The Na­tion­al In­vest­ment Fund Hold­ing Com­pa­ny Lim­it­ed record­ed of a net loss for the three month pe­ri­od end­ed March 31, 2026 (Q1 2026).

In the com­pa­ny’s unau­dit­ed fi­nan­cial re­port, NIF chair Dr. San­dra Sookram stat­ed, “The com­pa­ny record­ed a net loss of $36.9 mil­lion be­fore un­re­alised fair val­ue ad­just­ments, com­pared to a net loss of $37.7 mil­lion for the same pe­ri­od in 2025, con­sis­tent with the com­pa­ny’s usu­al first-quar­ter earn­ings pro­file, giv­en that div­i­dend in­flows from our in­vestee com­pa­nies are typ­i­cal­ly weight­ed to­ward the lat­ter part of the fi­nan­cial year. In ac­cor­dance with IFRS Ac­count­ing Stan­dards, the com­pa­ny mea­sures its in­vest­ment port­fo­lio at fair val­ue.”

She added, “Dur­ing the pe­ri­od, a net un­re­alised gain of $0.8 mil­lion was recog­nised, com­pared to a loss of $60.2 mil­lion in the pri­or-year pe­ri­od, rep­re­sent­ing a favourable move­ment of ap­prox­i­mate­ly $62.0 mil­lion. To­tal com­pre­hen­sive loss there­fore im­proved to $36.1 mil­lion, com­pared to $97.9 mil­lion in 2025, a re­duc­tion in loss of ap­prox­i­mate­ly 63 per cent. These move­ments are non-cash in na­ture and re­flect changes in the mar­ket prices of the com­pa­ny’s list­ed in­vestee com­pa­nies.”

NIF’s port­fo­lio re­mains an­chored by in­vest­ments in Re­pub­lic Fi­nan­cial Hold­ings (RFHL), An­gos­tu­ra Hold­ings Ltd (AHL), One Caribbean Me­dia (OCM), West In­di­an To­bac­co Com­pa­ny (WCO), and its whol­ly owned sub­sidiary, Trinidad Gen­er­a­tion Un­lim­it­ed (TGU).

How­ev­er the NIF chair said the com­pa­ny demon­strat­ed re­silience in its core in­come streams, de­spite con­tin­ued glob­al and re­gion­al eco­nom­ic un­cer­tain­ty aris­ing from geo-po­lit­i­cal ten­sions and mar­ket dis­rup­tions.

Sookram stat­ed NIF re­port­ed to­tal in­come of $33.6 mil­lion, rep­re­sent­ing a mod­est in­crease over the equiv­a­lent pri­or-year pe­ri­od of $32.1 mil­lion. Div­i­dend in­come re­mained sta­ble at $27.0 mil­lion, con­sis­tent with the pri­or-year quar­ter, while in­ter­est in­come in­creased by 38 per cent to $5.7 mil­lion, re­flect­ing im­proved re­turns on in­vest­ments in the Sink­ing Fund and a high­er av­er­age Fund bal­ance.”

The NIF chair­per­son point­ed out the com­pa­ny suc­cess­ful­ly met all coupon pay­ments due dur­ing the pe­ri­od, in full and on time, and main­tained its Cari­AA cred­it rat­ing, re­flect­ing high cred­it­wor­thi­ness, with a sta­ble out­look.