Nigeria: Custodian Investment Grows Revenue By 48 Percent, As Total Assets Hit N1trn

6 April 2026
Leadership (Abuja)
By Olushola Bello

Custodian Investment Plc has posted a revenue growth of 48 per cent year-on-year while total assets surged to hit the N1 trillion milestone for the financial year ended December 31, 2025.

The company audited financial results delivered a strong performance driven by significant growth across key financial indicators and major strategic milestones, despite a challenging operating environment.

The Group recorded robust growth in both revenue and profitability, highlighting the strength and resilience of its diversified financial services model. Gross Revenue rose by 48 per cent to N225 billion from N152 billion. Profit before tax increased by 24 per cent to N77 billion as against N62 billion in 2024; while profit after tax also grew by 24 per cent to N68 billion from N55 billion in 2024, with earnings per share advancing 26 per cent to N11.19.

In a defining milestone, Custodian's total assets surged by 155 per cent to N1 trillion compared to N416 billion in 2024, while shareholders' equity increased by 53 per cent to N199 billion, reflecting enhanced balance sheet strength and sustained value creation.

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Operationally, the Group made significant strategic progress during the year. Most notably, Custodian completed the acquisition of Quest Merchant Bank through the EverQuest Acquisition LLP consortium, marking its entry into wealth management, and advisory services. This move broadens the Group's earnings base and reinforces its evolution into a fully diversified financial services powerhouse.

The Group also recorded strong growth in its core insurance business, with Insurance Service Revenue increasing from N96 billion in 2024 to N141 billion under the period review, driven by improved underwriting performance and expanded distribution capabilities.

Speaking on the results, the group managing director of Custodian Investment, Wole Oshin, stated, "our 2025 performance reflects disciplined execution, the resilience of our business model, and our deliberate expansion into high-growth financial segments."

Custodian Investment is a leading Nigerian investment holding company with interests spanning insurance, pensions, trusteeship, asset management, real estate, and merchant banking. Through its subsidiaries, the Group delivers comprehensive financial solutions to a broad and diverse customer base.

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