VFD Group shares soar 69% within the Nigerian inventory market following a wave of constructive occasions

Shares of VFD Group Plc have surged by 69% month-to-date, reaching N79.80 by market shut on April 10, 2025, up from a month-to-month opening value of N47.20. 

The group printed its audited {financial} assertion for the 12 months ended December 31, 2024, reporting a pre-tax revenue of N11.2 billion, a shift from the pre-tax lack of N1 billion recorded in 2023, largely attributed to a rise in funding earnings. 

Funding earnings soared by 97.95% year-on-year to N74.5 billion, contributing to a 95% enhance in web curiosity earnings to N58.9 billion, regardless of funding bills spiking to N15.5 billion. 

In late March 2025, the group introduced that its board permitted investments in Abbey Mortgage {Bank} Plc and the e-commerce platform Bvndle Loyalty Restricted, with the objective of strengthening the operations of those firms and permitting VFD to pursue new, worthwhile alternatives. 

 Up to now in April 2025, VFD shares have surged with a market quantity of over 14 million shares, breaking above the N70 barrier. 

Market development 

In 2024, VFD Group recorded a year-to-date efficiency of 9% within the Nigerian inventory market, rising from N40.60 to shut at N44.40.  

• January 2025 noticed no value actions, with the inventory stalling at N44.40 regardless of a market quantity of 4.3 million shares.  

• Bullish value motion started in mid-February, propelling the inventory previous the N50 barrier to shut the month at N52.40.  

In March, the inventory closed at N47.20. Nevertheless, to date in April, it has surged to N79.80, with a market quantity of over 14 million shares, in comparison with simply 2 million shares in March. 

Attainable drivers of bullish motion 

Whereas the explanations behind the latest rise in share value aren’t fully clear, a number of elementary occasions—significantly funding actions—could have contributed to a extra constructive outlook amongst buyers. 

In February 2025, VFD Group introduced a capital injection of N5 billion into VFD Microfinance {Bank} (V {Bank}), efficient February 18, 2025, aimed toward enhancing its banking companies. 

Later, in March 2025, the group revealed that its board permitted investments in Abbey Mortgage {Bank} Plc and the e-commerce platform Bvndle Loyalty Restricted.  

• These investments are meant to assist the operations of those firms and assist VFD faucet into new development alternatives. 

Moreover, the VFD Board licensed funding for its subsidiaries—VFD UK and VFD South Africa—to help of their growth efforts within the UK and throughout Africa. 

For FY 2024, the group reported a pre-tax revenue of N11.2 billion, recovering from the N1 billion loss reported in 2023.  

• This enchancment was primarily resulting from a 97.95% enhance in funding earnings, which rose to N74.5 billion from N37.6 billion the earlier 12 months. 

Commenting on the outcomes, Group Managing Director and CEO Nonso Okpala famous, “Investments and divestments have helped enhance our earnings this 12 months. We’re centered on constructing our {financial} stability, increasing our funding choices, and enhancing our governance, with an emphasis on digital innovation.”