VFD Group Plc has announced its financial results for the first half of 2025, posting a profit after tax of N5.01 billion, a 94% surge from N2.58 billion in H1 2024.
According to the group’s financial statement, gross earnings grew 44% year-on-year to N41.17 billion from N28.59 billion, driven by an increase in investment and similar income, which accounted for about 91% of gross earnings, alongside net gains on financial assets.
Investment and similar income rose 50% to N37.58 billion, while net gains on financial assets stood at N2.92 billion.
The Group recorded a 50% increase in net investment income to N35.67 billion. Operating profit rose 64% to N27.16 billion, while investment and similar expenses climbed 50% to N1.92 billion from N1.28 billion. Profit before tax grew to N6.04 billion from N3.35 billion, and earnings per share rose to 49 kobo from 26 kobo.
Total expenses increased 12% to N10.79 billion, driven mainly by a 43.42% surge in personnel expenses to N2.90 billion, attributed to increased staff strength to meet higher business activity.
Commenting on the performance, Nonso Okpala, CEO/managing director of VFD Group, said:
“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. We will continue to deliver value to all our shareholders through execution, discipline, and scale.”
Total assets and liabilities also rose significantly. Total liabilities increased to N288.52 billion from N237.14 billion, while total assets grew to N356.87 billion from N295.67 billion, driven by higher investment in financial assets and funds under management, alongside a 39.61% decline in loans and advances to N37.62 billion from N62.30 billion.
