For the year ended December 31, 2026, Afriland Properties Plc achieved a revenue of N4.07 billion, representing an eight per cent increase from N3.75 billion in 2024 posted in the corresponding period in 2024.

The firm’s gross profit also rose to N3.51 billion from N3.13 billion in the prior year, reflecting improved operational efficiency and disciplined cost management across key business lines while Profit Before Tax (PAT) stood at N2.60 billion, compared to N3.70 billion in the previous year.

Demonstrating continued balance sheet strength, the company’s total assets grew by 33 per cent to N65 billion, up from N48 billion in 2024. Shareholders’ funds also increased to N36.09 billion from N34.93 billion in the previous year.

In line with its commitment to shareholder value, the directors proposed a total dividend payout of N329.7 million, representing 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, the chairman of the company, 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, 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, he said the company remains optimistic about opportunities within Nigeria’s real estate market, particularly across residential housing and mixed-use developments and commercial real estate.

He assured shareholders that the company will continue to leverage innovation, strategic partnerships, and disciplined execution to deliver sustainable growth and lasting value for stakeholders.