The Chapel Hill Denham Nigeria Infrastructure Debt Fund (“NIDF”) announces Profit after Tax of N11.8 billion for HY 2025

LAGOS, NIGERIA – 9th July 2025 - Chapel Hill Denham Nigeria Infrastructure Debt Fund (NGX: NIDF) (“NIDF”) is pleased to announce its unaudited financial results for the Half Year (HY) ended 30 June 2025.

Performance Summary

Since its listing in June 2017, NIDF has remained a consistent performer, delivering a cumulative return of 279.9% on every naira invested. Since its listing in June 2017, NIDF has remained a consistent performer, delivering a cumulative return of 279.9% on every naira invested. The Fund delivered 21.85% dividend yield (based on NAV per unit over the last 12 months) and continues to outperform its benchmark: the 10-Year FGN bond.

We believe the long-term, naira-denominated, project finance debt is an essential ingredient to Nigeria's development and NIDF has seen greater demand for its services with every passing year. The Fund remains firmly positioned as Nigeria’s leading infrastructure debt fund and one of the most impactful vehicles for infrastructure investment in Nigeria.

Financial Performance Highlights:

Earnings Analysis

❖ Total Income of ₦12.8 billion for HY 2025, which is an increase of 35% from ₦9.5 billion for the same period prior year.

❖ Interest income was up by 37% Year-on-Year at ₦10.9 billion (HY 2025), mainly due to an increase in the 10-Year FGN Bond yield.

❖ Profit after Tax increased by 41% Year-on-Year to ₦11.8 billion.

Financial Position:

❖ Financial assets held at fair value through P/L grew by 5% year to date from ₦93.4 billion to ₦97.7 billion as at 30 June 2025.

❖ Total assets increased by 0.3% year to date from ₦120.7 billion to ₦121.1 billion as at the end of June 2025.

❖ Total liabilities reduced by 4% year to date, from ₦7.0 billion to ₦6.7 billion as at HY 2025.

❖ Net Asset Value increased by 1% year to date from ₦113.7 billion to ₦ 114.3 billion as at the end of June 2025.

Other Key Highlights:

❖ During the period ended 30 June 2025, the Fund continued its progress in building a more diversified portfolio of infrastructure loans, by financing commercially viable infrastructure projects on attractive terms. The infrastructure loan portfolio currently includes twenty-eight infrastructure loans across 10 sub-sectors.

For further information, please contact:

Chinedu Ademiju: Chapel Hill Denham Nigeria Infrastructure Debt Fund
Tel: +234 809 742 6095
Email: cademiju@chapelhilldenham.com

Ifeoluwa Popoola: Chapel Hill Denham Nigeria Infrastructure Debt Fund
Tel: +234 802 242 7717
Email: ipopoola@chapelhilldenham.com

or ir-nidf@chapelhilldenham.com

Notes to editors:

About NIDF

The Nigeria Infrastructure Debt Fund (NIDF) is Nigeria’s largest and Africa’s first-ever listed infrastructure investment trust, providing long-term, Naira-denominated financing for infrastructure projects in Nigeria. It is a closed-ended investment trust which operates in the form of a company, registered and regulated by the Nigerian Securities and Exchange Commission and listed on FMDQ and the Nigerian Exchange (NGX).

NIDF provides investors with regular, sustained, long-term distributions and preserves capital over the long-term by generating exposure to Naira-denominated infrastructure debt in Nigeria, which generates regular and predictable long-term cash flows. It offers the most attractive yield on the NGX and has continuously paid quarterly distributions.

With its current capital base of over N114.4 billion, NIDF has a diversified and growing portfolio of infrastructure loans in a broad range of sectors including power generation, energy infrastructure, transportation, telecom, and social infrastructure (education and healthcare). By mobilising domestic capital for financing Nigeria’s infrastructure, NIDF has established a template that can bridge the infrastructure deficit facing not just Nigeria but countries across Africa.

More information can be found at www.nidf.ng

Chapel Hill Denham, 10 Bankole Oki, Ikoyi, Lagos, Nigeria.

Tel: 0700 242 735 4455.