HEREL Limited, VFD Group’s real estate and hospitality arm, led FY2025 performance.
It actively generated ₦5.8 billion pre-tax profit, making it the group’s top subsidiary.
As a result, it contributed 41% of VFD Group’s total pre-tax profit of ₦14.1 billion.
HEREL Limited Leads VFD Group Profitability In FY2025
It clearly outperformed Anchoria Asset Management, VFD Tech, and VFD Microfinance Bank.
Specifically, Anchoria recorded ₦2.6 billion, while VFD Tech earned ₦1.29 billion.
Meanwhile, VFD Microfinance Bank posted ₦1.15 billion in pre-tax profit.
HEREL achieved this result by generating ₦11.9 billion in operating income.
Then, it deducted ₦6.1 billion in expenses and delivered ₦5.8 billion pre-tax profit.
Additionally, it reported ₦3.8 billion post-tax profit, strengthening its financial position.
Consequently, VFD Group increased its stake in HEREL from 82% to 85% in 2025.
This move reflected stronger confidence in HEREL’s future earnings and stability.
Furthermore, HEREL expanded its book value from ₦21.4 billion to ₦28.1 billion.
Group Portfolio Expansion And Asset Growth
Across the group, total subsidiary value rose by 28.24% to ₦39.1 billion.
The group actively managed eight Nigerian subsidiaries and one Ghanaian subsidiary.
Notably, HEREL dominated the portfolio by contributing 72% of total value.
It held a valuation of ₦28.1 billion, far ahead of other subsidiaries.
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In comparison, VFD Microfinance Bank ranked second at ₦6.5 billion.
Similarly, VFD Ghana followed at ₦2.1 billion, while VFD Tech reached ₦1.25 billion.
Anchoria Asset Management contributed ₦500.1 million to the portfolio.
In addition, Template Limited and others supported the remaining group value.
Importantly, VFD Ghana operated as the group’s only foreign subsidiary.
Its value rose from ₦1.5 billion in 2024 to ₦2.1 billion in 2025.
Operational Strength And Market Performance
Although VFD Microfinance Bank generated higher operating income of ₦13.4 billion, it also incurred higher costs.
By contrast, HEREL controlled costs effectively and maximised profitability.
Therefore, HEREL delivered the highest pre-tax profit in the group.
HEREL actively focuses on real estate development and hospitality services.
It earns revenue from property development, leasing, facility management, and hospitality operations.
As a result, it combines recurring income with long-term asset appreciation.
Meanwhile, VFD Group increased earnings per share to 95 kobo in 2025.
This marked a rise from 82 kobo in the previous year.
The board also declared a final dividend of 25 kobo per share for shareholders.
It scheduled payment for May 25, 2026.
In March 2026, VFD Group successfully raised ₦27.2 billion through commercial paper issuance.
Investors strongly oversubscribed the offer by 81% of the initial target.
Finally, on the Nigerian Exchange, the share price stood at ₦11.20 on April 14, 2026.
The stock gained 1.82% year-to-date at mid-trading.
