VFD Group Targets N2.997bn Profit for Q1-2026
VFD Group has forecasted N2.997 billion profit after tax for the first quarter of financial year 2026, the company said in its earnings target disclosed on the Nigerian Exchange.
The diversified investment group set N22.781 billion as its expected gross earnings in the first three months of operations next year.
Its earnings forecast breakdown showed that investment and similar income is projected to print at N17.685 billion in Q1 2026, balanced against related expenses of N3.273 billion.
This left VFD Group with projected net investment income of N14.411 billion in the period. The group said in its forecast that it hopes to see N5.096 billion from other income sources.
The first three months of operation are projected to deliver N19.507 billion as operating income, from which the group anticipates covering its operating expenses.
The investment group projected total operating expenses to print at N6.966 billion in the first three months of 2026. Eating further into its bottom line, VFD projected finance costs to reach N7.466 billion.
The report indicates that the management is expecting the group’s profit before tax expenses to berth at N4.281 billion in Q1 2026. However, VFD sees its tax expenses for the period to reach N1.284 billion, resulting in a profit after tax of N2.997 billion in the period. #VFD Group Targets N2.997bn Profit for Q1-2026#
