Nigeria Infrastructure Debt Fund has reported a profit of N11.79bn for the half year ended June 30, 2025, reflecting a strong 41 per cent increase from the N8.34bn recorded in the corresponding period of 2024.
This was disclosed in its Half Year 2025 Investor Report published on the Nigerian Exchange Limited on Wednesday.
According to the unaudited financial statements, the profit was driven by an interest income of N10.94bn generated from its infrastructure loan portfolio, alongside N379.7 m in net fair value gains and N1.51bn in other income, bringing total income for the period to N12.83bn.
Operating expenses stood at N1.05bn, down slightly from the N1.12bn recorded in the same period last year, contributing to a healthy bottom line and efficient cost management.
During the period under review, the Fund announced an N5.20 per unit distribution for the second quarter, fully funded by its operational cash flows. The distribution, announced on July 9, 2025, has a qualification date of July 2and will be paid to eligible unitholders on August 1, 2025.
The distribution yield currently stands at 21.85 per cent, maintaining NIDF’s reputation as a consistent and high-yielding investment option.
NIDF’s net asset value rose to N114.39bn, with total assets increasing to N121.13bn, up from N120.74bn at the end of December 2024. The fund currently has 1.05 billion units in issue and a last traded unit price of N118, translating to a market value of N124.58bn.
The Fund Manager, Chapel Hill Denham, confirmed that the Securities and Exchange Commission had approved the launch of Series 11 of the fund’s capital raise programme, under which NIDF seeks to raise N40.08bn to deepen its investment in infrastructure projects.
As of June 30, 2025, the fund held a diversified portfolio of 28 infrastructure investments, with a weighted average yield of 20.58 per cent, a weighted average tenor of 9.26 years at disbursement, and a remaining life of 6.99 years.
