VB Holdings Limited has reported a dramatic turnaround for the financial year ended December 31, 2025, posting a net profit after tax of $8,636,935 — a rise of 1,146 percent compared with 2024 — and total revenue of $12,191,857, up 286 percent. The asset and fleet management firm said the performance was driven by strong organic growth across core business lines and strategic investment gains, signalling a marked uplift in shareholder value.
The company attributed much of the improvement to expansion in fleet management, which has delivered increasing recurring income through long-term contracts, and to a significant revaluation of its investment portfolio. Chairman Devanesh Sharma said fleet operations now provide “stable, long-term contracted income,” while the investment portfolio has produced “exceptional capital growth alongside increasing dividend returns.” He acknowledged a temporary softness in the property segment as some assets undergo repositioning and upgrades but said those measures are expected to strengthen long-term rental yields and asset quality.
Chief Executive Nitish Niranjan pointed specifically to the revaluation of VB Holdings’ stake in Sun Insurance Company Limited as a key contributor to the FY2025 uplift. Niranjan said the revaluation has materially increased shareholder value and is delivering both capital appreciation and a growing, sustainable dividend income stream. Earlier reporting on Sun Insurance documented a period of strong profitability, which underpins the rise in market value of insurance-sector investments across the market.
VB Holdings’ balance of recurring and investment income was also reflected in its contracted lease revenues, which the company said stand at more than $11.4 million. Management highlighted a “strong pipeline of opportunities” for future growth, indicating confidence in sustaining earnings momentum beyond the 2025 year.
Shareholders benefited directly from the improved result: VB Holdings paid a total dividend of $427,481 for FY2025, equivalent to 20 cents a share, an increase of 11.1 percent on the prior year. The company framed the higher payout as consistent with its strategy to deliver long-term value while retaining capacity to fund growth initiatives.
The FY2025 results present a marked shift from the previous year and underscore the impact of both operational execution and portfolio management on VB Holdings’ bottom line. Management says it will continue to leverage contracted income streams from fleet and property assets and to pursue strategic investments that augment dividend returns and capital growth for investors.
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