VFD Group PLC (NGX:VFDGROUP)

Nigeria · Delayed Price · Currency is NGN

10.65

+0.40 (3.90%)

At close: Jul 24, 2026

VFD Group Financials Overview

Financials in millions NGN. Fiscal year is January - December.

Millions NGN. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	72,869	71,392	56,531	34,007	12,143
Revenue Growth	21.14%	26.29%	66.23%	180.07%	-
Gross Profit	70,264	68,790	54,649	33,272	12,143
Operating Income	45,100	45,635	35,159	20,604	2,035
Net Income	7,690	7,246	6,265	-2,463	5,360
Earnings Per Share	0.86	0.95	0.82	-0.43	0.94
EPS Growth	-8.48%	15.85%	-	-	-

Revenue by Geography

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Nigeria	62,423	56,523	36,047	20,422
Ghana	6,233	6,359	4,993	46.6
Total	68,656	62,882	41,040	20,469

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Investments	53,170	97,667	24,557	24,356	2,980
Total Debt	104,742	123,864	121,428	81,600	56,728
Net Cash (Debt)	-51,572	-26,197	-96,871	-57,244	-53,748
Net Cash Growth	-	-	-	-	-
Net Cash Per Share	-5.82	-3.45	-12.74	-10.04	-9.43

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Operating Cash Flow	78,182	113,992	-36,598	-8,728	23,898
Capital Expenditures	-9,626	-6,643	-5,858	-4,803	-3,124
Free Cash Flow	68,556	107,349	-42,456	-13,530	20,774
Free Cash Flow Growth	-	-	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Gross Margin	96.43%	96.36%	96.67%	97.84%	100.00%
Operating Margin	61.89%	63.92%	62.19%	60.59%	16.76%
Pretax Margin	20.92%	19.86%	17.72%	-3.00%	70.68%
Profit Margin	10.55%	10.15%	11.08%	-7.24%	44.14%
FCF Margin	94.08%	150.37%	-75.10%	-39.79%	171.08%

Dividends

Fiscal Year	Current	FY 2025	FY 2024
Period Ending	Jul '26 Jul 27, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024
Dividend Per Share	0.250	0.250	0.417
Dividend Per Share Growth	0%	-40.01%	-
Dividend Yield	2.35%	2.33%	6.59%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jul '26 Jul 27, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
PE Ratio	12.41	11.54	8.98	-	-
P/FCF Ratio	1.97	0.78	-	-	-
PS Ratio	1.85	1.17	1.00	1.13	-