Texaf 1H25 Results: Real estate thrives in DRC's though climate
In 1H25, TEXAF demonstrated resilience in Kinshasa's challenging market. Real estate, the core business, had a robust performance. Rental income surged 24.4% to €15.6m, driven by new projects like Promenade des Artistes and Silikin Village Phase III. The occupancy rate remained close to 100%. On a like-for-like basis, rental income rose by 2.3%. The quarry segment faced headwinds, with sales dropping 45% to €1.6m due to lower volumes and prices. However, net income remained positive. The digital segment turned profitable due to a non-recurring gain and contributed €0.3m in net income. TEXAF's ...