Foam manufacturer posts record-breaking FY 2025 results, proposes ₦3 dividend and bonus issue to shareholders.
Lagos, Nigeria — December 27, 2025: Vitafoam Nigeria Plc has reported a 1,775% year-on-year surge in profit before tax, climbing to ₦21.48 billion for the fiscal year ended September 30, 2025, compared to ₦1.14 billion in 2024
The company’s group revenue rose 35% to ₦111.38 billion, up from ₦82.64 billion in 2024, while profit after tax jumped 1,427% to ₦14.54 billion, compared to ₦952 million the previous year. This marks one of the strongest earnings recoveries in Nigeria’s consumer manufacturing sector in recent years.
Key Drivers of Growth
- Pricing adjustments helped offset inflationary pressures and currency volatility.
- Recovery in demand for foam and bedding products boosted sales volumes.
- Improved cost efficiency across operations strengthened margins.
- Operational discipline under CEO Taiwo Adeniyi guided the turnaround
Shareholder Rewards
To reflect its robust performance, Vitafoam has proposed:
- A ₦3 per share dividend, totaling ₦3.75 billion — a 1,455% increase from the prior year.
- A bonus issue of one share for every five held, effective February 6, 2025.
- Basic earnings per share improved to ₦9.43, compared to a loss of 72 kobo in 2024
Industry Impact
Analysts say Vitafoam’s results highlight resilience in Nigeria’s manufacturing sector despite macroeconomic challenges. The company’s performance is expected to:
- Boost investor confidence in local manufacturing stocks.
- Encourage expansion of eco-friendly production facilities.
- Support job creation and affordability of foam products for Nigerian households.
CEO Taiwo Adeniyi emphasized that the company’s strategy of innovation, sustainability, and operational discipline will continue to drive growth, even in a challenging economic environment.
