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VFD GROUP PLC Q3 Result– Robust Earnings Momentum and Strong Balance Sheet Growth Underpin Solid Nine-Month Performance

Published
10 Feb 25
Updated
09 Nov 25
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Wane_Investment_House's Fair Value
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1Y
52.6%
7D
-1.0%

Author's Valuation

₦11.510.4% undervalued intrinsic discount

Wane_Investment_House's Fair Value

Shared on 09 Nov 25

Fair value Decreased 18%

VFD GROUP PLC Q3– Strong Earnings Growth and Solid Balance Sheet Strength amid Strategic Portfolio Expansion

Executive Summary VFD Group Plc (VFD or “the Group”) reported a resilient performance for the nine months ended 30 September 2025, reflecting strong growth across its core income lines and continued diversification of its investment portfolio. The Group delivered a gross earnings increase of 34.9% year-on-year to ₦60.72 billion (9M 2024: ₦45.01 billion), driven by sustained momentum in investment income and fair value gains on financial assets.

Shared on 17 Oct 25

VFD Group Plc – Launches ₦50.67 Billion Rights Issue to Strengthen Capital Base and Accelerate Pan-African Expansion VFD Group Plc , one of Nigeria’s leading investment holding companies, has announced the launch of a ₦50.67 billion Rights Issue aimed at strengthening its capital base, improving liquidity, and accelerating its expansion into Africa and the United Kingdom. The offer comprises 5,067,396,400 ordinary shares of 50 kobo each , priced at ₦10 per share , on the basis of two new shares for every three existing shares held.

Shared on 11 Aug 25

Fair value Decreased 79%

revaluation

Shared on 30 Jul 25

WaneInvestmentHouse made no meaningful changes to valuation assumptions.

Shared on 27 Jun 25

WaneInvestmentHouse has decreased revenue growth from 7.5% to 0.0% and decreased shares outstanding growth rate from 0.1% to 0.0%.

Shared on 11 Apr 25

Fair value Increased 52%

WaneInvestmentHouse has decreased revenue growth from 17.5% to 7.5% and increased profit margin from 25.7% to 50.7%.

Shared on 12 Feb 25

Fair value Increased 10%

WaneInvestmentHouse has increased revenue growth from 15.3% to 17.5%.