The Coronation Infrastructure Fund (CIF) posted an operating profit of N1.83 billion for the financial year ended December 31, 2025, underpinned by robust interest income from its infrastructure-focused investment portfolio.
The performance was disclosed in the fund’s audited financial statements released to the Nigerian Exchange (NGX) on Tuesday, January 27, 2026.
A closer look at the numbers shows that the second half of the year contributed N843.1 million to full-year earnings, representing about 46% of total profit, pointing to steady income generation across the year rather than a one-off spike.
Overall profitability was driven almost entirely by interest income from placements and infrastructure-linked assets, with costs remaining relatively contained and no exposure to fair value volatility.
The financial statements show that interest income remains the sole earnings driver for the Coronation Infrastructure Fund.
Despite the increase, costs remained modest relative to income, allowing the fund to convert a large portion of its interest earnings into profit. Notably, no performance incentive fee was recorded during the year, helping preserve operating margins.
The fund closed the year with total assets of N9.90 billion, driven by:
The balance sheet structure highlights CIF’s conservative positioning, with no exposure to fair-value-linked volatility and very low leverage.
The Coronation Infrastructure Fund (managed by Coronation Asset Management) has now paid out over N1.7 billion across two distributions since its inception.
It should be noted that under the Securities and Exchange Commission (SEC) rules, Infrastructure Funds Managers must invest 90% of the funds in infrastructure portfolios