook & Next Steps
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Key Takeaways
Verified Extract- According to the group’s unaudited financial results approved by its Board of Directors, profit before tax rose 92 per cent to N15.34bn from N7.99bn, while gross earnings increased 35 per cent to N81.88bn from N60.72bn.
- VFD Group Plc has reported a 96 per cent year-on-year increase in profit after tax to N13.00bn for the nine months ended 30 September 2026, up from N6.63bn recorded in the corresponding period of 2025.
- The group also recorded improvements in operating efficiency, with its cost-to-income ratio declining to 24.5 per cent from 26.9 per cent.
Key Facts:30 September: VFD Group Plc has reported a 96 per cent year-on-year increase in profit after tax to N13.00bn for the nine months ended 30 September 2026, up from N6.63bn recorded in the corresponding period of 2025.30 September: Total assets rose 30 per cent to N577.64bn as at 30 September 2026, from N445.81bn at the end of December 2025.2025: At the parent company level, VFD Group Plc recorded a significant improvement in profitability, with profit after tax rising to N6.18bn from N300m in the corresponding period of 2025.5 October: “Beyond the numbers, we have continued to strengthen the Group’s financial position, deploy the capital raised and build the leadership structure required to sustain our performance.” He noted that the appointment of Mrs Ijeoma Emezie-Ezigbo as Deputy Managing Director, effective 5 October 2026, formed part of the group’s broader effort to strengthen executive leadership and succession planning.
Editorial Excerpt
VFD Group Plc has reported a 96 per cent year-on-year increase in profit after tax to N13.00bn for the nine months ended 30 September 2026, up from
Frequently Asked Questions About This Story
What is the key takeaway from this report?
According to the group’s unaudited financial results approved by its Board of Directors, profit before tax rose 92 per cent to N15.34bn from N7.99bn, while gross earnings increased 35 per cent to N81.88bn from N60.72bn.
What additional context is highlighted in this report?
VFD Group Plc has reported a 96 per cent year-on-year increase in profit after tax to N13.00bn for the nine months ended 30 September 2026, up from N6.63bn recorded in the corresponding period of 2025.
What timeline or key figures were confirmed?
VFD Group Plc has reported a 96 per cent year-on-year increase in profit after tax to N13.00bn for the nine months ended 30 September 2026, up from N6.63bn recorded in the corresponding period of 2025.
