Vitafoam Nigeria Plc, a leading producer of rigid and flexible foam products partly owned by Nigerian industrialist Samuel Bolarinde, posted strong revenue growth in the first quarter of its 2026 fiscal year, building on a robust 2025 performance.
The companys revenue rose to N31.7 billion 22.8 million, up from N28.8 billion 20.8 million in the same period last year, driven largely by higher domestic sales of foam products and furniture. Revenue from markets outside Nigeria fell slightly to N1.19 billion 0.85 million from N1.3 billion 0.93 million a year earlier.
Vitafoam posts strong quarterly profit
