Custodian Investment Plc has reported a modest profit increase for the nine months ended September 30, 2025, with after-tax earnings rising to ₦45.65 billion, up 2.2 percent from ₦44.69 billion in the same period last year.
The financial services group attributed the growth to a surge in interest and dividend income, alongside stronger performance from its core insurance operations.
According to the company’s unaudited financials released on the Nigerian Exchange (NGX), gross revenue climbed 36.2 percent to ₦173.85 billion from ₦127.72 billion in 2024. This uptick was driven largely by higher insurance service revenue, robust investment income, and improved fee and commission earnings.
Insurance activities remained the Group’s backbone, contributing ₦121.7 billion in service revenue, compared to ₦92.08 billion a year earlier. Interest income also increased to ₦33.17 billion, while dividend income more than doubled to ₦2.31 billion, reflecting a stronger investment yield environment.
However, rising operational costs moderated overall profit growth. Operating expenses surged to ₦138.6 billion from ₦100.56 billion, largely due to higher insurance service expenses and reinsurance costs.
Despite the cost pressures, Custodian maintained a steady profit before tax of ₦52.74 billion, slightly above ₦52.45 billion in the prior period. After-tax profit stood at ₦45.65 billion, underscoring the Group’s consistent profitability and resilience.
Total comprehensive income rose to ₦48.95 billion, while earnings per share (EPS) inched up to 759 kobo, from 750 kobo last year—signaling sustained value creation for shareholders.
