--- title: "Vukile Financial Results & Updates" description: "Get comprehensive updates of financial results, strategies and forecasts for previous years from Vukile, a top REIT in South Africa." image: https://www.vukile.co.za/wp-content/uploads/2023/06/cheerful-attractive-afro-american-lady-walking-outdoors-while-holding-shopping-bags-laughing.jpg canonical: https://www.vukile.co.za/financial-results/ url: https://vukile.getmd.ai/financial-results/.md last_converted: 2026-04-26T11:20:25.524Z --- ## 2025 annual results highlights A transformative year for Vukile – rotating assets to proactively take advantage of a golden window of opportunity to acquire assets that are accretive and strategically aligned, to achieve greater scale in Iberia, grow the direct asset base by 60% and secure a future stream of growing earnings. [Annual Financial Results Presentation](https://www.vukile.co.za/wp-content/uploads/2025/06/Vukile-Annual-Results-31-March-2025.pdf) [Press Release](https://www.vukile.co.za/wp-content/uploads/2025/06/VKE-2025-06-FY-Results-Press-Release.pdf) [Consolidated Annual Financial Statements](https://www.vukile.co.za/wp-content/uploads/2025/06/Vukile-AFS-2025.pdf) [Supplementary Information to Annual Financial Statements (31 March)](https://www.vukile.co.za/wp-content/uploads/2025/06/Vukile-Supplementary-Information-2025.pdf) [Shortform Advert](https://www.vukile.co.za/wp-content/uploads/2025/06/Vukile-Short-Form-Advert-2025.pdf) [Annual Financial Results Webcast](https://www.corpcam.com/Vukile17062025) [Highlights from CEO Laurence Rapp](https://www.youtube.com/watch?v=vsPr4bHY-Kw) ## 2026 interim results highlights Vukile entered the second half of its financial year in a strong position, well placed to deliver on upgraded guidance and market-leading performance. Following our successful capital raise and ongoing strategic asset rotation, Vukile is ready to unlock an exciting pipeline of deals and projects. [Interim Financial Results Presentation (H1FY26 30 September 2025)](https://www.vukile.co.za/wp-content/uploads/2025/11/Vukile-Interim-Results-30-September-2025-26-Nov-2025.pdf) [Unaudited Consolidated Interim Results](https://www.vukile.co.za/wp-content/uploads/2025/11/Vukile-Unaudited-Consolidated-Interim-Results-September-2025.pdf) [Shortform Advert](https://www.vukile.co.za/wp-content/uploads/2025/11/Vukile-Shortform-Advert-Sept-2025.pdf) [Press Release](https://www.vukile.co.za/wp-content/uploads/2025/11/VKE-Interim-Results-H1FY26-Press-Release.pdf) [Interim Results Webcast](https://www.corpcam.com/Vukile26112025) ## Annual results archive - ### 2024 A year of outperformance delivering remarkable results including a 10.5% increase in dividend per share (DPS) to 124.2cps and 6.7% growth in its funds from operations (FFO) to 154.2cps – driven by our clear strategic direction and laser focus on execution. [Press Release](https://www.vukile.co.za/wp-content/uploads/2024/06/VKE-2024-06-Press-Release-FYResults.pdf) [Summarised Consolidated Results Presentation (31 March)](https://www.vukile.co.za/wp-content/uploads/2024/06/Vukile-Annual-Results-31-March-2024.pdf) [Year End Results Webcast](https://www.corpcam.com/Vukile05062024) [Supplementary Information to Annual Financial Statements (31 March)](https://www.vukile.co.za/wp-content/uploads/2024/06/Vukile-Supplementary-Information-31-March-2024.pdf) [Shortform Advert](https://www.vukile.co.za/wp-content/uploads/2024/06/Vukile-Advert-31-March-2024.pdf) [Consolidated Annual Financial Statements](https://www.vukile.co.za/wp-content/uploads/2024/07/Vukile-AFS-2024.pdf) - ### 2023 Stellar results include 6.2% increase in cash dividend, 6.0% growth in funds from operations (FFO), whilst forecasting FY24 full-year FFO growth of 3% to 5% and dividend per share growth of 7% to 9%, notwithstanding the headwinds in its markets. [Summarised Consolidated Results Presentation (31 March)](https://www.vukile.co.za/wp-content/uploads/2023/06/Vukile-Annual-Results-FY23.pdf) [Press Release](https://www.vukile.co.za/wp-content/uploads/2023/06/Press-Release-VKE-2023-06-FY-results-final.pdf) [Summarised Consolidated Results (31 March)](https://www.vukile.co.za/wp-content/uploads/2023/06/Vukile-YE-Booklet_March-2023.pdf) [Shortform Advert](https://www.vukile.co.za/wp-content/uploads/2023/06/Vukile-Advert-YE-March-202330.pdf) [Consolidated Annual Financial Statements](https://www.vukile.co.za/wp-content/uploads/2023/06/Vukile-AFS-202310.pdf) [Year End Results Webcast](https://www.vukile.co.za/ https://www.corpcam.com/Vukile12062023) - ### 2022 The financial year ending 2022 saw continued strong operating results and a secure financial position to lay the platform for future growth. Highlights include: Strong performance with increased competition for space in South Africa - Market-leading performance from Castellana - Strong balance sheet with well-diversified funding base - Active asset rotation [Summarised Consolidated Results – Microsoft Excel (31 March)](https://www.vukile.co.za/wp-content/uploads/2023/06/2022-Summarised-Consolidated-Results-31-March-2022.xlsx) [Summarised Consolidated Results (31 March)](https://www.vukile.co.za/wp-content/uploads/2023/06/2022-Summarised-Consolidated-Results-31-March-2022.pdf) [Consolidated Annual Financial Statements](https://www.vukile.co.za/wp-content/uploads/2023/06/2022-Consolidated-Annual-Financial-Statements-AFS.pdf) [Year End Results Webcast](https://presentations.corpcam.com/RegistrationPage.aspx?id=Vukile09072022) [Summarised Consolidated Results Presentation (31 March)](https://www.vukile.co.za/wp-content/uploads/2023/06/2022-Summarised-Consolidated-Results-Presentation-31-March-2022.pdf) ### 2021 The financial year ending 2021 saw Vukile emerging from the pandemic with a strong operating platform and a robust financial position. Highlights include: - Sustained performance in Southern Africa with improvements in key operating metrics - Spanish portfolio continues to deliver strong operating performance - Strong balance sheet with well diversified funding base - Further simplified business model - Cash dividend of 101.04 cents per share to be paid in July 2021 [Consolidated Annual Financial Statements](https://www.vukile.co.za/wp-content/uploads/2023/06/2021-Consolidated-Annual-Financial-Statements-AFS.pdf) [Year End Results Webcast](https://presentations.corpcam.com/RegistrationPage.aspx?id=Vukile09062021) [Annual Results Presentation (31 March)](https://www.vukile.co.za/wp-content/uploads/2023/06/2021-Annual-Results-Presentation-YE-31-March-2021.pdf) ### 2020 The financial year ending 2020 saw Vukile’s solid operating platform provide the base off which to tackle the COVID-19 crisis. Highlights include: - 3.2% increase in distributable earnings per share - Impressive retail performance in Spain - Continued strength in southern African portfolio - Strong cash cover and well diversified sources of funding - Operational focus in readying centres to reopen in COVID-19 environment [Reviewed Preliminary Condensed Consolidated Results – Microsoft Excel (31 March)](https://www.vukile.co.za/wp-content/uploads/2023/06/2020-Reviewed-Preliminary-Condensed-Consolidated-Financial-Results-31-March-2020.xlsx) [Reviewed Preliminary Condensed Consolidated Results (31 March)](https://www.vukile.co.za/wp-content/uploads/2023/06/2020-Reviewed-Preliminary-Condensed-Consolidated-Results-31-March-2020.pdf) [Year End Results Webcast](https://presentations.corpcam.com/RegistrationPage.aspx?id=Vukile30062020) [Reviewed Preliminary Condensed Consolidated Results Presentation (30 June)](https://www.vukile.co.za/wp-content/uploads/2023/06/2020-Reviewed-Preliminary-Condensed-Consolidated-Results-Presentation-31-March-2020.pdf) [Annual Results Presentation (30 June)](https://www.vukile.co.za/wp-content/uploads/2023/06/2020-Annual-Results-Presentation-30-June-2020.pdf) ### 2019 [Annual Results Presentation (31 March)](https://www.vukile.co.za/wp-content/uploads/2023/09/2019-Annual-Results-Presentation-31-March-2019.pdf) ### 2018 [Annual Results Presentation (31 March)](https://www.vukile.co.za/wp-content/uploads/2023/09/2018-Annual-Results-Presentation-31-March-2018.pdf) ### 2017 [Annual Results Presentation (31 March)](https://www.vukile.co.za/wp-content/uploads/2023/09/2017-Annual-Results-Presentation-31-March-2017.pdf) ### 2016 [Annual Results Presentation (31 March)](https://www.vukile.co.za/wp-content/uploads/2023/09/2016-Annual-Results-Presentation-31-March-2016.pdf) ### 2014 [Annual Results Presentation (31 March)](https://www.vukile.co.za/wp-content/uploads/2023/09/2014-Annual-Results-Presentation.pdf) ### 2013 [Annual Results Presentation (31 March)](https://www.vukile.co.za/wp-content/uploads/2023/09/2013-Annual-Results-Presentation-31-March-2013.pdf) ### 2012 [Annual Results Presentation (31 March)](https://www.vukile.co.za/wp-content/uploads/2023/09/2012-Annual-Results-Presentation-31-March-2012.pdf) ### 2011 [Audited Condensed Results and Distribution Announcement (31 March 2011)](https://www.vukile.co.za/wp-content/uploads/2023/09/2011-Audited-Condenced-Results-and-Distribution-Announcement-YE-31-March-2011.pdf) [Annual Results Presentation (31 March)](https://www.vukile.co.za/wp-content/uploads/2023/09/2011-Annual-Results-Presentation-31-March-2011.pdf) ## Interim results archive - ### 2025 Our consumer-focus, distinguished by our sector specialisation and international diversification, has secured excellent half-year operational results. This strong performance positions us comfortably to meet our full-year guidance of growth in FFO per share of 2% to 4%, with a trajectory towards the upper end of our 4% to 6% DPS growth target. [Interim Financial Results Presentation (H1FY25 30 September 2024)](https://www.vukile.co.za/wp-content/uploads/2024/11/Vukile-Interim-Results-30-September-2024-26-Nov.pdf) [Press Release](https://www.vukile.co.za/wp-content/uploads/2024/11/Vukile-Interim-Results-Press-Release.pdf) [Shortform Advert](https://www.vukile.co.za/wp-content/uploads/2024/11/Vukile-Advert-Sept-2024.pdf) [Unaudited Consolidated Interim Results](https://www.vukile.co.za/wp-content/uploads/2024/11/Vukile-Unaudited-Consolidated-Interim-Results-Sept-2024.pdf) [Interim Results Webcast](https://www.corpcam.com/Vukile26112024) - ### 2024 [Interim Financial Results Presentation (H1FY24 30 September 2023)](https://www.vukile.co.za/wp-content/uploads/2023/11/Vukile-Interim-results-30-Sep-2023.pdf) [Unaudited Consolidated Interim Results](https://www.vukile.co.za/wp-content/uploads/2023/11/Vukile-Results-Booklet_Sept-2023.pdf) [Shortform Advert](https://www.vukile.co.za/wp-content/uploads/2023/11/Vukile-Advert-Sept-2023.pdf) [Press Release](https://www.vukile.co.za/wp-content/uploads/2023/11/VKE-2023-11-27-Press-Release.pdf) [Interim Results Webcast](https://www.corpcam.com/Vukile29112023) - ### 2023 The financial year ending 2023 saw robust operating results and a defensive financial position from Vukile. Highlights include: The South African portfolio continues to outperform with positive trading metrics and operational results - Castellana leads the market with active asset management and impressive operational results - Balance sheet defensively positioned in a rising interest rate cycle - Optimal capital allocation through active asset rotation - Increase in cash dividend [Unaudited Condensed Consolidated Interim Results – Microsoft Excel (H1 Ended 30 September 2022)](https://www.vukile.co.za/wp-content/uploads/2023/06/2023-Unaudited-Condensed-Consolidated-Interim-Results-H1-Ended-30-September-2022.xlsx) [Unaudited Condensed Consolidated Interim Results (H1 Ended 30 September 2022)](https://www.vukile.co.za/wp-content/uploads/2023/06/2023-Unaudited-Condensed-Consolidated-Interim-Results-H1-Ended-30-September-2022.pdf) [Interim Results Webcast (H1)](https://presentations.corpcam.com/RegistrationPage.aspx?id=Vukile29112022) [Interim Results Presentation (H1 Ended 30 September 2022)](https://www.vukile.co.za/wp-content/uploads/2023/06/2023-Interim-Results-Presentation-H1-Ended-30-September-2022.pdf) ### 2022 The financial year ending 2022 saw continued strong operating results and a secure financial position to lay the platform for future growth. Highlights include: - Southern Africa business now trading ahead of pre-COVID-19 levels - Rapid recovery of Spanish portfolio - Strong balance sheet with well diversified funding base - Further simplified business model - Return to payment of interim dividends [Unaudited Condensed Consolidated Interim Results — Microsoft Excel (H1 Ended 30 September 2021)](https://www.vukile.co.za/wp-content/uploads/2023/09/2022-Unaudited-Condensed-Consolidated-Interim-Results-H1-Ended-30-September-2021.xlsx) [Unaudited Condensed Consolidated Interim Results (H1 Ended 30 September 2021)](https://www.vukile.co.za/wp-content/uploads/2023/06/2022-Unaudited-Condensed-Consolidated-Interim-Results-H1-Ended-30-September-2021.pdf) [Interim Results Webcast (H1)](https://presentations.corpcam.com/RegistrationPage.aspx?id=Vukile30112021) [Interim Results Presentation (H1 Ended 30 September 2021)](https://www.vukile.co.za/wp-content/uploads/2023/06/2022-Interim-Results-Presentation-H1-Ended-30-September-2021.pdf) ### 2021 The financial year ending 2021 saw an unprecedented and challenging operating environment. Despite this, the portfolio performed remarkably well to limit the short-term impacts of the pandemic. Highlights include: - Sustained performance in tough Southern African trading environment - Spanish portfolio holding up very well - Strong balance sheet and well diversified funding base - Extensive tenant relief provided in Southern Africa and Spain [Unaudited Condensed Consolidated Interim Results — Microsoft Excel (H1 Ended 30 September 2020)](https://www.vukile.co.za/wp-content/uploads/2023/09/2021-Unaudited-Condensed-Consolidated-Interim-Results-H1-Ended-30-September-2020.xlsx) [Unaudited Condensed Consolidated Interim Results (H1 Ended 30 September 2020)](https://www.vukile.co.za/wp-content/uploads/2023/09/2021-Unaudited-Condensed-Consolidated-Interim-Results-H1-Ended-30-September-2020.pdf) [Interim Results Webcast (H1)](https://presentations.corpcam.com/webcast16x9_delayed.aspx?id=Vukile30112020) [Interim Results Presentation (H1 Ended 30 September 2020)](https://www.vukile.co.za/wp-content/uploads/2023/06/2021-Interim-Results-Presentation-H1-Ended-30-September-2020.pdf) ### 2020 The financial year ending 2020 saw Vukile’s clear strategic direction and strong operational focus paying off. Highlights include: - 3.5% increase in dividends in line with guidance to 80.84 cents per share - Outstanding retail performance in Spain - Continued strong operational results from defensive portfolio in southern Africa - Robust balance sheet management leading up to upgraded credit rating - 47% of earnings now generated in Spain [Unaudited Condensed Consolidated Interim Results — Microsoft Excel (H1 Ended 30 September 2019)](https://www.vukile.co.za/wp-content/uploads/2023/09/2020-Unaudited-Condensed-Consolidated-Interim-Results-H1-Ended-30-September-2019.xlsx) [Unaudited Condensed Consolidated Interim Results (H1 Ended 30 September 2019)](https://www.vukile.co.za/wp-content/uploads/2023/09/2020-Unaudited-Condensed-Consolidated-Interim-Results-H1-Ended-30-September-2019.pdf) [Interim Results Webcast (H1)](https://presentations.corpcam.com/RegistrationPage.aspx?id=Vukile02122019) [Interim Results Presentation (H1 Ended 30 September 2019)](https://www.vukile.co.za/wp-content/uploads/2023/06/2020-Interim-Results-Presentation-H1-Ended-30-September-2019.pdf) ### 2019 [Interim Results Presentation (H1 Ended 30 September 2018)](https://www.vukile.co.za/wp-content/uploads/2023/09/2019-Interim-Results-Presentation-H1-Ended-30-September-2019.pdf) ### 2018 [Interim Results Presentation (H1 Ended 30 September 2017)](https://www.vukile.co.za/wp-content/uploads/2023/09/2018-Interim-Results-Presentation-H1-Ended-30-September-2017.pdf) ### 2017 [Interim Results Presentation (H1 Ended 30 September 2016)](https://www.vukile.co.za/wp-content/uploads/2023/09/2017-Interim-Results-Presentation-H1-Ended-30-September-2016.pdf) ### 2016 [Interim Results Presentation (H1 Ended 30 September 2015)](https://www.vukile.co.za/wp-content/uploads/2023/09/2016-Interim-Results-Presentation-H1-Ended-30-September-2015.pdf) ### 2015 [Interim Results Presentation (H1 Ended 30 September 2014)](https://www.vukile.co.za/wp-content/uploads/2023/09/2015-Interim-Results-Presentation-H1-Ended-30-September-2014.pdf) ### 2014 [Interim Results Presentation (H1 Ended 30 September 2013)](https://www.vukile.co.za/wp-content/uploads/2023/09/2014-Interim-Results-Presentation-H1-Ended-30-September-2013.pdf) ### 2013 [Interim Results Presentation (H1 Ended 30 September 2012)](https://www.vukile.co.za/wp-content/uploads/2023/09/2013-Interim-Results-Presentation-H1-Ended-30-September-2012.pdf) ### 2012 [Interim Results Presentation (H1 Ended 30 September 2011)](https://www.vukile.co.za/wp-content/uploads/2023/09/2012-Interim-Results-Presentation-H1-Ended-30-September-2011.pdf)