Afriland Properties Plc, a leading real estate development and management company, has announced its audited financial results for the year ended December 31, 2025, showcasing strong revenue growth, an expanded asset base, and sustained shareholder returns.
The results presented to shareholders at the Company’s 13th Annual General Meeting held virtually show a full year dividend payout of N329.7 million, representing 24 kobo per ordinary share, comprising an interim dividend of 13 kobo per share already paid and a final dividend of 11 kobo per share.
For the period under review, the Company recorded revenue of N4.07 billion, representing an 8 percent increase from N3.75 billion in 2024. Gross profit rose to N3.51 billion from N3.13 billion in the prior year, reflecting improved operational efficiency and disciplined cost management across key business lines. Profit Before Tax stood at N2.60 billion, compared to N3.70 billion in 2024.
Commenting on the results, Emmanuel Nnorom, chairman of the Board pointed out that the Company’s 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.”
“What we implemented in 2025 was a deliberate strategy to take the company to greater heights, and despite challenges, we successfully delivered on key initiatives.”
“The past year was challenging due to exchange rate volatility and economic shifts, but our forward-planning approach helped us manage rising costs and sustain value for shareholders.”
“As a real estate company, we continue to execute across facility management, construction, and property development, with a balanced model of sales and leasing.”
On the performance, Nnorom said, “Our performance reflects growth across key indicators, with increased revenue driven by project completions and a strong development pipeline.”
“The decline in profit after tax is largely due to deferred tax adjustments, which do not reflect the true strength of our underlying performance.”
Also speaking on the results, Azubike Emodi, managing director/CEO, 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.
“We remain committed to delivering value, as demonstrated by our dividend payout of 24 kobo per share despite a challenging environment.”
On the performance he said the decline in profit is not a loss of value but a reflection of projects still under development, with revenue to be realised upon completion and sale.”
“As these projects come to market, we expect a strong rebound in revenue and profitability in 2026 and beyond.”
Demonstrating continued balance sheet strength, the Company’s total assets grew by 33 percent to N65 billion, up from N48 billion in 2024. Shareholders’ funds also increased to N36.09 billion from N34.93 billion in the previous year.
Looking ahead, the Company remains optimistic about opportunities within Nigeria’s real estate market, particularly across residential housing and mixed-use developments and commercial real estate. Afriland Properties Plc will continue to leverage innovation, strategic partnerships, and disciplined execution to deliver sustainable growth and lasting value for stakeholders.
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