Afriland Properties Plc has approved a total dividend payout of N329.7 million for the 2025 financial year, alongside a strong expansion in its asset base, which rose to N65 billion.
The approval was made at the company’s 13th Annual General Meeting held in Lagos, where shareholders reviewed the audited financial statements for the year ended December 31, 2025.
Dividend Breakdown and Payout Structure
Shareholders approved a total dividend of 24 kobo per ordinary share, consisting of an interim dividend of 13 kobo already paid and a final dividend of 11 kobo.
The company said the payout reflects its continued commitment to delivering consistent returns to investors despite a challenging economic environment.
Revenue Growth Despite Profit Pressure
Afriland Properties recorded revenue of N4.07 billion, representing an 8 percent increase from N3.75 billion in 2024.
Gross profit also improved to N3.51 billion, compared to N3.13 billion in the previous year, supported by improved operational efficiency and cost management.
However, profit before tax declined to N2.60 billion, down from N3.70 billion in 2024, reflecting macroeconomic pressures and rising operating costs.
Assets Rise to N65 Billion
The company’s balance sheet showed strong expansion, with total assets increasing by 33 percent to N65 billion, up from N48 billion in the previous year.
Shareholders’ funds also rose to N36.09 billion, compared to N34.93 billion in 2024, indicating continued capital strength and value preservation.
Management Speaks on Performance and Outlook
Chairman of the Board, Emmanuel Nnorom, described the 2025 performance as evidence of the company’s resilience and disciplined strategy in a difficult operating climate.
He said Afriland remains focused on strengthening its asset base, preserving value, and ensuring sustainable returns for shareholders.
Managing Director and Chief Executive Officer, Azubike Emodi, said the results reflect a solid operating model driven by efficiency and execution across its business segments, including property development, facilities management, and investment operations.
He added that the company is entering a new growth phase, supported by ongoing and upcoming projects in key locations such as Lagos and Abuja.
Growth Strategy and Market Outlook
Afriland Properties said it will continue repositioning underutilised assets to improve returns and enhance long-term value creation.
The company expressed optimism about Nigeria’s real estate sector, highlighting opportunities in residential housing, mixed-use developments, and commercial property investments.
It also reaffirmed its commitment to leveraging partnerships, innovation, and disciplined execution to sustain growth and strengthen investor confidence.
