Vitafoam Shareholders Approve N3.75bn Dividend, Bonus Payout  

Kayode Tokede  

The shareholders of Vitafoam Nigeria Plc, yesterday approved N3.75billion dividend and N125.08 million bonus  payout for 2025 financial year, among other  resolutions at the company’s   64th Annual General Meeting (AGM) held in Lagos. 

The shareholders praised the management for an impressive 2025 financial year performance that led to a N3.00 per ordinary share of 50kobo each dividend payout (amounting to a total of N3.75 billion) as against N1.05 per ordinary share of 50kobo each dividend paid in 2024. 

The shareholders authorised the capitalisation of N125,084,406 from retained earnings for the issuance of bonus shares to existing investors. The bonus shares will be distributed on the basis of one new ordinary share for every five shares held by shareholders whose names appeared in the register of members at the close of business on February 6, 2026.

The group recorded turnover of N111.3 billion, representing an increase of about 34.7 per

cent from N82.6 billion in 2024. Profit before tax surged to N21.3 billion from N1.1 billion,

reflecting an increase of over 1,830 per cent, while profit after tax jumped to N14.5 billion

From N952 million, representing a rise of about 1,423 per cent.

Speaking to shareholders at the AGM, the Chairman, Vitafoam Nigeria, Mr. Zakari Sada said the dividend paid to shareholders reflected the board’s confidence in the company ‘s financial stability and disciplined capital allocation.    

“While the operating environment remains challenging , the board considers  it appropriate to reward shareholders for their patience and support,” he  said.  

He noted that the company closed 2025 on a positive trajectory, with renewed confidence and solid foundations for sustainable future growth.

Also, the Group Managing Director, Vitafoam Nigeria,  Mr.   Taiwo Adeniyi  explained that the impressive performance of 2025 reflected the resilience of the business  and the effectiveness of its cost- optimisation  of the company.

“Overall, the Group’s financial performance in 2025 underscores the underlying strength of our brand, the loyalty of our customers , and the effectiveness of the strategy  adjustments implemented during the year.  Subject to prevailing macroeconomic conditions and unforeseen developments, the company  is positioned to benefit from emerging opportunities  as economic conditions improve,” he said.

Speaking on 2026 outlook,  Adeniyi   stated that the outlook for this year presents both challenges and opportunities,  stressing that the company is expected to implement strategies designed to leverage  on emerging opportunities  while prudently managing the risks associated with the  current operating environment.