{
  "id": 17283736,
  "title": "Custodian Investment’s nine-month pre-tax profit rises 25.52% to N66.20 billion",
  "url": "https://urgent.news/2026/10/30/custodian-investments-nine-month-pre-tax-profit-rises-25-52-to-n66-20",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-30T20:03:37.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/10/30/custodian-investments-nine-month-pre-tax-profit-rises-25-52-to-n66-20-billion/"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "Custodian Investment Plc reported a pre-tax profit of N66.20 billion for the nine months ended September 30, 2026, representing a 25.52% increase from N52.74 billion in the corresponding period of 2025. The post Custodian Investment’s nine-month pre-tax profit rises 25.52% to N66.20 billion appeared first on Nairametrics .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}