Shareholders of Mixta Real Estate Plc, popularly known as Mixta Africa, have approved a ₦12.60 dividend per ordinary share, marking the company’s return to dividend payments as its 2025 financial results reflected a sharp increase in property sales.
The approval was given at the company’s 18th Annual General Meeting (AGM) held at The Club House, Lakowe Lakes Golf and Country Estate, Ibeju-Lekki, Lagos.
The dividend is scheduled for payment on September 30, 2026, to shareholders whose names appeared on the company’s Register of Members as of September 2, 2026.
Shareholders also adopted the audited financial statements for the year ended December 31, 2025, which showed a substantial increase in revenue from the sale of trading properties.
According to the results, Group revenue from sales of trading properties climbed to ₦42.7 billion in 2025, from ₦15 billion in 2024, representing a significant increase in property sales during the year.
However, despite the stronger sales performance, profit after tax declined to ₦22.1 billion, compared with ₦23.6 billion recorded in the preceding year.
The company said it delivered 152 homes at Ibudo Wura in Lagos and Marula Park, with eligible buyers accessing mortgage financing at 9.75 per cent through the Ministry of Finance Incorporated Real Estate Investment Fund (MREIF).
Mixta also streamlined its geographical operations during the year, with the business refocused on Nigeria and Senegal following its exit from Morocco, Tunisia and Côte d’Ivoire.
Speaking on the company’s performance, Chairman, Oladapo Oshinusi, said the company had moved from building its platform and establishing partnerships to converting those foundations into measurable business performance.
> “After years of building our platform and securing strategic partnerships, we converted potential into performance,” Oshinusi said.
Group Chief Executive Officer, Deji Alli, OFR, said the company would focus in 2026 on accelerating delivery, restoring margins and translating its expanding scale into sustained value for shareholders.
Mixta said it would also break ground on Garden City Golf Annexe in Rivers State, its first MREIF-aligned development outside Lagos.
The company currently has more than 500 homes under construction across Lagos and Port Harcourt, highlighting its continued expansion of housing delivery.
At the AGM, shareholders also re-elected four retiring directors and approved the re-appointment of Deloitte & Touche as external auditors.
Established in 2005, Mixta Africa says it has more than 20 years of experience in real estate development and has delivered more than 30,000 homes across several African countries, including Nigeria, Senegal, Tunisia, Morocco, Algeria, Egypt, Mauritania and Côte d’Ivoire.
Its Nigerian portfolio includes Lakowe Lakes Golf & Country Estate, Beechwood Estate, Fara Park, Expressview Estate and Garden City Golf Annexe.
