VFD Group PLC (NGX:VFDGROUP)

VFD Group Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Cash & Equivalents	33,638	79,474	13,346	8,374	2,980
Trading Asset Securities	23,813	18,193	11,211	15,983	-
Cash & Short-Term Investments	57,451	97,667	24,557	24,356	2,980
Cash Growth	77.16%	297.72%	0.82%	717.36%	-
Accounts Receivable	26,724	45,702	27,982	8,701	13,468
Other Receivables	9,879	16,370	6,156	3,707	5,062
Receivables	48,544	74,013	46,079	12,408	18,530
Inventory	-	-	-	-	5,241
Prepaid Expenses	2,464	2,505	1,594	1,643	1,374
Other Current Assets	114,338	83,902	19,926	69,390	32,234
Total Current Assets	222,797	258,087	92,156	107,796	60,359
Property, Plant & Equipment	14,791	11,484	12,649	14,691	3,193
Long-Term Investments	200,957	88,213	46,515	41,133	35,117
Goodwill	1,379	1,379	5,534	5,534	5,854
Other Intangible Assets	1,663	193.63	341.85	379.51	263.78
Long-Term Deferred Tax Assets	331.55	688.32	2,089	2,042	1,222
Other Long-Term Assets	114,877	71,449	86,026	28,169	23,777
Total Assets	577,644	445,806	295,669	219,277	151,521

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Accounts Payable	10,324	26,265	16,795	8,086	1,973
Accrued Expenses	2,512	3,361	2,306	1,247	892.65
Current Portion of Long-Term Debt	25,686	20,875	9,028	9,028	9,028
Current Income Taxes Payable	4,217	3,304	3,092	1,772	1,626
Other Current Liabilities	257,510	215,894	90,607	92,088	52,802
Total Current Liabilities	300,249	269,699	121,828	112,220	66,321
Long-Term Debt	143,932	102,989	112,400	72,572	47,700
Long-Term Deferred Tax Liabilities	3,446	3,497	2,915	1,954	1,713
Other Long-Term Liabilities	0	0	-	0	3,186
Total Liabilities	447,627	376,185	237,143	186,747	118,921

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Common Stock	6,334	3,801	633.43	95.01	95.01
Additional Paid-In Capital	60,546	15,606	19,217	7,880	7,880
Retained Earnings	20,525	17,151	11,316	5,190	11,148
Comprehensive Income & Other	18,523	13,628	10,939	7,434	6,690
Total Common Equity	105,928	50,186	42,105	20,599	25,813
Minority Interest	24,089	19,435	16,421	11,931	6,787
Shareholders' Equity	130,017	69,621	58,526	32,531	32,600
Total Liabilities & Equity	577,644	445,806	295,669	219,277	151,521

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Total Debt	169,618	123,864	121,428	81,600	56,728
Net Cash (Debt)	-112,167	-26,197	-96,871	-57,244	-53,748
Net Cash Growth	-	-	-	-	-
Net Cash Per Share	-14.76	-3.45	-12.74	-10.04	-9.43
Filing Date Shares Outstanding	12,668	7,601	7,601	5,701	5,701
Total Common Shares Outstanding	12,668	7,601	7,601	5,701	5,701
Working Capital	-77,452	-11,613	-29,672	-4,424	-5,962
Book Value Per Share	8.36	6.60	5.54	3.61	4.53
Tangible Book Value	102,886	48,613	36,230	14,686	19,694
Tangible Book Value Per Share	8.12	6.40	4.77	2.58	3.45
Land	5,518	-	830.48	1,232	1,435
Machinery	13,481	11,124	8,770	5,886	2,147
Construction In Progress	771.5	3,056	563.96	71.28	-
Leasehold Improvements	2,299	2,272	3,266	6,665	65.54

Data Source: S&P Global Market Intelligence Last updated: Oct 28, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 4, 2026

Data Sources Report a data error