Business Reporter
WestProp Holdings Limited total assets value surged to US$240 million back to back with a lucrative profit posting which testified the group’s aggressive management practices in the face of economic headwinds.
Presenting the group’s performance for the period ended December 31 2025, WestProp Holdings Limited Board Chairman, Doctor Michael Louis said the group’s assets value significantly surged during the period under review.
“The Group’s financial position strengthened considerably, with total assets expanding to US$ 240 million (2024: US$ 213.51 million). Consequently, profit from operations stood at USD 16.96 million (2024: USD 23.91 million). Profit before tax was recorded at USD 16.16 million, leading to a net profit of USD 13.43 million (2024: USD 18.26 million),” he said.
During the period, the successfully diversified its income streams with new contributions from Electro Properties (US$ 3.00 million), West Development Company (US$ 1.22 million), and Brick Fusion Manufacturing (US$ 0.19 million), underscoring both the resilience of the residential real estate market and strategic expansion initiatives.
“Fair value gains on investment property moderated to US$ 7.25 million (2024: USD 18.84 million), reflecting a more stable and mature valuation environment. Concurrently, the Group’s share of profit from associates demonstrated steady growth, increasing to USD 1.20 million (2024: USD 1.13 million), primarily driven by the continued success of Sunshine Developments,” Louis said.
Going into 2026, the group is on a position of optimism with key projects advancing steadily on the back of surging investor confidence.
Construction at The Hills Golf Course & Lifestyle Estate is progressing with impressive momentum, marking significant milestones across its development phases. The installation of advanced irrigation systems is complete, civil works are well on schedule, and the boundary wall has surpassed 50% completion.
Pomona City progression is on course as a vibrant urban hub with vertical construction and rising homes affirming the Group’s development strategy. The Walk Up Flats Project, launched in July 2025 has been a key driver of success, generating significant revenue with Blocks A and B sold out, and C and D nearing full subscription.
Investor engagements remain active for the Mall of Zimbabwe, with Exemplar, the group’s JSE listed partner, leading lease structuring and blue print redesign. Groundbreaking is scheduled for late 206.Strong investor interest and strategic retail alignment reinforce the group’s measured optimism and commitment to sustainable value for all stakeholders.
“On the 11th of March 2026 the board declared a dividend of US$2 630 330 payable to ordinary shareholders from the distributable profit for the year ended 2025, a full dividend announcement will be issued in due course,” added Louis.
