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
At the 18th Annual General Meeting of Mixta Real Estate Plc ("Mixta Africa"), shareholders have approved a dividend of N12.60 per ordinary share. This dividend will be paid on 30 September 2026 to eligible members listed in the Register of Members as of 2 September 2026. The meeting was held at The Club House, Lakowe Lakes Golf and Country Estate, Ibeju-Lekki, Lagos.
Shareholders also approved the audited financial statements for the year ended 31 December 2025. The financials show a significant increase in property sales, with group revenue from sales of trading properties reaching N42.7 billion, up from N15.0 billion in 2024. Profit after tax rose to N22.1 billion, compared to N23.6 billion in the previous year.
Mixta Africa, a leading pan-African real estate developer, expanded its focus to Nigeria and Senegal, abandoning its operations in Morocco, Tunisia, and Côte d’Ivoire. The Chairman, Mr. Oladapo Oshinusi, noted that the company's transition from planning to execution at scale has paid off, while the Group CEO, Mr. Deji Alli, OFR, highlighted the company's commitment to accelerating delivery, restoring margins, and converting scale into sustained shareholder value.
The Company aims to construct Garden City Golf Annexe in Rivers State, marking its first MREIF-aligned development outside Lagos. Currently, more than 500 homes are under construction across Lagos and Port Harcourt, emphasizing Mixta Africa's ongoing focus on housing delivery. At the AGM, the company also re-elected four retiring directors and retained Deloitte & Touche as its external auditors.
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