https://www.nama.ie/uploads/documents/Q1-2024-s55-Accounts.pdf
The report is accompanied by a letter to the Minister for Finance which includes the following information:
- Profit after tax for the period January-March 2024: €22 million (Q1 2023: €7 million)
- Total cash generated in the 3-month period: €39 million. A further €68m in cash was generated in the period from 1 April 2024 to 21 June 2024, bringing cumulative cash generated since inception to €47.8bn
- Total lifetime surplus transfers by NAMA to Exchequer: The Agency has transferred a cumulative €4.25 billion cash to the Exchequer; €3.85 billion from its lifetime surplus and over €400 million in corporation tax payments. NAMA’s continued strong performance has enabled the NAMA Board to revise the projected lifetime surplus upwards from €4.5 billion to €4.8 billion.
- NAMA’s expected lifetime contribution to the Exchequer, between the projected surplus of €4.8 billion and projected corporation tax payments, will be in the region of €5.2 billion.
- An update on NAMA’s residential delivery activity as follows:
- 37,734 homes delivered - of these, 14,291 homes were delivered directly through NAMA funding and 23,443 delivered indirectly on sites sold by NAMA debtors or refinanced
- In 2024, 73 residential units have been directly delivered by NAMA; a further 369 units that are to be directly delivered are under construction.
- A summary of NAMA’s activities in the Dublin Docklands Strategic Development Zone which are now fully completed or sold.
- An update on NAMA’s delivery of social housing (up to March 2024, 2,957 social housing homes have been either directly or indirectly delivered or committed by NAMA, excluding those delivered under Part V arrangements on NAMA-funded residential developments).
