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🇳🇬 Nigeria /Economy & Trade

Afriland Properties reports 8% rise in revenue

From The Punch · (Apr 24) English Positive tone

Summarized and contextualized by DistantNews.

TLDR

  • Afriland Properties Plc reported an 8% rise in revenue to N4.07bn for the year ended December 31, 2025, supported by its development, property management, and investment segments.
  • The company's Profit Before Tax declined to N2.60bn from N3.70bn, despite increased revenue, while total assets grew 33% to N65bn.
  • Afriland Properties Plc's Board approved a total dividend payout of N329.7m, reflecting a commitment to shareholder value amidst a challenging operating environment.

Afriland Properties Plc has demonstrated resilience in its financial performance for the year ending December 31, 2025, posting an 8% increase in revenue to N4.07 billion. This growth, driven by steady contributions from its core segments—development, property management, and investment—underscores the company's operational efficiency and disciplined cost management, which also led to an increase in gross profit to N3.51 billion.

This comprises an interim dividend of 13 kobo per share already paid and a final dividend of 11 kobo per share approved at the meeting.

— Emmanuel NnoromThe Chairman of Afriland Properties Plc detailing the dividend payout to shareholders.

Despite the strong top-line growth, the company experienced a decline in Profit Before Tax, which fell to N2.60 billion from N3.70 billion in the prior year. However, this was counterbalanced by a significant strengthening of its balance sheet, with total assets expanding by 33% to N65 billion and shareholders' funds rising to N36.09 billion. In line with its commitment to shareholder value, the Board has approved a total dividend payout of N329.7 million.

The performance reflects resilience, sound governance, and disciplined stewardship in a challenging operating environment.

— Emmanuel NnoromThe Chairman commenting on the company's financial results.

From our perspective in Nigeria, Afriland Properties' results highlight the company's strategic navigation of a challenging operating environment. The Chairman, Emmanuel Nnorom, emphasized the company's focus on protecting value, strengthening its asset base, and positioning for future opportunities. The Managing Director/CEO, Azubike Emodi, expressed optimism about entering a new phase of growth, supported by ongoing and planned projects in key markets like Lagos and Abuja. This narrative of sustained performance and future growth, particularly in real estate development, is a key indicator of economic activity and investor confidence within Nigeria, a perspective that often requires local context to fully appreciate the nuances of the property market.

The results highlight the strength of Afriland’s operating model and its growth potential.

— Azubike EmodiThe Managing Director/CEO of Afriland Properties Plc on the company's performance.
DistantNews Editorial

Originally published by The Punch. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.

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