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Shareholders of Mixta Real Estate Plc, also known as Mixta Africa, have approved a dividend of N12.60 per share, marking the company’s return to dividend payment.
The dividend was approved at the company’s 18th Annual General Meeting (AGM) held at The Club House, Lakowe Lakes Golf and Country Estate, Ibeju-Lekki, Lagos.
The dividend will be paid on September 30, 2026, to shareholders whose names were on the company’s register as at September 2, 2026.
The shareholders also approved the company’s audited financial statements for the year ended December 31, 2025.
The financial results showed a sharp rise in property sales during the year, with revenue from the sale of trading properties increasing to N42.7 billion from N15 billion in 2024.
However, profit after tax fell slightly to N22.1 billion from N23.6 billion recorded in the previous year.
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During the year under review, Mixta said it delivered 152 homes at Ibudo Wura in Lagos and Marula Park, expanding access to affordable housing.
The company said some eligible homebuyers were able to access mortgage financing at an interest rate of 9.75 per cent through the Ministry of Finance Incorporated Real Estate Investment Fund (MREIF).
Established in 2005, Mixta Africa is a pan-African real estate developer with operations in Nigeria, Senegal, Tunisia, Morocco, Algeria, Egypt, Mauritania and Côte d’Ivoire.
The company said it has delivered more than 30,000 homes across the continent in its more than two decades of operation.
In Nigeria, its major projects include Lakowe Lakes Golf & Country Estate, Beechwood Estate along the Lekki-Epe Expressway, Fara Park in Sangotedo, Lagos, Expressview Estate in Lugbe, Abuja, and Garden City Golf Annexe in Port Harcourt.
Mixta said it remains focused on developing affordable and sustainable communities as part of efforts to help reduce Africa’s housing shortage.
