NAMA posts €26m after-tax profit as agency prepares to wind down operations

NAMA's also said it expected its lifetime contribution to the Exchequer to be around €4.9bn

The agency also reported a transfer of €3.9bn in cash to the State, €3.5bn of which was from its lifetime surplus and over €400m in corporation tax payments. Photo: Sam Boal/Rollingnews.ie

The National Asset Management Agency (NAMA) posted an after-tax profit of €26m in the first six months of 2023, falling by more than 53% as the agency prepares to wind down operations by 2025. 

Down from €56m in the same period in 2022, the agency recorded €121m in total cash generated for the first six months of this year, made through disposals of assets and loans as well as the receipt of non-disposal income, however, the figure was down significantly from €492m generated in the same period last year.