Afriland Properties grows revenue to N4.07bn

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 were presented to shareholders at the Company’s 13th Annual General Meeting. For the period under review, the […]

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 were presented to shareholders at the Company’s 13th Annual General Meeting.

For the period under review, the Company recorded revenue of N4.07 billion, representing an 8% 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% 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.

In line with its commitment to shareholder value, the Board of Directors proposed 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. 

The dividend was approved by shareholders at the Annual General Meeting.

Commenting on the results, Chairman of the Board, Emmanuel Nnorom, pointed out that the Company’s 2025 performance reflects resilience, sound governance, and disciplined stewardship in a demanding operating environment. 

Also speaking on the results, Managing Director/CEO, Mr Azubike Emodi, 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.