Mixta Africa property sales jump to N42.7bn as shareholders approve N12.60 dividend

Pan-African developer Mixta Africa reported group revenue from the sale of properties of N42.7 billion for the year ended December 31, 2025, up from N15.0 billion in 2024, although profit after tax eased to N22.1 billion from N23.6 billion.

At its 18th Annual General Meeting held at The Club House, Lakowe Lakes Golf and Country Estate in Ibeju-Lekki, Lagos, shareholders approved a dividend payout of N12.60 per ordinary share. The company said the dividend will be paid on September 30, 2026 to shareholders whose names appeared on the register of members as at September 2, 2026, and that the audited financial statements for 2025 were adopted.

Mixta Africa, which has more than 20 years of experience and says it has delivered over 30,000 homes across Nigeria, Senegal, Tunisia, Morocco, Algeria, Egypt, Mauritania and Cote d'Ivoire, delivered 152 homes at Ibudo Wura in Lagos and Marula Park during the year. Eligible buyers accessed mortgage financing at 9.75 percent through the Ministry of Finance Incorporated Real Estate Investment Fund (MREIF).

"After years of building our platform and securing strategic partnerships, we converted potential into performance. Our theme, 'Beyond the Blueprint', captures this transition from planning to execution at scale," chairman Oladapo Oshinusi said. Group chief executive Deji Alli said the focus for 2026 is on accelerating delivery, restoring margins and converting scale into sustained shareholder value.

Alli said Mixta will break ground next year on Garden City Golf Annexe in Rivers State, its first MREIF-aligned development outside Lagos, with more than 500 homes currently under construction across Lagos and Port Harcourt. The company has refocused its business on Nigeria and Senegal after exiting Morocco, Tunisia and Cote d'Ivoire. Shareholders also re-elected four retiring directors and re-appointed Deloitte & Touche as external auditors.