Mixta Real Estate Approves N12.60 Dividend at AGM

At the 18th Annual General Meeting of Mixta Real Estate Plc (“Mixta Africa”) held at The Club House, Lakowe Lakes Golf and Country Estate, Ibeju-Lekki, Lagos, shareholders approved a dividend of N12.60 per ordinary share, set to be paid on 30 September 2026 to shareholders listed in the Register of Members as of 2 September 2026. The company reported a substantial increase in property sales for the year ended 31 December 2025, with group revenue from trading properties rising to N42.7 billion from N15.0 billion in 2024, and profit after tax recorded at N22.1 billion, compared to N23.6 billion the previous year.

Mixta delivered 152 homes at Ibudo Wura and Marula Park, with eligible buyers accessing mortgage financing at 9.75 percent. The company is refocusing its operations on Nigeria and Senegal after exiting Morocco, Tunisia, and Côte d’Ivoire.

Chairman Mr. Oladapo Oshinusi and Group CEO Mr. Deji Alli, OFR, emphasized the company’s commitment to accelerating delivery and enhancing shareholder value. Mixta plans to commence the Garden City Golf Annexe development in Rivers State next year.