Afriland Properties Plc has reported a resilient financial performance for the year ended 31 December 2025, recording growth in revenue, a significant expansion in total assets, and sustained returns to shareholders.
The company disclosed its audited results at its 13th Annual General Meeting held in Lagos on Wednesday.
According to the company, its revenue rose eight per cent to N4.07bn, compared to N3.75bn in 2024, supported by steady contributions from its development, property management, and investment segments, while gross profit also increased to N3.51bn from N3.13bn, reflecting improved operational efficiency and disciplined cost management.
It added that its Profit Before Tax, however, declined to N2.60bn from N3.70bn in the previous year, indicating a shift in earnings dynamics despite stronger top-line growth.
Speaking at the event, the Chairman of Afriland Properties Plc, Emmanuel Nnorom, said the company’s balance sheet strengthened considerably during the period, with total assets growing 33 per cent to N65bn, up from N48bn in 2024, adding that shareholders’ funds rose to N36.09bn from N34.93bn, underscoring the company’s solid financial position.
He added that in line with its commitment to delivering shareholder value, the Board approved a total dividend payout of N329.7m, representing 24 kobo per ordinary share.
“This comprises an interim dividend of 13 kobo per share already paid and a final dividend of 11 kobo per share approved at the meeting,” he added.
Nnorom said the performance reflects resilience, sound governance, and disciplined stewardship in a challenging operating environment.
According to him, the company remained focused on protecting value, strengthening its asset base, and positioning for future opportunities.
Also speaking, the Managing Director/CEO of Afriland Properties Plc, Azubike Emodi, noted that the results highlight the strength of Afriland’s operating model and its growth potential.
He said the company continued to make progress across development, facilities management, asset enhancement, and investment activities, while maintaining a strong focus on efficiency and value creation.
He added that Afriland is entering a new phase of growth, supported by ongoing and planned projects in key markets such as Lagos and Abuja, alongside efforts to reposition underutilised assets to improve yield and long-term returns.
Looking ahead, Afriland Properties expressed optimism about opportunities in Nigeria’s real estate sector, particularly in residential housing, mixed-use developments, and commercial real estate.
The company said it will continue to leverage innovation, strategic partnerships, and disciplined execution to deliver sustainable growth and long-term value for stakeholders.
