Texaf, the only listed company operating exclusively in the Democratic Republic of Congo (DRC), will distribute a net dividend of 1.23 euros per share for the 2024 financial year, as ratified at the Annual General Meeting on May 13, 2025. This dividend is 7% higher than the amount paid in 2024 for the previous year.

Last year, the firm’s net income dropped 35.6% year-on-year, amidst intensified conflicts in North and South Kivu provinces–a risky context, according to many investors. For its part, Texaf attributes the drop to increased depreciation and amortization due to accounting adjustments. 

However, operating indicators show positive momentum. Operating value added (the gross difference between revenues and operating expenses) reached €11.1 million, up 12% compared to 2023. That year, Texaf’s income had reached €6 million.

The outlook for 2025 is encouraging. At the end of the first quarter, rental income- Texaf’s core business, focused on residential and office property rentals in Kinshasa-stood at 7.7 million euros, a 29% year-on-year increase. 

“This increase is largely explained by the marketing of the new Promenade des Artistes neighborhood, comprising 94 apartments, as well as the opening of phase III of Silikin Village, offering an additional 6,000 m² of coworking space and private offices,” the company stated.

This trend indicates that recent investments are beginning to pay off. Without these new assets, rental income growth would have been just 6% in Q1 2025.

This article was initially published in French by Georges Auréole Bamba

Edited in English by Ola Schad Akinocho