L-R: Olubunmi Akinremi, Independent Non-Executive Director; Ayodeji Adigun, Non-Executive Director; Agatha Obiekwugo, Non-Executive Director ; Azubike Emodi, Managing Director/Chief Executive Officer; Emmanuel Nnorom, Chairman, Board of Directors; Omomene Obanor, Company Secretary; Olukayode Odebiyi, Executive Director; Owen Omogiafo, Non-Executive Director; and Obong Idiong, Non-Executive Director, all of Afriland Properties Plc at the company’s 13th Annual General Meeting held today.

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 ₦4.07 billion, representing an 8% increase from ₦3.75 billion in 2024.

Gross profit rose to ₦3.51 billion from ₦3.13 billion in the prior year, reflecting improved operational efficiency and disciplined cost management across key business lines. Profit Before Tax stood at ₦2.60 billion, compared to ₦3.70 billion in 2024.

Demonstrating continued balance sheet strength, the Company’s total assets grew by 33% to ₦65 billion, up from ₦48 billion in 2024. Shareholders’ funds also increased to ₦36.09 billion from ₦34.93 billion in the previous year.

In line with its commitment to shareholder value, the Board of Directors proposed a total dividend payout of ₦329.7 million, representin 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, Mr. Emmanuel Nnorom, 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.”

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.

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.

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.

About Afriland Properties Plc
Afriland Properties Plc is a property management, investment, and development company offering end-to-end services across the real estate value chain.

The Company is committed to improving lives through the development, management, and maintenance of world-class real estate assets across Africa. With one of the largest land banks in Nigeria and a growing portfolio of premium assets, Afriland continues to set the standard for professionalism and excellence within Nigeria’s real estate sector.

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