Vitafoam Nigeria Plc has announced an exceptional financial performance for the year ended September 30, 2025, reporting a staggering 1,775% year-on-year increase in profit before income tax. The foam and bedding manufacturer posted N21.48 billion in pre-tax profit, marking a significant rebound from its previous fiscal year. This robust growth underscores a period of strategic financial recovery and market expansion for the company.

The company’s impressive profit surge accompanied a substantial rise in group revenue, which grew by 35% to N111.38 billion, up from N82.64 billion in 2024. Profit for the year also saw a dramatic increase of 1,427%, reaching N14.54 billion compared to N952 million in the prior year. These figures highlight a comprehensive improvement across Vitafoam’s operational and financial metrics.

Driving this remarkable financial turnaround were several strategic initiatives and favourable market conditions. Management attributed the strong revenue growth to effective pricing adjustments, coupled with a notable recovery in demand for its diverse range of foam and bedding products. Furthermore, enhanced cost efficiency measures implemented across its various operations played a crucial role in boosting overall profitability.

In light of its stellar results, Vitafoam Nigeria Plc has proposed a substantial dividend of N3 per share, amounting to a total payout of N3.752 billion. This represents a significant 1,455% increase from the previous year, demonstrating the company’s commitment to shareholder returns. Additionally, the board has recommended a bonus issue, granting one ordinary share of 50 kobo for every five existing ordinary shares held by shareholders as of February 6, 2025.

The company’s basic earnings per share reflected this positive trajectory, improving dramatically to N9.43 from a loss of 72 kobo recorded in the preceding year. This shift from a loss-making position to solid profitability at both group and company levels signals a stabilisation of core operations and a strengthened earnings base. Total equity also expanded by 42% year-on-year to N35.55 billion, with net assets per share increasing by 41% to N24.

Vitafoam’s strong financial performance resonated positively in the stock market. Its share price closed at N79.80 on September 30, 2025, marking a 263% increase from N22 in the previous year. By December 24, 2025, the stock had reached N94.60 per share on the Nigerian Exchange (NGX), representing a 311% year-to-date gain from its N23.00 opening price at the start of the year.

This impressive stock performance positioned Vitafoam as one of the top performers on the NGX, ranking 10th in terms of year-to-date growth. The company’s market capitalisation also expanded significantly, rising to N99.82 billion from N27.52 billion, with the number of outstanding shares remaining constant at 1.25 billion. Investors have observed a 13% gain in the stock over the past four weeks, making it the 28th best performer on the NGX during that period.

Over the three months leading up to December 24, 2025, Vitafoam was the 60th most traded stock on the Nigerian Stock Exchange. It recorded a total volume of 99.6 million shares across 10,483 deals, valued at N8.56 billion. The average daily trading volume stood at 1.58 million shares, with a peak of 20.7 million shares traded on December 15 and a low of 40,613 on December 2.

Analysts suggest that Vitafoam’s ability to navigate Nigeria’s challenging high-inflation environment, moving from a loss position to substantial profitability, highlights effective management strategies. These included proactive price adjustments, stringent cost controls, and improved capacity utilisation, which collectively contributed to the earnings rebound despite rising energy and raw material costs.

The robust pretax profit increase signifies a substantial improvement in the company’s fundamental business health. This strong financial standing is expected to enable Vitafoam to sustain its dividend payments, further strengthen its balance sheet, and actively pursue new growth opportunities within the competitive consumer goods sector. For investors, these results solidify Vitafoam’s reputation as a leading performer in the Nigerian market for 2025.

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Keywords: Vitafoam Nigeria, FY 2025 financial results, pre-tax profit surge, Nigerian Exchange (NGX), share price performance, dividend payout, consumer goods sector Nigeria, market capitalisation growth