VFD Group Posts Profit After Tax Of N5.01bn In H1

VFD Group Plc has reported a profit after tax of N5.01 billion, demonstrating strong financial performance and resilience in a challenging economic landscape in its unaudited financial results for the first half (H1) ended June 30, 2025.

The company’s H1 showed the Group recorded profit before tax growth of 80 per cent to N6.04 billion in H1 2025 from N3.35 billion in H1 2024. Profit after tax grew by 94.19 per cent from N2.58 billion in H1 2024 to N5.01 billion under the period review, while earnings per share stood at 49 from 26 kobo.

Gross earnings were up 44 per cent to N41.17 billion in H1 2025, as opposed to N28.59 billion in H1 2024. The Group recorded net investment income growth of 50 per cent to N35.67 billion, compared to N23.86 billion, benefitting from investment and Similar Income. This resulted in a net investment income margin of 94.90 per cent.

Net revenue increased by 45 per cent to N37.95 billion compared to N26.22 billion. Operating profit rose by 64 per cent in H1 2025 to N27.16 billion from N16.54 billion, while operating profit margin increased by 14 per cent to 65.99 per cent compared to 57.88 per cent in H1 2024.

The Group’s total assets for the period stood at N356.87 billion, up from N295.67 billion as of December 2024.

RELATED

Marketers Blame NNPC For Delay As Port Harcourt Refinery Shutdown Drags

5 hours ago

Non-oil Exports Rise By 19.6% In H1 – NEPC

5 hours ago

Speaking, the chief executive officer/managing director of VFD Group, Nonso Okpala, said that “our first-half performance in 2025 reflects the underlying strength of our strategy and the resilience of the institution we have built over the last 15 years. We delivered N5.01 billion in profit after tax, while gross earnings grew by 44 per cent to N41.17 billion, evidence of our discipline towards execution and a maturing portfolio.”

He stated that “our total assets expanded to N356.87 billion, up from N296.86 billion at year-end, and shareholders’ equity rose to N68.35 billion further strengthening our balance sheet and financial agility.

“These financial outcomes are a result of deliberate moves: disciplined portfolio management, improved group-wide_ efficiency, and focused capital deployment. Our investee companies are no longer just holdings, they are contributors to an ecosystem that multiplies value across fintech, asset management, banking, real estate and capital markets.”

Okpala disclosed that “as we look ahead, we remain guided by our fourth star strategy, one that points toward continental expansion, deeper institutional capability and market leadership. We will continue to deliver value to all our shareholders through execution, discipline, and scale”