Vitafoam Nigeria Plc reported a strong financial performance for the three months ended December 31, 2025, driven by higher revenue, improved margins, and a significant reduction in finance costs.
Group revenue increased to ₦31.67 billion, up 10.0 percent from ₦28.80 billion recorded in the corresponding period of 2024. At the company level, revenue rose to ₦27.19 billion, representing a 7.3 percent increase year-on-year.
Cost of sales grew modestly to ₦20.64 billion, compared with ₦20.16 billion a year earlier. As a result, group gross profit expanded sharply to ₦11.03 billion from ₦8.64 billion, while company gross profit also rose to ₦8.77 billion from ₦7.05 billion.
Operating expenses increased during the period, with administrative expenses rising to ₦2.51 billion from ₦1.95 billion, while distribution expenses remained broadly flat at ₦1.07 billion.
The group recorded higher expected credit loss charges of ₦95.8 million, compared with ₦6.8 million in the prior year.
Despite these cost pressures, operating profit rose to ₦7.36 billion, representing a 32.1 percent increase from ₦5.57 billion recorded in the same period of 2024. Company operating profit increased to ₦6.02 billion, from ₦4.62 billion.
Finance income rose slightly to ₦85.9 million, while finance costs declined sharply to ₦517.0 million, compared with ₦1.17 billion in the prior year.
Profit before tax increased to ₦6.93 billion, up from ₦4.47 billion. Tax expense rose to ₦2.35 billion, in line with higher earnings.
Profit for the period stood at ₦4.58 billion, representing a 53.7 percent increase from ₦2.98 billion recorded a year earlier. Profit attributable to owners of the parent rose to ₦4.20 billion, from ₦2.77 billion.
Earnings per share strengthened significantly, with basic and diluted earnings per share rising to 335 kobo, compared with 221 kobo in the corresponding period of 2024.
Total comprehensive income for the period stood at ₦3.76 billion, impacted by higher foreign exchange translation losses from foreign operations, despite stronger underlying profitability.
The quarterly performance reflects improved operating efficiency, stronger margins, and lower financing costs, reinforcing Vitafoam Nigeria Plc’s earnings resilience amid a challenging operating environment.