Vitafoam Nigeria Plc grew its profit after tax (PAT) by 45 percent to N13.63 billion in the first nine months of its 2025/2026 financial year.
This is as strong cash flow, aggressive debt reduction and significantly lower finance costs offset modest revenue growth and strengthened overall profitability.
The leading flexible, reconstituted, rigid foam and allied domestic products manufacturer generated stronger operating cash flows during the period.
The improved financial position translated into higher earnings quality, with profitability driven not only by sales growth but also by more efficient capital management and disciplined cost control.
The nine-month performance underscores Vitafoam’s resilience in a challenging operating environment marked by elevated production costs and tight financing conditions.
With liquidity strengthened and shareholders’ equity continuing to expand, the company appears well positioned to sustain earnings growth and create greater value for shareholders.
The unaudited results for the nine months ended June 30, 2026, showed
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