The Nigerian Infrastructure Debt Fund (NIDF) has reported a pre-tax revenue of N23.6 billion for the total yr ended 2025, marking a rise from N19.5 billion recorded within the prior yr.
The efficiency was disclosed within the fund’s newest monetary assertion, filed on 15 January 2026, on the Nigerian Change.
A more in-depth take a look at the numbers reveals that the fourth quarter contributed N6.7 billion to full-year earnings, in contrast with N5.9 billion in the identical interval of 2024.
The stronger profitability, each within the remaining quarter and throughout the total yr, was pushed by strong curiosity revenue generated from the fund’s infrastructure mortgage portfolio.
Key highlights (FY 2025 vs FY 2024)
- Curiosity revenue from infrastructure loans: N21.5 billion, up 22.26% YoY
- Web truthful worth features on infrastructure loans (revenue or loss): N1.0 billion, up 170.83% YoY
- Different revenue: N3.2 billion, down 10.14% YoY
- Whole revenue: N25.7 billion, up 19.44% YoY
- Whole bills: N2.1 billion, up 8.00% YoY
- Pre-tax revenue: N23.6 billion, up 20.61% YoY
- Whole property: N137.7 billion, up 14.12% YoY
- Members’ funds: N130.7 billion, up 14.93% YoY
What the firm books are saying
The monetary statements present that the fund earned most of its cash from curiosity on infrastructure loans.
This revenue rose to N21.5 billion in 2025, in contrast with N17.6 billion in 2024, indicating stronger lending efficiency in the course of the yr.
Within the fourth quarter alone, curiosity revenue stood at N4.8 billion. Whereas this was barely decrease than the N4.9 billion recorded in the identical interval final yr, it nonetheless made a significant contribution to full-year earnings.
As well as, features from adjustments within the worth of infrastructure loans elevated sharply to N1.0 billion.
- When mixed with different revenue of N3.2 billion, complete revenue for the yr reached N25.7 billion, representing a strong 19.44% development.
Even after accounting for complete bills of N2.1 billion, the fund delivered a pre-tax revenue of N23.6 billion.
This consequence reveals that the fund managed its prices effectively whereas rising its revenue.
Stability sheet efficiency
The fund’s complete property rose to N137.7 billion, rising from N120.7 billion within the earlier yr.
Monetary property measured at truthful worth accounted for N95.8 billion of complete property, whereas money and money equivalents stood at N40.2 billion.
Whole liabilities got here in at N7.05 billion, barely larger than the N6.9 billion recorded in 2024.
- Of this quantity, distribution payables made up the majority, totaling N5.5 billion, or about 96.7% of the overall.
On the fairness aspect, members’ funds grew to N130.7 billion in 2025, representing a 14.93% improve.
The variety of models in difficulty additionally expanded to 1.19 billion models, up from 1.05 billion models.
What to know
The fund has an funding portfolio unfold throughout 9 sectors, offering mortgage financing for initiatives inside every of those areas.
- Its largest publicity is a 176-kilometre pipeline mission, which accounts for 41% of the overall portfolio.
- That is adopted by marine infrastructure at 20%, 458 off-grid photo voltaic websites representing 11% of investments, and 1,125 telecom towers, which make up 10% of the fund.
- Different investments embody two fuel processing vegetation (9%), photo voltaic dwelling methods (3%), two unbiased energy producers (IPP) websites (3%), a pupil lodging mission (2%), and three broadband web websites (1%).
In This autumn 2025, the distribution yield for unit holders was 20.99%, equal to N4.68 per unit.
For the total yr 2025, the fund outperformed its benchmark, the 10-year FGN bond, by 415.19 foundation factors.
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