VFD Group has reported a pretax profit of N6.03 billion for H1 2025, marking a 79.97% increase from N3.3 billion in H1 2024.
This robust performance underscores the company’s resilience in the Nigerian finance landscape, driven by strategic capital deployment.
Investment income soared 49.5% to N37.5 billion, fueled by key contributors like N9.6 billion in interest from placements, N6.6 billion in general investment income, N6.2 billion from loans and advances, and N5.6 billion from investment logistics.
This diversification highlights VFD Group’s effective portfolio management, resulting in a net investment income of N35.6 billion despite a 49.5% rise in expenses to N1.9 billion.
Gross earnings climbed 43.99% to N41.1 billion, while net revenue grew 44.74% to N37.9 billion, reflecting efficient operations. Total operating expenses increased modestly by 11.54% to N10.7 billion, enabling operating profit to jump 64.15% to N27.1 billion.
Finance costs, primarily from borrowings, escalated 60.18% to N21.1 billion, pressuring the bottom line. However, post-tax profit still advanced to N5 billion from N2.5 billion, demonstrating disciplined financial stewardship in a high-interest environment.
CEO Nonso Okpala attributed the success to “deliberate strategic moves, disciplined portfolio management, improved group-wide efficiency, and focused capital deployment.” Looking ahead, he emphasized the “North Star strategy” for continental expansion, deeper institutional capabilities, and market leadership in Nigerian stocks.
