*Declares N383.00 distribution per unit for NESF
WorldStage– SCM Capital Asset Management Limited has released the audited financial statements for the Nigeria Energy Sector Fund (NESF) for the financial year ended March 31, 2025, showcasing strong growth across profitability, revenue, and equity holdings that underscore solid value for investors.
Key Financial Highlights for Investors
Surging Profitability: The Fund recorded a Profit After Tax (PAT) of N381.80 million for the 2025 financial year, representing a significant 25% increase compared to N305.44 million reported in the previous year.
Strong Revenue Growth: Total revenue grew by 30.89% year-on-year to print at N444.58 million (up from N339.66 million in 2024), propelled by favorable performance in oil and gas equities, higher fixed-income yields, and active portfolio management.
Enhanced Earnings Per Share (EPS): EPS climbed to N511.83k compared to N409.46k in 2024, translating to an attractive P/E ratio of 1.35x based on the last traded fund price of N552.20k.
Asset Expansion: Total assets expanded robustly to N2.59 billion, up from N1.96 billion in 2024, driven by a surge in equity investments at fair value through profit or loss (valued at N901.61 million) and robust holdings in money market instruments, treasury bills, and bonds totaling N1.67 billion.
Drivers of Performance
The Fund manager attributed this impressive performance to astute navigation of macroeconomic headwinds and strategic capital deployment within Nigeria’s evolving energy landscape. Key drivers included:
Energy Sector Tailwinds: Strategic exposure to blue-chip energy and oil & gas counters—such as Seplat Energy Plc (valued at N429.08 million), Oando Plc (N236.08 million), and TotalEnergies Marketing Nigeria—allowed the Fund to capture substantial capital appreciation and dividend inflows amid heightened sector activity and regulatory clearances.
Fixed-Income Optimization: Elevated yields across government securities provided a steady, secure income stream, with interest income expanding to N144.57 million (up from N111.60 million in 2024).
Prudent Cost Management: Despite broad inflationary pressures and rising operating expenses across the economy, the Fund maintained a high Net Profit Margin of 85.88%, reflecting disciplined overhead and operational cost control.
Outlook for Unitholders
With an accumulated retained earnings pool scaling up to N1.06 billion, NESF remains well-positioned to deliver sustainable returns. As government reforms in the petroleum and fiscal sectors take deeper root—bolstered by domestic crude production targets and increased private sector participation—the Fund’s strategy of bridging Nigeria’s energy infrastructure funding gap continues to yield tangible rewards for both individual and corporate investors.
N383.00 Distribution per Unit Menawhile, SCM Capital Asset Management Limited has announced a major corporate action for unitholders of the Nigeria Energy Sector Fund (NESF), approving a cash distribution of N383.00 per unit for the period ended March 31, 2025.
The announcement, signed by Managing Director Omololu Ajediran, outlines key timelines and requirements for investors seeking to benefit from the payout.
Key Highlights for Investors
Proposed Distribution: N383.00 per unit will be distributed to eligible unitholders.
Qualification Date: Monday, October 16, 2026. Unitholders whose names appear in the Register of Members as of the close of business on this date will qualify for the distribution.
Closure of Register: The Register of unitholders will be closed on Friday, October 19, 2026.
Payment Date: Electronic payments will be disbursed on Wednesday, October 21, 2026, directly to bank accounts of qualified unitholders who have completed their e-dividend registration.
Action Required for Unitholders
To ensure seamless receipt of the distribution without delays, the fund managers have highlighted important compliance steps:
E-Dividend Mandate: Payments will be made electronically directly into bank accounts. Unitholders who have yet to complete their registration must download the Pace Registrars E-Dividend Mandate Activation form, complete it, and submit it to Pace Registrars Limited or their respective banks.
Unclaimed Coupon Warrants: Investors holding coupon warrants that remain unclaimed, unpresented for payment, or returned for validation are urged to complete the e-dividend registration or reach out directly to the registrar.
