VFD Group Plc, a multi-sectoral investment Company, listed on the main board of the Nigerian Exchange (NGX) has released unaudited first-quarter (Q1) 2025 results.
Gross Earnings
The Company recorded gross earnings of N19.81 billion in Q1’2025, a 29 percent increase relative to N15.35 billion achieved in Q1’2024. The main value drivers were: Investment and similar income (94.33percent of gross earnings) increase of 48 percent to N18.69 billion (Q1 2024: N12.66 billion, 82.48 percent of gross earnings) driven majorly by incomes from interest, treasury activities, loans, advances and placements, and dividend income. Other income of N603 million constituting 3.05 percent of gross earnings (Q1 2024: N2.58 billion, 16.79 percent of gross earnings).