Custodian Investment Plc, one of Nigeria’s investment holding companies, for the period ended September 30, 2025, reported a 2.2 percent rise in its after-tax profits, driven by interest income.

According to the company’s statement on the Nigerian Exchange (NGX), the conglomerate’s earnings rose to N45.65 billion in the nine months of this year, slightly higher than the N44.69 billion recorded in the same period of 2024.

This growth is traceable to a 36.2 percent rise in gross revenue to N173.85 billion, compared to N127.72 billion in the corresponding period of 2024.

This was driven largely by higher insurance service revenue, strong investment income, and improved fee and commission earnings.

Insurance activities remained a major contributor, as insurance service revenue increased to N121.7 billion, up from N92.08 billion the previous year. Interest income also rose to N33.17 billion, while dividend income more than doubled to N2.31 billion, strengthening the Group’s earnings capacity.

However, rising expenses tempered overall profit expansion. Operating expenses rose significantly to N138.6 billion from N100.56 billion, largely driven by higher insurance service expenses and an increase in reinsurance costs.

Despite these pressures, the Group maintained a stable profit before tax of N52.74 billion, slightly higher than the N52.45 billion posted in the prior year. After accounting for tax expenses of N7.09 billion, Custodian closed the period with a PAT of N45.65 billion, reinforcing the Group’s consistent profitability.

Total comprehensive income rose to N48.95 billion, while earnings per share increased to 759 kobo, up from 750 kobo in 2024—an indication of stronger value creation for shareholders.