The Nigeria Infrastructure Debt Fund (NIDF) recorded a profit after tax of N10.63 billion for the six months ended June 30, 2026, while sustaining a strong annualised distribution yield of 18.23 per cent, reflecting the resilience of its infrastructure-focused investment strategy.
The Fund, in its half-year financial results released on the Nigerian Exchange (NGX), also declared an interim cash distribution of N4.40 per unit to investors, maintaining its quarterly distribution policy.
According to the Fund, the distribution for the second quarter of 2026 will be paid on July 27, 2026, to eligible unitholders on the register as of July 17, 2026. The payment will be funded from cash flows generated during the quarter.
NIDF reiterated that its investment objective remains to deliver regular, sustainable, long-term distributions to investors while preserving capital by investing in naira-denominated infrastructure debt assets that generate predictable cash flows.
The Fund also recorded a cumulative return of 449.07 per cent as of June 30, 2026, up from 414.62 per cent at the end of 2025, highlighting its long-term value creation since inception.
Financial statements showed that total assets stood at N137.32 billion as of December 31, 2025, compared with N137.67 billion as of December 31, 2025. Net assets attributable to unitholders remained largely unchanged at N130.56 billion, while the Net Asset Value (NAV) per unit closed at N109.08.
For the six-month period, the Fund generated N11.80 billion in total income, driven mainly by N8.41 billion in interest on infrastructure loans and N3.28 billion in interest on bank deposits.
Operating expenses amounted to N1.17 billion, resulting in a profit after tax of N10.63 billion. Total distributions paid and payable during the first half of the year stood at N10.69 billion.
Commenting on the performance, the Fund Manager said NIDF continued to outperform its benchmark, noting that its infrastructure loans are typically priced between 300 and 500 basis points above the 10-year federal government bond yield on a floating-rate basis.
Looking ahead, Chapel Hill Denham Management Limited expressed confidence in sustaining the Fund’s quarterly distribution policy, supported by the portfolio’s resilient cash flow generation and the performance of its underlying infrastructure assets.
The Fund added that it would continue to pursue investment opportunities that support Nigeria’s infrastructure development while delivering consistent long-term value to investors.
