Afriland Properties Plc has reported a revenue of N4.07 billion for the year ended December 31, 2025, marking an eight percent increase from N3.75 billion recorded in 2024. The company's gross profit also rose to N3.51 billion from N3.13 billion in the previous year, reflecting enhanced operational efficiency and disciplined cost management across its core business segments.
Financial Performance Highlights
Profit Before Tax (PAT) stood at N2.60 billion, compared to N3.70 billion in the prior year. The company's total assets grew by 33 percent to N65 billion, up from N48 billion in 2024. Shareholders' funds increased to N36.09 billion from N34.93 billion in the previous year, demonstrating continued balance sheet strength.
Dividend Declaration
In line with its commitment to shareholder value, the directors proposed a total dividend payout of N329.7 million, 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. The dividend was approved by shareholders at the Annual General Meeting.
Chairman's Statement
The Chairman of the company, Emmanuel Nnorom, noted that the 2025 performance reflects resilience, sound governance, and disciplined stewardship in a demanding operating environment. He said: "We remained focused on protecting value, strengthening our asset base, and rewarding shareholders responsibly, while positioning the business to capture future opportunities across the real estate sector."
CEO's Remarks
Managing Director and Chief Executive Officer, Azubike Emodi, stated that the performance underscores the strength of the company's operating model and future growth potential. "Afriland continued to make progress across development, facilities management, asset enhancement, and investment activities, while maintaining a strong focus on efficiency and value creation," he said.
He added that the company is entering a new phase of growth, supported by ongoing and upcoming projects across Lagos, Abuja, and other strategic markets, alongside the repositioning of underutilised assets to improve yield and long-term returns.
Future Outlook
Looking ahead, Emodi said the company remains optimistic about opportunities within Nigeria's real estate market, particularly across residential housing, mixed-use developments, and commercial real estate. He assured shareholders that the company will continue to leverage innovation, strategic partnerships, and disciplined execution to deliver sustainable growth and lasting value for stakeholders.
