Investment firm VFD Group, which focuses on growth-oriented firms relatively than worth firms in investing shareholders’ funds, was only a breath away from doubling its internet profit for the primary 9 months of 2026, in comparison with a yr in the past, helped by sturdy development throughout key income streams.
A soar in investment income, in addition to in curiosity from placements and curiosity from debt devices, helped drive gross earnings up by 34.8 per cent to N81.9 billion, its newest earnings report confirmed.
Net investment income climbed 58.8 per cent to N72.2 billion, additional boosted by decrease investment and comparable bills.
Compared to a yr in the past, internet income considerably improved, rising by 42.1 per cent to N77.5 billion, regardless that the tempo of development was tempered by a slide in internet features on monetary belongings at truthful worth by profit or loss.
VFD Group invests the capital it swimming pools collectively from varied institutional traders in Nigerian firms largely as fairness in different companies.
Its portfolio is as different as mortgage-focused Abbey Bank, which obtained a business banking licence currently, digital id startup VerifyMe, the Nigerian Exchange Group, Veritas Kapital Assurance, amongst others.
But its tentacles have prolonged past Nigeria currently to focus on overseas fairness traders in different components of sub-Saharan Africa, the UK and the US, in response to the knowledge on its web site.
In the overview interval, working profit swelled to N58.5 billion from N39.9 billion, lifting Earnings Before Interest, Taxation, Depreciation and Amortisation margin to 71.5 per cent, up from 65.6 per cent a yr in the past.
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The main stress level for earnings was finance value, which soared by 35.7 per cent to N43.3 billion, following a higher curiosity expense on borrowings.
Profit earlier than income tax rose 91.9 per cent to N15.3 billion, whereas profit after tax accelerated to N13 billion from N6.6 billion.
Beyond the outstanding earnings efficiency, the investment firm additionally recorded notable progress on the stability sheet facet, the place complete belongings superior 29.6 per cent to N577.6 billion, and fairness grew 86.7 per cent to N130 billion, each in comparison with final December.
Return on fairness stood at 10 per cent, relative to 9.5 per cent as of the tip of final yr.
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