VFD Group’s 9M pre-tax profit rises 92%, Q3 revenue beats forecast 6.83%

VFD Group Plc unveiled impressive financial results for the nine months ending 30 September 2026, with its pre-tax profit soaring 92% year-over-year to N15.34 billion. The company's Q3 revenue surpassed expectations, reaching N28.16 billion, a 6.83% increase over the forecasted N26.36 billion. The surge in investment and similar income, up 52.58% to N75.11 billion, played a crucial role in driving this success, accounting for nearly 92% of the group's gross earnings.

Notably, impairment charges declined significantly by 44.22% to N1.29 billion, while finance costs rose by 35.66% to N43.33 billion, largely offsetting the overall profit growth. This performance translated into a substantial rise in nine-month profit after tax to N13.00 billion and earnings per share to 75 kobo, up from N6.63 billion and 38 kobo respectively.

The company's balance sheet also expanded by 29.57% to N577.64 billion, supported by robust growth in financial investments and assets, despite an increase in borrowings by 36.94% to N169.62 billion.