Haldane McCall Plc has outlined an ambitious growth strategy centered on a proposed N250 billion capital raise. This initiative aims to bolster the company's capacity for expansion within its real estate and hospitality sectors. The plan is contingent upon securing the necessary regulatory approvals.
The announcement was made during the company's 2nd Annual General Meeting (AGM). Shareholders also approved a dividend distribution of N169.09 million. They expressed significant confidence in the Board and Management, acknowledging their performance amidst a challenging economic climate characterized by inflation and foreign exchange volatility.
For the financial year ending December 31, 2025, Haldane McCall Plc reported a profit after tax of N642.46 million. This figure is a slight decrease from the N679.63 million recorded in the preceding year. Revenue for the period was N2.28 billion, with gross profit at N1.81 billion and operating profit reaching N754.9 million. The company's total assets increased to N21.83 billion, indicating enhanced balance sheet strength and sustained business growth.
All resolutions presented at the AGM, including the re-election of retiring directors, received unanimous approval from shareholders. This underscores a strong endorsement of the Board's leadership and strategic direction.
George Oguntade, Chairman of the Board at Haldane McCall Plc, emphasized the company's disciplined approach to capital management. He stated, “The Board remains committed to a disciplined capital allocation framework that balances immediate shareholder returns with long-term value creation. Historically, dividend distributions have accounted for approximately 30 percent of total shareholder returns, while the remaining 70 percent has been reinvested to support growth, asset acquisition, and balance sheet expansion.”
Edward Akinlade, Group Managing Director of Haldane McCall Plc, highlighted the growing investor base and consistent confidence in the business. He noted that the group's shareholders increased from 464 in 2024 to 1,465 in 2026, reflecting strong market trust in its long-term strategy. Akinlade added, “The group’s consistent growth in shareholders’ equity over the past five years underscores the effectiveness of this approach and reflects management’s ability to execute strategy prudently in varying market conditions.”
A shareholder, Olatunji Bamidele, commended the Board and Management for their performance, stating, “The Board and Management have delivered an exemplary performance despite the challenging operating environment. The resilience and consistency demonstrated by the company are commendable.”
