The Chapel Hill Denham Nigeria Infrastructure Debt Fund (“NIDF”) announces Profit after Tax of N16.9 billion for the Nine-Months ended 30 September 2025

LAGOS, NIGERIA – 14th October 2025 - Chapel Hill Denham Nigeria Infrastructure Debt Fund (NGX: NIDF) (“NIDF”) is pleased to announce its unaudited financial results for the 9-month (9M) ended 30 September 2025.

Performance Summary

Since its listing in June 2017, NIDF has remained a consistent performer, delivering a cumulative return of 294.8% on every naira invested. The Fund delivered 20.49% 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. Since inception, the Fund has invested the dollar equivalent of $350m supporting more than $600m of infrastructure projects in Nigeria.

Financial Performance Highlights:

Earnings Analysis

• Total Income of ₦18.5 billion for 9M 2025, which is an increase of 22% from ₦15.1 billion for the same period prior year.
• Interest income on Loans was up by 32% Year-on-Year at ₦16.7 billion (9M 2025), due to the increase in the portfolio of outstanding loans.
• Profit after Tax increased by 23% Year-on-Year to ₦16.9 billion.

Financial Position:

• Financial assets held at fair value through P/L grew by 8.9% year to date from ₦93.4 billion to ₦101.7 billion as at 30th September 2025.
• Total assets increased by 12.9% year to date from ₦120.7 billion to ₦136.3 billion as at the end of September 2025.
• Total liabilities increased by 212.3% year to date, from ₦6.9 billion to ₦21.8 billion as at 9M 2025. This was majorly due to the deposit for series 11 capital raised during the quarter.
• Net Asset Value increased by 0.6 % year to date from ₦113.8 billion to ₦ 114.4 billion as at the end of September 2025.

Other Key Highlights:

• The Fund has announced a distribution of 4.25 per unit on the 14th of October 2025 for the quarter ended 30th September 2025. This will make it the 34th distribution (33 Quarterly and 1 Special) announced by the Fund. Total distribution by the Fund since inception will amount to N87.9 billion after payment of this distribution.
• During the period ended 30th September 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-nine infrastructure loans across 10 sub-sectors.
• Capital raise pursuant to Series 11 was successfully completed during the quarter, with net proceeds of ₦15.2 billion. The Fund has received allotment approval from the Securities and Exchange Commission (SEC) on 3rd October 2025.

For further information, please contact:

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

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.