Shareholders of Mixta Real Estate Plc, also known as Mixta Africa, have approved a dividend of N12.60 per ordinary share at the company's 18th Annual General Meeting. The meeting was held at The Club House, Lakowe Lakes Golf and Country Estate, Ibeju-Lekki, Lagos. The dividend will be paid on 30 September 2026 to shareholders whose names appeared in the Register of Members as at 2 September 2026.
During the year under review, Mixta Africa recorded a significant increase in property sales. Group revenue from sales of trading properties rose to N42.7 billion, compared with N15.0 billion in 2024. However, profit after tax was N22.1 billion compared with N23.6 billion in the preceding year. The company's audited financial statements for the year ended 31 December 2025 were adopted by shareholders at the AGM.
Mixta Africa continued to expand access to affordable homeownership during the year. The company delivered 152 homes at Ibudo Wura in Lagos and Marula Park. Eligible buyers accessed mortgage financing at 9.75 per cent through the Ministry of Finance Incorporated Real Estate Investment Fund (MREIF). This initiative is part of the company's efforts to contribute towards closing Africa's housing deficit.
The company has refocused its business on Nigeria and Senegal following its exit from Morocco, Tunisia, and Côte d’Ivoire. This strategic move is aimed at sharpening its geographic focus and enhancing delivery capabilities. Mixta Africa's portfolio includes flagship developments such as Lakowe Lakes Golf & Country Estate and Beechwood Estate along the Lekki-Epe Expressway.
Commenting on the performance, the Chairman, Mr. Oladapo Oshinusi, said the company had converted potential into performance. The Group Chief Executive Officer, Mr. Deji Alli, OFR, said the company would build on the progress recorded during the year. He added that the focus in 2026 is on accelerating delivery, restoring margins, and converting scale into sustained shareholder value.
Mixta Africa will break ground next year on Garden City Golf Annexe in Rivers State, its first MREIF-aligned development outside Lagos. The company has more than 500 homes currently under construction across Lagos and Port Harcourt. This reflects the company's continued focus on housing delivery and its commitment to contributing towards closing Africa's housing deficit.
At the AGM, shareholders also re-elected four retiring directors and re-appointed Deloitte & Touche as the company's external auditors. Established in 2005, Mixta Africa is a leading pan-African real estate developer with more than 20 years of experience and more than 30,000 homes delivered across several countries.
Key points
- Mixta Africa's group revenue from sales of trading properties rose to N42.7 billion in 2025.
- The company delivered 152 homes at Ibudo Wura in Lagos and Marula Park during the year.
- Mixta Africa will break ground on Garden City Golf Annexe in Rivers State next year.
