Vitafoam Nigeria Plc has reported a profit before tax growth of 1,751 per cent in its unaudited financial results for the 12 months ended September 30, 2025.
The unaudited results filed with the Nigerian Exchange Limited (NGX) showed that Vitafoam’s profit before tax rose sharply by 1,751 per cent to N21.2 billion as at September 30, 2025, from N1.1 billion in September 2024, while profit after tax grew by an impressive 1,407 per cent to N14.3 billion from N952 million in the previous year.
Earnings per share also recorded a significant improvement, climbing from 29 kobo to 1,067 kobo during the review period. Other key performance indicators reflected similar upward trends, underscoring the Company’s resilient business model and strategic focus.
Speaking on the performance, the group managing director/chief executive officer, Vitafoam Nigeria, Taiwo Adeniyi said, “This performance demonstrates our unwavering commitment to operational excellence, cost efficiency, and sustainable value creation for shareholders.”
He added that, “we are delighted with our strong performance this year, particularly the significant growth in operating profit and the marked improvement in cost efficiency. These results reaffirm the success of our strategic initiatives centred on financial discipline, brand strength, and long-term value creation. Our continued investments in operational efficiency, product innovation, and sustainable energy solutions position Vitafoam for sustained growth in the coming year.”
Market analysts commended Vitafoam’s strong showing, highlighting its consistency in profitability, innovation, and prudent capital management.
They stated that, “with improved energy reliability, a stabilising exchange environment, and continuous investment in operational capabilities, Vitafoam is well-positioned for continued growth and market leadership in 2026.”
