VFD Group Plc carried strong momentum into 2025, driven by its investment-led growth strategy.
Gross earnings rose to ₦88.35 billion, up 13.2% year on year.
Investment Income Drives Growth
Meanwhile, investment income delivered ₦68.3 billion, led by placements, investments, loans, and logistics operations.
VFD Group Profit Rises, Dividend Declared
Profit before tax climbed to ₦14.1 billion, marking a 41.5% increase from 2024.
At the same time, profit after tax reached ₦9.7 billion, rising 25.4% year on year.
Earnings per share also increased to 95 kobo from 82 kobo previously.
Consequently, the board declared a final dividend of 25 kobo per share.
It will pay shareholders on May 25, 2026.
Costs Managed, Balance Sheet Expands
Notably, the group reduced interest expenses to ₦10.4 billion from ₦12.6 billion last year.
At the same time, logistics operations recorded ₦3.5 billion in costs, while property development posted ₦2.9 billion.
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Net investment income remained strong at ₦57.9 billion during the period.
In addition, other income contributed ₦6.4 billion, driven by gains on investment properties.
The group also realised ₦2.7 billion from disposing of subsidiaries.
However, the company recorded an impairment charge of ₦2.3 billion during the year.
Despite this, net revenue rose to ₦75.4 billion, up 16.4% year on year.
Total expenses increased to ₦23.1 billion from ₦19.3 billion previously.
Even so, the company grew operating profit to ₦52.2 billion, reflecting a 15.1% increase.
Finance costs reached ₦38.2 billion, mainly from interest on borrowings.
As a result, the company delivered ₦14.1 billion in profit before tax.
On the balance sheet, total assets rose to ₦445.8 billion from ₦295.6 billion.
Meanwhile, liabilities increased to ₦376.1 billion, reflecting continued expansion.
Shareholders’ funds stood at ₦69.6 billion, supported by retained earnings growth.
Retained earnings rose 55.6% to ₦16.7 billion during the period.
However, the market showed limited reaction following the results release.
So far, shares have gained 4.09% year to date in 2026.
The stock currently trades at ₦11.45 on the Nigerian Exchange.
