Coronation Infrastructure Fund has reported a total income of N1.9 billion for the financial year ended December 2025, representing a significant improvement from N705.6 million recorded in the previous year.
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The fund’s performance was driven by a strong interest income base of N2.08 billion, marking a 75.40% increase from N1.18 billion achieved in the prior financial year.
According to Coronation Asset Management Limited, the fund delivered an annualized return of 23.27% to investors, supported by strong earnings from transport and energy infrastructure investments.
On the balance sheet, total assets rose to N9.7 billion from N9.5 billion, with financial assets measured at amortised cost standing at N5.04 billion as the fund’s largest asset category.
Driving the numbers
A cursory look at the topline shows that after interest income of N2.08 billion, the fund posted operating expenses of N130.7 million, significantly lower than the N517.02 million recorded previously.
- The lower expense profile created more room for profitability growth, with operating profit rising to N1.9 billion from N705.6 million recorded in the prior financial year.
- In the absence of a tax charge, the operating profit fully translated into a post-tax profit of N1.9 billion for the 2025 financial year.
According to the fund manager, energy projects made up the largest share of the fund’s investment portfolio at 30.36%.
Social infrastructure represented 16.35% of the portfolio, while transportation accounted for 18.27%, utilities 15.18%, real estate 13.43%, and telecommunications 6.42%.
- The fund manager stated that the annualized return of 23.27% was largely supported by investments in the energy and transportation sectors, where fresh capital deployment occurred recently.
- Within the transportation segment, the fund financed the acquisition of 300 new trucks, while its energy investments included a 30MW embedded power generation plant.
Balance sheet
On the balance sheet, the fund reported total assets of N9.7 billion, up from N9.5 billion, with financial assets measured at amortised cost accounting for N5.04 billion, while cash and bank balances stood at N4.7 billion.
Liabilities on the balance sheet were mainly financial liabilities measured at amortised cost, which stood at N66.7 million, a significant decline from N888.4 million recorded previously.
In terms of total equity, net assets attributable to unit holders accounted for 100% of the structure at N9.7 billion, rising from N8.6 billion in the prior period.
What you should know
- The fund entered the public equities market through a listing of 87.9 million units on the Nigerian Exchange in August at N100 per unit.
- As of pre-market open on 15 May 2026, the fund is priced at N110 per unit, reflecting improved market valuation since listing.
- It declared income distributions of N9.40 per unit in January 2025 and N10.13 per unit in July 2025, totalling N1.7 billion for both periods combined.
- Pension Fund Administrators account for 42% of total holdings in the fund.
