AMCON reports N66.12 billion cash recoveries in H1 2025, a 28% increase, reducing liabilities and boosting cumulative recoveries to N2.43 trillion

The Asset Management Corporation of Nigeria (AMCON) has recorded a 27.87 per cent increase in cash recoveries to N66.12 billion in the first half of 2025, up from N51.71 billion at end-December 2024.

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The development was disclosed in the Central Bank of Nigeria’s Financial Stability Report for H1 2025.

According to the report, stronger recoveries contributed to a reduction in AMCON’s liabilities, even as cumulative recoveries reached N2.43 trillion, reflecting ongoing efforts to strengthen the Corporation’s balance sheet.

Total recoveries rose 4.42 per cent to N2,426.35 billion from N2,323.68 billion in the previous period.

These comprised cash inflows of N984.52 billion, other collections of N1,291.95 billion, and asset forfeitures valued at N149.90 billion.

The “other collections” component included proceeds from property and share sales, rental and dividend income, sales of bridge banks, and reinvestment returns, highlighting AMCON’s diversified recovery channels beyond direct cash inflows.

Investment income from treasury operations also improved, rising 2.08 per cent to N15.22 billion from N14.91 billion in the preceding half-year, bolstering the Corporation’s revenue base.

On the liability side, AMCON’s carrying value of obligations fell by 7.84 per cent to N5,241.54 billion from N5,687.36 billion at end-December 2024, signalling enhanced debt management and settlements.

However, total assets, net of impairments, decreased by 30.97 per cent to N1,267.66 billion from N1,836.33 billion in H2 2024, reflecting ongoing asset disposals and recoveries.

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Collections into the Banking Sector Resolution Cost Fund (BSRCF) amounted to N577.84 billion during the period, which were utilised to meet obligations on issued securities.