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Afriland Properties Plc has reported an increase in its total assets to N65 billion in its 2025 financial year, alongside a rise in revenue to N4.07 billion, according to its audited results for the year ended December 31, 2025.
The performance, presented at the company’s 13th Annual General Meeting (AGM), showed that total assets grew by 33 per cent from N48 billion in 2024, while revenue rose by 8 per cent from N3.75 billion recorded in the previous year. Gross profit also increased to N3.51 billion from N3.13 billion, reflecting improved operational performance.
However, profit before tax declined to N2.60 billion, compared to N3.70 billion in 2024. Shareholders’ funds rose marginally to N36.09 billion from N34.93 billion in the corresponding period, indicating a relatively stable equity position.
The company also approved a total dividend of N329.7 million, translating to 24 kobo per ordinary share. This comprises an interim dividend of 13 kobo already paid and a final dividend of 11 kobo, which was approved at the annual general meeting.
Chairman of the Board, Emmanuel Nnorom, said the results reflected the company’s approach to governance and value protection. 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.”
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Managing Director and Chief Executive Officer, Azubike Emodi, said the company recorded progress across its operational areas despite market pressures.
“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 was entering a new phase of growth, supported by projects across Lagos, Abuja and other locations, as well as efforts to reposition underutilised assets.
Afriland Properties said it expects continued opportunities in Nigeria’s real estate sector, particularly in residential, mixed-use and commercial developments, and plans to focus on partnerships, innovation and operational efficiency to support growth.
