Property group Mashonaland Holdings Limited (Masholdings) has declared a US$266 000 final dividend for the year ended 31 December 2025.
The final dividend, the group’s company secretary Egnes Madhaka said, is in addition to a US$260,000 interim dividend paid during the period under review, bringing the total dividend declared for the year to US$526,000.
“The final dividend represents a distribution of 0.01576218 US cents per share payable in respect of 1,687,584,009 ordinary shares in issue,” she said.
The final dividend is payable to shareholders registered in the books of the company at the close of business on 8 May 2026.
Masholdings recorded solid revenue growth in 2025, driven by improved occupancy levels and continued investment in key projects.
The group reported a 13 percent jump in revenue to US$8.1 million, up from US$7.2 million realised prior year.
Growth was largely supported by rental income and property sales, reflecting steady demand in selected segments of Zimbabwe’s property market.
Net property income rose to US$5.9 million, while profit after tax climbed to US$4.01 million, up from US$3.73 million in 2024.
The performance underscores resilience in the group’s core business despite a challenging operating environment.
Grace Bema, the group’s chairperson, noted that Zimbabwe’s economic landscape remained difficult, characterised by tight monetary policy, inflationary pressures and currency instability.
However, the property sector showed pockets of strength, particularly in well-located commercial and residential developments.
Occupancy levels improved during the year 2025, helping to stabilise income streams.
Bema said the group continued to benefit from sustained demand for quality office and retail space, although cost pressures and shifting tenant preferences remain key concerns.
Masholdings also advanced several strategic projects aimed at expanding its portfolio, notably, the Pomona Commercial Centre project which continued to gain traction, with land servicing completed and progress made on infrastructure development.
The group targets full occupancy once the project is completed.
Key properties owned by Masholdings include ZB Life Towers in Harare’s CBD, various retail outlets in Harare City Centre, and the Pomona Commercial Centre
Investment property value rose to US$94.8 million from US$91.6 million in 2024, reflecting ongoing capital expenditure and revaluation gains.
The group maintained a strong asset base, with total assets reaching over US$101 million at year-end.
Despite these gains, the company highlighted rising operating costs and funding constraints as ongoing challenges.
Bema said the group requires significant capital to scale up developments and fully unlock value across its property portfolio.
Looking ahead, management expressed cautious optimism, citing expected economic improvements and continued demand for real estate in key urban centres.
However, performance will depend on macroeconomic stability and access to affordable financing. – TML