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Wednesday, April 29, 2026

Custodian Investment Boosts Q1 Profit Despite Macro Economic Turbulence

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Bala Augie
Bala Augiehttps://moneycentral.com.ng
Bala is the Editor of MoneyCentral Media. Bala is a Fellow (FCA) of the Institute of Chartered Accountants in Nigeria (ICAN) and holds a Bsc in Accounting from the University of Abuja. Bala has over 12 years’ experience in the financial journalism landscape with specialization in the Insurance, markets and Finance sectors.
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Despite a volatile macroeconomic landscape, Custodian Investment is thriving as the investment holding company posted record profit, a stellar performance that underscores the resilience of its business model.

The investment company who continues to deliver strong and sustainable returns to shareholders posted a profit after tax (PAT) of N17.85 billion in the first three months of 2026, which is 63.16 percent higher than 2025’s N10.94 billion.

Custodian Investment is planning on adopting emerging technologies and AI-driven solutions to enhance efficiency while strengthening relationships with regulators, customers, and strategic partners. This strategic will enhance seamless operations that will add strength to earnings.

Net profit margin increased to 22.24 percent in the period under review from 18.50 percent the previous year.

Gross revenue spiked by 35.87 percent to N80.26 billion in March 2026 from N59.07 billion as at March 2025.

A breakdown of Group revenue shows insurance service revenue was down 14.88 percent to N37.88 billion in the period under review from N43.86 billion the previous year.

Interest income, which is part of the top line (sales) figure, rose by 238.86 percent to N35.14 billion from N10.37 billion as at March 2025.

As a result of inflationary pressures and currency volatility that bloated the replacement cost of assets, total operating expenses were up 74.77 percent to N69.17 billion as at March 2026.



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