Mixta Africa Shareholders Approve N12.60 Dividend At 18th AGM

 Bennett Oghifo

Shareholders of Mixta Real Estate Plc (“Mixta Africa”) have approved a dividend of N12.60 per ordinary share at the Company’s 18th Annual General Meeting, 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.

Shareholders also adopted the audited financial statements for the year ended 31 December 2025, which recorded a significant increase in property sales during the year. Group revenue from sales of trading properties rose to N42.7 billion, compared with N15.0 billion in 2024, while profit after tax was N22.1 billion compared with N23.6 billion in the preceding year.

During the year, Mixta continued to expand access to affordable homeownership, delivering 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).

The Company also continued to sharpen its geographic focus, with the business refocused on Nigeria and Senegal following its exit from Morocco, Tunisia and Côte d’Ivoire.

Commenting on the performance, the Chairman, Mr. Oladapo Oshinusi, said: “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.”

The Group Chief Executive Officer, Mr. Deji Alli, OFR, said the Company would build on the progress recorded during the year. “We have invested in key assets in a number of countries and developed strong strategic partnerships that continue to enhance our delivery capabilities. Our focus in 2026 is on accelerating delivery, restoring margins and converting scale into sustained shareholder value.”

Mixta will also break ground next year on Garden City Golf Annexe in Rivers State, its first MREIF-aligned development outside Lagos. More than 500 homes are currently under construction across Lagos and Port Harcourt, reflecting the Company’s continued focus on housing delivery.

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 Nigeria, Senegal, Tunisia, Morocco, Algeria, Egypt, Mauritania and Côte d’Ivoire. In Nigeria, Mixta’s portfolio includes flagship developments such as Lakowe Lakes Golf & Country Estate, Beechwood Estate along the Lekki-Epe Expressway, Fara Park in Sangotedo, Lagos, Expressview Estate in Lugbe, Abuja, and the Garden City Golf Annexe in Port Harcourt. Mixta Africa is committed to contributing towards closing Africa’s housing deficit through the delivery of large, sustainable, well-serviced communities.