Custodian Investment’s nine-month pre-tax profit rises 25.52% to N66.20 billion

Custodian Investment Plc announced a significant rise in its nine-month pre-tax profit, up 25.52% to N66.20 billion for the period ending September 30, 2026. This figure marked a stark contrast to N52.74 billion recorded in the same period of 2025. The unaudited results for Q3 2026 saw a 3.68% increase in pre-tax profit, reaching N23.08 billion from N22.26 billion in the corresponding quarter of 2025.

The company's gross revenue grew by 46.92% to N255.41 billion, driven by heightened interest income and enhanced insurance service results. However, the insurance service revenue decreased by 4.81% to N115.85 billion, and profit after tax rose by 26.17% to N57.59 billion. The investment holding company's total assets expanded by 31.33% to N1.40 trillion, while cash and cash equivalents increased by 11.27% to N193.81 billion.

Despite the surge in pre-tax profit, management expenses climbed by 119.41% to N29.95 billion, and operating cash flow contracted, registering a net outflow of N27.03 billion. These dynamics contributed to the 25.52% increase in pre-tax profit, despite the heavier operating costs.