VFD Group Plc gross earnings has improved on the back of strength of its investment portfolio as the investment company continues to deliver higher returns to shareholders.
The investment house recorded gross earnings of N53.71 billion in the first nine months of 2026, which is 30.45 percent higher than 2025’s N41.17 billion.
Net investment income followed the same growth trajectory as it was up 19.84 percent to N41.98 billion in September 2026 from N37.17 billion as at September 2025.
Profit before tax for VFD Group spiked by 98.67 percent to N11.98 billion in the period under review from N6.0 billion as at September 2025.
Profit after tax (PAT) surged by 101.20 percent to N10.06 billion in September 2026 from N5 billion as at September 2025.
The company attributed the performance to disciplined capital allocation, improved operating leverage and efficient earnings retention.
Following the strategic deployment of proceeds from its rights issue to reduce debt and optimise its capital structure, shareholders’ funds spiked by 75.05 percent to N124.87 billion in September 2026 from N69.62 billion as at September 2025.
Total assets were up 14.41 percent to N510.04 billion in September 2026, even amid deliberate strategy to deleverage and improve financial flexibility for future investments.
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