Vitafoam Nigeria Plc has announced its unaudited financial results for the 12 month period ended September 30, 2025, recording exceptional growth.
According to unaudited results filed with the Nigerian Exchange Limited (NGX), Vitafoam's profit before tax (PBT) grew by an impressive 1,751 per cent to N21.2 billion by September 30, 2025 from N1.1 billion in September 2024, while profit after tax (PAT) grew by an impressive 1,407 per cent to N14.3 billion from N952 million last year. Gone.
The company said the record growth reflects strong operating execution, disciplined cost management and a strong rebound from last year's foreign exchange (FX) headwinds.
Also read:Vitafoam targets N1.375bn dividend payout
Vitafoam also recorded significant improvement in its earnings per share (EPS) during the review period, which increased from 29 kobo to 1,067 kobo. Other key performance indicators show similar upward trends, underscoring the company's flexible business model and strategic focus.
“This remarkable performance reflects our unwavering commitment to operational excellence, cost efficiency and sustainable value creation for shareholders,” said Taiwo Adeniyi, Group Managing Director/Chief Executive Officer, Vitafoam Nigeria Plc.
“We are pleased with our strong performance this year, particularly the significant increase in operating profit and significant improvement in cost efficiency. These results confirm the success of our strategic initiatives focused on financial discipline, brand strength and long-term value creation.
“Our continued investment in operational efficiency, product innovation and sustainable energy solutions positions Vitafoam for continued growth in the year ahead,” he said.
Also read: Vitafoam proposes N1.9bn dividend payout on earnings rise
With a free float value of N65 billion (65.86 percent) by September 30, 2025, Vitafoam Nigeria Plc is in line with the free float requirements of the Nigerian Exchange Limited for companies listed on the main board.
Market analysts lauded Vitafoam's strong performance and highlighted its consistency in profitability, innovation and prudent capital management.
One analyst commented, “With improved energy reliability, a stable exchange environment and continued investment in operational capabilities, Vitafoam is well positioned for continued growth and market leadership into 2026.”
