Table of Contents
Key Points
- Custodian Investment’s revenue rose from $54.2 million to $81.4 million, led by strong growth in its core insurance segment.
- Despite rising costs, profit climbed to $17.3 million, up from $14.7 million, with improved earnings per share and a declared interim dividend.
- Custodian’s total assets expanded from $266.8 million to $299 million, backed by rising retained earnings and shareholder equity growth.
Custodian Investment, the Lagos-based financial services group led by Nigerian insurance tycoon Wole Oshin, has posted another set of solid results for the first half of 2025, surpassing investor and analyst expectations. Revenue climbed to $81.4 million, driven largely by strong performance in its core insurance business.
Custodian sees revenue rise to $81.4 million
According to the company’s latest financial report, gross revenue rose from N82.76 billion ($54.2 million) in the same period last year to N124.27 billion ($81.4 million) in the six months ending June 30, 2025. The lion’s share came from its insurance arm, which grew significantly from N60.96 billion ($40 million) to N89.37 billion ($58.5 million).
Other segments, such as sales, dividend income, fees and commissions, operating income, and interest income, also recorded gains, underlining the strength of the company’s diversified operations under Oshin’s leadership.
Profit grows, shareholders reap rewards
Despite a rise in operating costs, the company managed to grow its profit, which rose from N22.4 billion ($14.7 million) in the first half of 2024 to N26.39 billion ($17.3 million) this year.
Earnings per share also improved to N4.38 ($0.00287), up from N3.77 ($0.00247) in the same period last year. On the back of this performance, the board has proposed an interim dividend of N0.25 ($0.000164) per share, signaling continued focus on rewarding shareholders.
Custodian assets hit $299 million
Founded in 1991, Custodian Investment has grown into one of Nigeria’s most respected financial institutions, with interests spanning insurance, pensions, and real estate. Under Oshin, the company has built a record of steady growth. As group managing director and its largest shareholder, Oshin owns a 27.05 percent stake, equivalent to 1.59 billion shares.
Backed by the half-year results, the group’s retained earnings rose to N105.65 billion ($69.2 million) as of June 30, 2025, from N89.96 billion ($59 million) at the end of December 2024. Total assets increased from N407.29 billion ($266.8 million) to N456.32 billion ($299 million), while equity grew from N134.52 billion ($88.2 million) to N155.2 billion ($101.7 million).
