VFD Group Past Earnings Performance
Past criteria checks 3/6
VFD Group has been growing earnings at an average annual rate of 52.8%, while the Capital Markets industry saw earnings growing at 17.4% annually. Revenues have been growing at an average rate of 21.1% per year. VFD Group's return on equity is 8.4%, and it has net margins of 10.6%.
Key information
52.84%
Earnings growth rate
42.40%
EPS growth rate
| Capital Markets Industry Growth | -10.25% |
| Revenue growth rate | 21.14% |
| Return on equity | 8.35% |
| Net Margin | 10.55% |
| Last Earnings Update | 31 Mar 2026 |
Recent past performance updates
Recent updates
VFD Group Plc Reports Strong Q1 2026 Earnings Growth Driven by Investment Income Expansion Despite Elevated Finance Costs
Executive Summary Analyst: Qudus Adebara (Research Analyst, DLM Capital Group) VFD Group Plc delivered a solid financial performance for the period ended March 31, 2026, underpinned by strong growth in investment income and diversified revenue streams. Gross earnings rose significantly by 37% YoY to ₦27.1 billion, supported by expansion in investment and similar income across multiple asset classes.VFD Group Plc Delivers Strong FY 2025 Balance Sheet Expansion and Robust Comprehensive Income Despite Margin Pressure from High Finance Cost
Analyst: Qudus Adebara (Research Analyst) Executive Summary VFD Group Plc delivered a solid FY 2025 performance marked by strong balance sheet expansion, resilient core investment income, and exceptional comprehensive income growth , despite persistent pressure from elevated finance costs and higher impairment charges. For the year ended December 31, 2025, the Group recorded Profit After Tax (PAT) of ₦9.68 billion , representing an 11.4% YoY increase , supported by strong fair value gains on equity investments and disciplined cost control.VFD GROUP PLC Q3 Result– Robust Earnings Momentum and Strong Balance Sheet Growth Underpin Solid Nine-Month Performance
Analyst: Qudus Adebara Executive Summary VFD Group Plc reported an impressive performance for the nine months ended 30 September 2025 , with substantial growth across core earnings, profitability, and balance sheet size. The Group sustained its strategic expansion drive across its diversified investment portfolio, demonstrating strong resilience and earnings momentum despite a challenging macroeconomic environment.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.VFD Group Plc Q2/H1 Result – Solid Growth Trajectory Amidst Rising Finance Costs
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.Revenue & Expenses Breakdown
How VFD Group makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 72,869 | 7,690 | 9,310 | 0 |
| 31 Dec 25 | 71,392 | 7,246 | 8,728 | 0 |
| 30 Sep 25 | 71,797 | 6,762 | 8,526 | 0 |
| 30 Jun 25 | 69,454 | 7,093 | 8,347 | 0 |
| 31 Mar 25 | 60,153 | 6,206 | 7,701 | 0 |
| 31 Dec 24 | 56,531 | 5,318 | 7,235 | 0 |
| 30 Sep 24 | 61,200 | 616 | 6,257 | 0 |
| 30 Jun 24 | 50,476 | -3,707 | 5,610 | 0 |
| 31 Mar 24 | 46,976 | -477 | 5,211 | 0 |
| 31 Dec 23 | 34,007 | -2,463 | 4,852 | 0 |
| 31 Dec 22 | 12,143 | 5,360 | 2,597 | 0 |
Quality Earnings: VFDGROUP has a large one-off gain of NGN5.1B impacting its last 12 months of financial results to 31st March, 2026.
Growing Profit Margin: VFDGROUP's current net profit margins (10.6%) are higher than last year (10.3%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: VFDGROUP's earnings have grown significantly by 52.8% per year over the past 5 years.
Accelerating Growth: VFDGROUP's earnings growth over the past year (23.9%) is below its 5-year average (52.8% per year).
Earnings vs Industry: VFDGROUP earnings growth over the past year (23.9%) exceeded the Capital Markets industry 16.7%.
Return on Equity
High ROE: VFDGROUP's Return on Equity (8.4%) is considered low.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/31 08:31 |
| End of Day Share Price | 2026/07/31 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
VFD Group PLC is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.