VFD Group Plc, a Principal Investment firm dedicated to building Africa’s ecosystem value chain, is able to grow its profit at a much faster pace than revenue, demonstrating the company’s ability to convert revenue growth into stronger shareholders’ return.
The company’s profit after (PAT) spiked by 329.05 percent to 100.32 percent to N10.06 billion as at June 2026.
That compares with a 30.45 percent increase in gross earnings to N53.71 billion in the first six months of 2026.
Investment and similar income rose by 30.2 percent to N49.13 billion, accounting for 91.5 percent of gross earnings, underscoring the resilience of the company’s investment-led business model.
The firm’s total income outpaced the combined growth in operating costs, interest expense and impairment charges, resulting in improved operating leverage and stronger earnings retention.
Of course, the company reaps the benefits of the rights issue that strengthens its balance sheet as profit before tax increased by 295 percent, borrowings declined, and shareholders’ equity more than doubled and earnings per share grew 110 percent despite an enlarged share base.
“These results are not only a validation of our strategy but also demonstrate our commitment to rewarding shareholders as the business continues to grow,” said Nonso Okpala, Group Managing Director of VFD Group Plc.
“Reflecting the strength of our earnings and confidence in our outlook, the Board has approved an interim dividend of 24 kobo per ordinary share, balancing immediate shareholder returns with continued investment in the Group’s long-term growth opportunities,” said Okpala.
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