Shareholders of Mixta Real Estate Plc (Mixta Africa) have approved a dividend of N12.60 per ordinary share at the company’s 18th Annual General Meeting in Lagos, which will be paid out on September 30, 2026.
Key highlights from the reports:
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Financial Surge: Driven by increased property sales, 2025 group revenue jumped to N42.7 billion (up from N15.0 billion in 2024), bringing the profit after tax to N22.1 billion.
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Strategic Shift: The company is sharpening its geographic focus on Nigeria and Senegal, officially exiting its markets in Morocco, Tunisia, and Côte d’Ivoire.
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Housing Delivery: Mixta successfully delivered 152 affordable homes over the past year. Over 500 additional homes are currently under construction across Lagos and Port Harcourt.
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Future Expansion: Operations are set to expand further with plans to break ground on the Garden City Golf Annexe in Rivers State next year.
Sources:
Vanguard
The Nation
