Custodian Investment Plc demonstrated resilience, posting a 2.2% rise in after-tax profit for the nine months ended September 30, 2025.
The company achieved this growth largely through stronger interest income and strategic investments.
Custodian Investment Shows Resilience
During the period, earnings climbed to ₦45.65 billion, slightly surpassing ₦44.69 billion from the same period last year.
Meanwhile, gross revenue jumped 36.2% to ₦173.85 billion, as higher insurance service income, robust investment returns, and improved fees and commissions strengthened the group’s performance.
Revenue And Earnings Growth
Insurance remained the backbone of the business.
Service revenue increased to ₦121.7 billion from ₦92.08 billion, while interest income grew to ₦33.17 billion.
Furthermore, dividend income more than doubled to ₦2.31 billion, boosting the group’s earnings capacity.
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Managing Costs Amid Growth
However, rising operating costs tempered profit expansion.
Expenses climbed to ₦138.6 billion, driven by higher insurance service and reinsurance costs.
Despite these pressures, the group maintained profit before tax at ₦52.74 billion, slightly above ₦52.45 billion last year.
After accounting for tax of ₦7.09 billion, Custodian closed the period with a post-tax profit of ₦45.65 billion.
Total comprehensive income reached ₦48.95 billion, and earnings per share rose to 759 kobo from 750 kobo, reflecting continued value creation for shareholders.
Overall, disciplined cost management and diversified income streams enabled Custodian Investment to sustain growth, even amid rising expenses, highlighting its resilience in Nigeria’s dynamic financial sector.
