VFD Group Plc, a principal investment company listed on the Nigerian Exchange, has reported a significant surge in its financial performance for the first quarter ended March 31, 2026. The Group’s unaudited financial statements reveal a transition into a high-growth “earnings-translation” phase, marked by a 37 per cent increase in consolidated gross earnings to N27.07bn.
The Group’s profit before tax rose by 26 per cent to N5.19bn, while the standalone company performance, which reflects the core earning power of its investment activities, saw PBT more than double, soaring 102 per cent to N2.11bn. Commenting on the results, the Group Managing Director of VFD Group Plc, Nonso Okpala, said, “Over the last two years, we have done the difficult work of reshaping the portfolio, recapitalising the balance sheet, and aligning every entity in the Group to a clear principal investment thesis.
“The fact that Company-level profit has more than doubled tells you the level of capital deployment efficiency the investment company possesses.” Related News NGX revenue jumps as trading activity boosts earnings Geregu Power posts N60.7bn equity growth in Q1 2026 Shareholders hail GTCO’s N12.76 dividend payout The results follow a period of aggressive capital raising and portfolio restructuring.
Investment income, a key driver of the Group’s top-line growth, increased by 27 per cent to N23.99bn, while fee income also showed broad-based improvement across its diversified subsidiaries. Also commenting, the Executive Director, Finance & IR, Folajimi Adeleye, said, “We are entering Q2 with a stronger capital base, lower funding cost trajectory, and a higher-quality earning asset mix.
“The full effect of our N50.4bn rights issue that only became fully available toward the end of the quarter has not yet been reflected in these numbers. Hence, we expect the next phase to be considerably more emphatic.” VFD Group continues to scale its regional capital deployment in line with its pan-African thesis, holding significant investments in Nigeria, Ghana, and South Africa.
Looking ahead, the Group reaffirmed its strategic priorities for 2026, which focus on deepening its investment platform and delivering compounding value to shareholders through both capital appreciation and consistent earnings. The Group’s unaudited financial statements reveal a transition into a high-growth “earnings-translation” phase, marked by a 37 per cent increase in consolidated gross earnings to N27.07bn.
Looking ahead, the Group reaffirmed its strategic priorities for 2026, which focus on deepening its investment platform and delivering compounding value to shareholders through both capital appreciation and consistent earnings. The Group’s profit before tax rose by 26 per cent to N5.19bn, while the standalone company performance, which reflects the core earning power of its investment activities, saw PBT more than double, soaring 102 per cent to N2.11bn.
Looking ahead, the Group reaffirmed its strategic priorities for 2026, which focus on deepening its investment platform and delivering compounding value to shareholders through both capital appreciation and consistent earnings. Commenting on the results, the Group Managing Director of VFD Group Plc, Nonso Okpala, said, “Over the last two years, we have done the difficult work of reshaping the portfolio, recapitalising the balance sheet, and aligning every entity in the Group to a clear principal investment thesis.
Looking ahead, the Group reaffirmed its strategic priorities for 2026, which focus on deepening its investment platform and delivering compounding value to shareholders through both capital appreciation and consistent earnings. “The fact that Company-level profit has more than doubled tells you the level of capital deployment efficiency the investment company possesses.” Related News NGX revenue jumps as trading activity boosts earnings Geregu Power posts N60.7bn equity growth in Q1 2026 Shareholders hail GTCO’s N12.76 dividend payout The results follow a period of aggressive capital raising and portfolio restructuring.
Looking ahead, the Group reaffirmed its strategic priorities for 2026, which focus on deepening its investment platform and delivering compounding value to shareholders through both capital appreciation and consistent earnings. The results follow a period of aggressive capital raising and portfolio restructuring.