VFD Group doubles profit to N10bn on investment gains

VFD Group Plc, a leading investment company listed on the Nigerian Exchange, has reported a significant increase in profitability, with its profit after tax doubling to N10.06bn in the first six months of 2026. This growth was driven by a 30.5% increase in gross earnings, largely due to the strength of its investment portfolio. The Group's investment and similar income rose by 30.2% to N49.13bn, representing 91.5% of gross earnings.

The results also reflect a transition from a capital-raising phase to one focused on translating investments into sustainable earnings growth, with shareholders' funds more than doubling to N91.02bn and borrowings declining.

Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.