Infrastructure Debt Fund Declares N4.68 Distribution Per Unit For Q4

The Nigeria Infrastructure Debt Fund (NIDF) has declared a distribution of N4.68 per unit for the fourth quarter (Q4) ended December 31, 2025, representing a yield of 20.99 per cent.

The Fund ended the 2025 financial year on a strong note, recording higher income, improved net asset value and sustained distributions to investors, according to its unaudited quarterly investor report for the period under review.

The infrastructure-focused fund reported total income of N25.78 billion in the full year 2025, up from N21.58 billion in the preceding year. The growth was driven primarily by increased interest income on infrastructure loans, which rose to N21.56 billion from N17.64 billion in 2024, reflecting portfolio expansion and resilient cash flows from underlying assets.

Net fair value gains on infrastructure loans improved to N1.00 billion in 2025, compared with N370.30 million a year earlier, while other income amounted to N3.21 billion. Operating expenses were well contained at N2.15 billion, supporting the fund’s strong earnings performance.

Consequently, profit after tax rose to N23.63 billion in 2025, from N19.59 billion recorded in 2024. Total distributions paid and provided for during the year stood at N21.88 billion, reinforcing NIDF’s income-focused investment strategy.

In the fourth quarter of 2025, the fund recorded a profit after tax of N6.75 billion, compared with N5.91 billion in the corresponding quarter of 2024. Q4 total income came in at N7.33 billion, underpinned by interest income of N4.89 billion and fair value gains of N1.15 billion.

In line with its quarterly distribution policy, NIDF declared a distribution of N4.68 per unit for the quarter ended December 31, 2025. The distribution represents a yield of 20.99 per cent and was fully funded from operating cash flows generated during the quarter. Payment was scheduled for January 2026 to eligible unitholders.

The fund’s balance sheet strengthened further in 2025, with total assets increasing to N137.79 billion as at December 31, 2025, from N120.74 billion a year earlier. Cash and cash equivalents rose significantly to N40.20 billion, enhancing liquidity for future investments and distributions.

Net assets attributable to unitholders grew to N130.74 billion, compared with N113.75 billion in 2024. Net asset value (NAV) per unit improved to N109.28 from N107.79, reflecting steady value accretion.

The number of units in issue increased to about 1.20 billion during the year, following additional capital inflows. The fund’s market value stood at approximately N137.58 billion, with units last traded at N115 on the exchange.

As at year-end, NIDF maintained a diversified portfolio of 20 infrastructure investments, with a weighted average annualised yield of 19.87 per cent and a weighted average remaining life of 7.35 years. The fund also disclosed a commitment to an additional N3.0 billion investment and approvals for two new investments valued at N35.4 billion, which are currently under documentation.

The fund manager reaffirmed its commitment to sustaining regular quarterly distributions, supported by predictable cash flows from naira-denominated infrastructure debt assets.