{
  "id": 17048209,
  "title": "VFD Group’s 9M pre-tax profit rises 92%, Q3 revenue beats forecast 6.83%",
  "url": "https://urgent.news/2026/10/29/vfd-groups-9m-pre-tax-profit-rises-92-q3-revenue-beats-forecast-6-83",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-29T10:30:11.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/10/29/vfd-groups-9m-pre-tax-profit-rises-92-q3-revenue-beats-forecast-6-83/"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "VFD Group Plc reported a pre-tax profit of N15.34 billion in its unaudited financial results for the nine months ended 30 September 2026, representing an increase of 91.86% from N7.99 billion in the corresponding period of 2025. The post VFD Group’s 9M pre-tax profit rises 92%, Q3 revenue beats forecast 6.83% appeared first on Nairametrics .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Seeking Alpha News",
        "title": "APi Group Non-GAAP EPS of $0.50 beats by $0.03, revenue of $2.6B beats by $200M",
        "url": "https://urgent.news/2026/10/29/api-group-non-gaap-eps-of-0-50-beats-by-0-03-revenue-of-2-6b-beats-by",
        "published": "2026-10-29T11:41:42.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}