Vitafoam Nigeria Plc, Nigeria’s leading manufacturer of flexible and rigid polyurethane foam products, has released its unaudited financial results for the first quarter (Q1) ended December 31, 2025 (Q1 2026).
The report highlights a period of steady growth and resilient profitability despite a challenging macroeconomic environment.
Financial Performance Highlights
Vitafoam continues to demonstrate its market leadership with significant growth across its top and bottom lines:
Revenue Growth: The Company recorded a 9.96% increase in revenue, rising to N31.67 billion, compared to N28.80 billion in the corresponding period of 2024.
Profitability: Profit Before Tax (PBT) reached a strong N6.93 billion.
Net Income: Profit After Tax (PAT) stood at N4.58 billion, reflecting the company’s efficient cost management and operational excellence.
Market Valuation: As of the reporting date, Vitafoam’s Share Price (SP) stands at N112.00, reflecting investor confidence in the company’s long-term value proposition.
Operational Excellence and Market Resilience
The 10% uptick in revenue underscores the sustained demand for Vitafoam’s diverse product range, which spans household furniture, sleep products, and industrial materials. The transition into the 2026 financial year showcases the brand’s ability to navigate inflationary pressures while maintaining healthy margins for its shareholders.
Future Outlook
With a Profit After Tax of N4.58 billion in the first quarter alone, Vitafoam is well-positioned to maintain its trajectory of growth throughout the 2026 fiscal year.
The company remains focused on expanding its footprint across the West African sub-region and investing in sustainable manufacturing technologies.