Custodian Investment Plc (NGX:CUSTODIAN)

United States Steel Income Statement

Financials in millions NGN. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	124,635	96,228	65,190	57,304	40,881	33,893
Total Interest & Dividend Income	49,859	27,922	18,751	13,657	12,235	10,532
Gain (Loss) on Sale of Investments	18,197	21,634	-4,593	-6,605	-14,854	21,921
Non-Insurance Activities Revenue	15,463	11,629	5,344	5,897	825.4	1,182
Other Revenue	7,833	6,748	5,222	4,339	5,696	4,988
Total Revenue	215,987	164,160	89,913	74,591	44,784	72,516
Revenue Growth (YoY)	79.23%	82.58%	20.54%	66.56%	-38.24%	52.84%
Policy Benefits	147,791	103,433	69,217	53,732	15,351	47,130
Policy Acquisition & Underwriting Costs	-	-	-	-	5,424	4,443
Amortization of Goodwill & Intangibles	113.26	101.29	51.91	40.44	86.87	83.16
Depreciation & Amortization	671.97	601.05	736.46	672.71	559.92	425.05
Selling, General & Administrative	10,494	9,735	6,077	5,012	5,600	3,756
Non-Insurance Activities Expense	10,684	7,985	3,442	4,289	685.13	1,423
Other Operating Expenses	-613.97	-385.3	-795.71	-742.51	478.42	102.98
Total Operating Expenses	175,470	127,465	82,293	65,898	31,803	60,122
Operating Income	40,517	36,695	7,620	8,693	12,981	12,393
Interest Expense	-451.11	-238.3	-248.3	-198.4	-555.85	-302.17
Earnings From Equity Investments	1,888	793.85	1,233	233.07	308.48	4.78
Currency Exchange Gain (Loss)	23,248	23,248	17,578	2,639	315.33	-
Other Non Operating Income (Expenses)	204.1	173.7	-192.4	149.59	-726.28	380.2
EBT Excluding Unusual Items	65,406	60,673	25,991	11,517	12,322	12,476
Gain (Loss) on Sale of Assets	-	-	-	-41.08	-	-
Other Unusual Items	-	-	-	-	-	1,210
Pretax Income	65,406	60,673	25,991	11,476	12,322	13,686
Income Tax Expense	7,876	7,129	6,314	2,614	2,151	896.94
Earnings From Continuing Ops.	57,530	53,543	19,677	8,861	10,171	12,789
Earnings From Discontinued Ops.	-	-	-	-	-116.29	-101.62
Net Income to Company	57,530	53,543	19,677	8,861	10,055	12,687
Minority Interest in Earnings	-1,685	-1,276	-620.25	-488.58	605.11	-1,271
Net Income	55,845	52,268	19,057	8,373	10,660	11,417
Net Income to Common	55,845	52,268	19,057	8,373	10,660	11,417
Net Income Growth	61.47%	174.27%	127.61%	-21.45%	-6.63%	99.13%
Shares Outstanding (Basic)	5,882	5,882	5,882	5,882	5,882	5,882
Shares Outstanding (Diluted)	5,882	5,882	5,882	5,882	5,882	5,882
EPS (Basic)	9.49	8.89	3.24	1.42	1.81	1.94
EPS (Diluted)	9.49	8.89	3.24	1.42	1.81	1.94
EPS Growth	61.47%	174.27%	127.61%	-21.45%	-6.63%	100.10%
Free Cash Flow	65,231	53,338	43,981	17,503	-7,068	46,245
Free Cash Flow Per Share	11.09	9.07	7.48	2.98	-1.20	7.86
Dividend Per Share	1.100	1.250	0.800	0.650	0.500	0.550
Dividend Growth	15.79%	56.25%	23.08%	30.00%	-9.09%	22.22%
Operating Margin	18.76%	22.35%	8.48%	11.65%	28.98%	17.09%
Profit Margin	25.86%	31.84%	21.20%	11.22%	23.80%	15.74%
Free Cash Flow Margin	30.20%	32.49%	48.91%	23.47%	-15.78%	63.77%
EBITDA	41,907	37,710	8,359	9,275	13,412	12,972
EBITDA Margin	19.40%	22.97%	9.30%	12.44%	29.95%	17.89%
D&A For EBITDA	1,390	1,015	739.08	581.74	431.15	578.32
EBIT	40,517	36,695	7,620	8,693	12,981	12,393
EBIT Margin	18.76%	22.35%	8.48%	11.65%	28.98%	17.09%
Effective Tax Rate	12.04%	11.75%	24.29%	22.78%	17.46%	6.55%

Updated Jan 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.