Haldane McCall targets N250bn capital raise as shareholders laud performance, dividend payout

Haldane McCall Plc has disclosed an ambitious growth trajectory anchored on a proposed N250 billion capital raise, reinforcing investor confidence in its expansion strategy, even as it delivered a solid financial performance for the 2025 financial year.

The plan, which will be executed through the issuance of fixed income securities, subject to regulatory approvals, is expected to significantly strengthen the company’s capacity to expand its real estate and hospitality footprint.

The announcement came as part of the resolutions during  the company’s 2nd Annual General Meeting (AGM), where shareholders approved a dividend payout of N169.09 million and expressed strong confidence in the Board and Management for what they described as an exemplary performance in a difficult macroeconomic environment marked by inflationary pressures and foreign exchange volatility.

The company reported a profit after tax (PAT) of N642.46 million for the year ended December 31, 2025, slightly below the N679.63 million recorded in the previous year. Revenue stood at N2.28 billion, with gross profit at N1.81 billion and operating profit of N754.9 million. Total assets rose to N21.83 billion, reflecting improved balance sheet strength and sustained business growth.

Shareholders unanimously passed all the resolutions presented at the AGM, including the re-election of retiring directors, further signalling confidence in the Board’s leadership and long-term strategy.

George Oguntade, chairman of the Board, Haldane McCall Plc reaffirmed the company’s disciplined approach to capital management, stating: “The Board remains committed to a disciplined capital allocation framework that balances immediate shareholder returns with long-term value creation. Historically, dividend distributions have accounted for approximately 30 percent of total shareholder returns, while the remaining 70 percent has been reinvested to support growth, asset acquisition, and balance sheet expansion.”

Speaking on the company’s momentum,  Edward Akinlade, Group Managing Director,
Haldane McCall Plc highlighted the expanding investor base and sustained confidence in the business, noting that the group’s shareholders grew from 464 in 2024 to 1,465 in 2026, reflecting strong market trust in its long-term direction.

“The group’s consistent growth in shareholders’ equity over the past five years underscores the effectiveness of this approach and reflects management’s ability to execute strategy prudently in varying market conditions,” Akinlade said.

A shareholder, Olatunji Bamidele, also hailed the Board and Management for their performance, saying: “The Board and Management have delivered an exemplary performance despite the challenging operating environment. The resilience and consistency demonstrated by the company are commendable.”