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Vitafoam Nigeria Reports 45% Profit Surge Amid Debt Reduction

Vitafoam Nigeria Plc has reported a 45 percent increase in profit after tax to N13.63 billion for the nine months ended June 30, 2026. This performance was driven by a 7 percent revenue growth to N91.21 billion and a significant 72 percent reduction in finance costs, resulting from aggressive debt management. The company also saw a notable improvement in operating cash flow, which climbed to N21.92 billion, while shareholders’ equity rose by 24.1 percent to N44.11 billion.

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