Custodian Investment Plc has recorded a major profit jump, ending the 2024 financial year with a profit before tax of ₦60.67 billion. This marks a 133 per cent increase from the ₦25.99 billion posted in 2023. The announcement was made during the company’s 30th Annual General Meeting (AGM), held over the weekend in Lagos.
The company also reported a gross revenue of ₦152 billion in 2024, showing a significant rise from ₦98.87 billion in the previous year. This represents a 54 per cent increase year-on-year, signalling strong business performance across all areas.
While addressing shareholders at the AGM, the Chairman of Custodian Investment Plc, Mrs. Omobola Johnson, said the results reflect the solid business structure and disciplined management style of the group. She commended the company’s management team and employees for staying focused despite the unpredictable economic environment in Nigeria and beyond.
“Our overall strong performance shows how resilient our business is. The team has worked hard, and the board remains committed to making sure the company stays strong in the future,” she said.
Mrs. Johnson also said that the board will continue to provide the needed support to management so that the company can wisely and profitably use its assets despite challenges in the local and global economies. Looking ahead to 2025, she revealed that Custodian would focus more on business model innovation, customer-first strategies, and long-term value creation.
According to her, Custodian Investment is exploring new business areas and using market insights to discover fresh opportunities that can bring in more value for shareholders. She added that technology and artificial intelligence (AI) would play a big role in the group’s future direction, especially in improving operations and customer service.
To reward shareholders, Mrs. Johnson announced a total dividend of 125 kobo per share for the 2024 financial year. This includes an interim dividend of 15 kobo and a final dividend of 110 kobo. She said this decision reflects the company’s strong commitment to rewarding loyal investors with steady returns.
Also speaking at the AGM was the Group Managing Director, Mr. Wole Oshin, who explained that the company’s main goal for 2025 is to keep increasing value for all stakeholders. He said Custodian will also focus on corporate governance, innovation, and sustainability.
“We are not only interested in making profits. Our job is to make lasting impact in society while also preserving wealth for both our shareholders and our customers,” Mr. Oshin said.
He also mentioned that Custodian will continue to grow its presence in the financial and investment space by identifying new areas to invest in, including technology, insurance, pensions, and real estate.
Beyond business, Mr. Oshin revealed that the Custodian Mentorship Conference, a programme started in 2018, has empowered more than 5,000 young entrepreneurs across Nigeria. He said the initiative is part of the company’s corporate responsibility to build future leaders and business owners.
The AGM was attended by several key players in Nigeria’s finance and investment sectors, including regulators, investors, and shareholders. Many expressed satisfaction with the company’s strong performance and plans for the future.
With a focus on trust, innovation, and responsible business practices, Custodian Investment Plc says it is well-positioned to continue delivering results that benefit all its stakeholders in the years ahead.
