Afriland Properties Reports 8% Revenue Growth in 2025

Afriland Properties Plc announced an 8% rise in revenue for the year ending December 31, 2025, amounting to ₦4.07 billion, compared to ₦3.75 billion in 2024. The company's gross profit increased from ₦3.13 billion to ₦3.51 billion, reflecting improved operational efficiency and disciplined cost management.

However, profit before tax declined to ₦2.60 billion from ₦3.70 billion the previous year, indicating a shift in earnings dynamics despite stronger top-line growth. During the 13th annual general meeting held in Lagos, Chairman Emmanuel Nnorom highlighted the company's strengthened balance sheet, with total assets growing by 33% to ₦65 billion from ₦48 billion in 2024, and shareholders' funds rising to ₦36.09 billion from ₦34.93 billion.

The board approved a total dividend payout of ₦329.7 million, representing 24 kobo per ordinary share, which includes an interim dividend of 13 kobo per share already paid and a final dividend of 11 kobo per share. CEO Azubik Emodi noted the results underscore the strength of Afriland's operational model and its growth potential in Nigeria's real estate sector.