Custodian Investment Plc reported a pre-tax profit of N66.20 billion for the 9 months ended September 30, 2026, representing a 25.52% enhance from N52.74 billion within the corresponding interval of 2025.
Also, the unaudited outcomes present that in Q3 2026, pre-tax profit elevated by 3.68% to N23.08 billion from N22.26 billion in Q3 2025.
The funding holding firm’s gross income elevated by 46.92% to N255.41 billion, whereas profit after tax rose by 26.17% to N57.59 billion, supported by greater curiosity revenue and improved insurance coverage service outcomes.
Key Highlights
- Gross income: N255.41 billion (Up 46.92% YoY from N173.85 billion).
- Insurance service income: N115.85 billion (Down 4.81% YoY from N121.71 billion).
- Interest revenue: N110.14 billion (Up 232.01% YoY from N33.17 billion).
- Fees and fee: N16.58 billion (Up 156.05% YoY from N6.48 billion).
- Insurance service outcomes: N17.65 billion (Up 43.87% YoY from N12.27 billion).
- EPS: 827 kobo (Up 8.96% YoY from 759 kobo).
- Management bills: N29.95 billion (Up 119.41% YoY from N13.65 billion)
- Total property: N1.40 trillion (Up 31.33% from N1.06 trillion).
- Cash and money equivalents: N193.81 billion (Up 11.27% from N174.18 billion).
- Total fairness: N276.16 billion (Up 26.36% from N218.55 billion).
Driving the numbers
Custodian Investment’s nine-month efficiency was pushed largely by greater funding earnings and improved insurance coverage service profitability, though rising administration bills and insurance coverage financing prices weighed earnings.
- Gross income elevated by 46.92% to N255.41 billion, with curiosity revenue rising as a serious contributor.
- Interest revenue surged by 232.01% to N110.14 billion from N33.17 billion, accounting for about 43.12% of gross income.
Fees and fee revenue additionally elevated considerably to N16.58 billion from N6.48 billion, whereas gross sales income rose by 6.28% to N10.30 billion.
- However, insurance coverage service income declined by 4.81% to N115.85 billion from N121.71 billion.
Despite the decline, the group’s insurance coverage service outcomes improved by 43.87% to N17.65 billion, supported by decrease insurance coverage service bills.
- Insurance service bills declined by 17.70% to N58.63 billion from N71.24 billion, whereas web bills from reinsurance contracts elevated to N39.57 billion from N38.21 billion.
The enchancment in underwriting-related profitability was partly offset by greater insurance coverage financing bills.
- Net insurance coverage finance bills elevated by 73.72% to N39.39 billion from N22.68 billion, including stress to earnings.
- Management bills additionally greater than doubled to N29.95 billion from N13.65 billion, representing a rise of 119.41%.
Meanwhile, the funding end result elevated to N123.45 billion from N82.39 billion, reflecting stronger investment-related earnings.
These actions supported a 25.52% enhance in pre-tax profit to N66.20 billion, regardless of greater working prices.
- Profit after tax consequently elevated by 26.17% to N57.59 billion, though earnings per share grew extra slowly, rising by 8.96% to 827 kobo.
Balance sheet
On the steadiness sheet, complete property elevated by 31.33% to N1.40 trillion as of September 2026, from N1.06 trillion at December 2025, pushed primarily by development in monetary property and loans and advances to clients.
- Financial property elevated to N754.43 billion from N596.52 billion, whereas loans and advances rose to N247.85 billion from N130.79 billion.
- Customer balances additionally elevated, with quantities due to clients reaching N375.07 billion from N242.19 billion.
- Insurance contract liabilities elevated to N338.84 billion from N270.90 billion, reflecting greater insurance-related obligations.
However, working money move weakened, with the group recording a web working money outflow of N27.03 billion, in contrast with an influx of N26.81 billion within the corresponding interval of 2025.
- Net investing money influx amounted to N57.17 billion, serving to assist the rise in money balances to N193.81 billion.
Market response
Custodian Investment shares closed at N64.70 on October 29, 2026. The inventory had gained 50.5% year-to-date from its opening worth of N43.00, reflecting a optimistic share-price efficiency in 2026.
