Follow Us on Google
Shareholders of Mixta Real Estate Plc, also known as Mixta Africa, have approved a dividend of N12.60 per share as the real estate company returned to dividend payment following improved property sales and stronger pre-tax performance.
The approval was given at the company’s 18th Annual General Meeting held at The Club House, Lakowe Lakes Golf and Country Estate, Ibeju-Lekki, Lagos.
The dividend is scheduled to be paid on September 30, 2026, to shareholders whose names appeared on the company’s register of members as at September 2, 2026.
Shareholders also approved the audited financial statements for the year ended December 31, 2025.
The company reported a sharp increase in revenue from the sale of trading properties, which rose to N42.7 billion in 2025 from N15 billion recorded in the previous year.
However, profit after tax declined slightly to N22.1 billion from N23.6 billion in 2024.
Other News
The improved sales performance came as the company increased housing delivery and expanded its focus on affordable homeownership.
Mixta said it delivered 152 homes at Ibudo Wura in Lagos and Marula Park, with eligible buyers accessing mortgage financing at an interest rate of 9.75 per cent through the Ministry of Finance Incorporated Real Estate Investment Fund (MREIF).
The company also narrowed its geographical focus during the year, following its exit from Morocco, Tunisia and Côte d’Ivoire, leaving Nigeria and Senegal as its key markets.
Chairman of Mixta Africa, Oladapo Oshinusi, said the company had moved from building its platform and securing partnerships to converting those investments into business performance.
According to him, the company’s theme for the year, “Beyond the Blueprint,” reflected its transition from planning to execution.
The Group Chief Executive Officer, Deji Alli, said the company would focus on accelerating delivery, improving margins and creating sustainable value for shareholders.
He said the company had invested in strategic assets and partnerships across its markets, adding that these would strengthen its ability to deliver housing projects.
Mixta said it would also commence construction of the Garden City Golf Annexe in Rivers State next year. The project will be its first MREIF-aligned development outside Lagos.
The company disclosed that more than 500 homes are currently under construction across Lagos and Port Harcourt.
At the AGM, shareholders also re-elected four retiring directors and re-appointed Deloitte & Touche as the company’s external auditors.
