Mixta Africa, a pan-African real estate developer with over two decades of experience, reported a 285% increase in property sales and approved a N12.60 per ordinary share dividend during its 18th Annual General Meeting (AGM) in Lagos. The company, which has delivered over 30,000 homes across Nigeria, Senegal, Tunisia, Morocco, Algeria, Egypt, Mauritania, and Côte d’Ivoire, saw group revenue from property sales rise to N42.7 billion in 2025, up from N15.0 billion in 2024. Shareholders also adopted audited financial statements for the year ended December 31, 2025, and approved the dividend, which will be paid on September 30, 2026, to shareholders listed in the Register of Members as of September 2, 2026.
The company’s 2025 performance included delivering 152 affordable homes in Lagos through the Ministry of Finance’s Incorporated Real Estate Investment Fund (MREIF), offering mortgage financing at 9.75%. Mixta also refocused its operations on Nigeria and Senegal after exiting Morocco, Tunisia, and Côte d’Ivoire. Chairman Oladapo Oshinusi attributed the results to the transition from planning to execution, stating, “Our theme, ‘Beyond the Blueprint,’ captures this shift.” Group CEO Deji Alli emphasized plans to accelerate housing delivery in 2026, including the launch of Garden City Golf Annexe in Rivers State, its first MREIF-aligned project outside Lagos, and expanding construction of over 500 homes in Lagos and Port Harcourt.
Mixta’s 2025 results saw a slight decline in profit after tax to N22.1 billion from N23.6 billion in 2024, though the company highlighted improved operational efficiency. Shareholders re-elected four directors and retained Deloitte & Touche as external auditors. The company’s focus on affordable housing aligns with broader efforts to address Nigeria’s housing deficit, supported by partnerships with government agencies and financial institutions. Alli stated, “Our 2026 priorities include restoring margins and converting scale into sustained shareholder value.”
The developments reflect Mixta Africa’s strategic adaptation to market conditions, balancing growth with financial prudence. Its 2025 performance highlights the potential for private-sector initiatives to drive housing solutions in Africa, while underscoring the challenges of maintaining profitability in volatile economic environments. The company’s emphasis on affordable housing and strategic partnerships positions it to influence national and regional housing policies, according to industry analysts.