Afriland Properties assures of better returns on new projects
The board of Afriland Properties Plc has assured that the company is entering new growth phase that will deliver higher returns to stakeholders. Speaking at the annual general meeting in
The board of Afriland Properties Plc has assured that the company is entering new growth phase that will deliver higher returns to stakeholders.
Speaking at the annual general meeting in Lagos, Chairman, Afriland Properties Plc, Mr. Emmanuel Nnorom said the performance of the company reflected 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”.
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Managing Director, Afriland Properties Plc, Mr Azubike Emodi, said the company’s performance underscored the strength of its operating model and future growth potential.
According to him, Afriland has 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 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.
He said: “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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The company recorded strong revenue growth, an expanded asset base, and sustained shareholder returns during the year ended December 3, 2025.
At 13th annual general meeting in Lagos, shareholders commended the performance of the company.
For the period under review, the company recorded revenue of N4.07 billion, representing an 8.0 per cent 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.
Demonstrating continued balance sheet strength, the company’s total assets grew by 33 per cent 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.
Shareholders approved payment of a total 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.
