Custodian Investment Plc (NGX:CUSTODIAN)

Custodian Investment 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	111,800	96,228	65,190	57,304	40,881	33,893
Total Interest & Dividend Income	34,750	27,922	18,751	13,657	12,235	10,532
Gain (Loss) on Sale of Investments	21,019	21,634	-4,593	-6,605	-14,854	21,921
Non-Insurance Activities Revenue	12,509	11,629	5,344	5,897	825.4	1,182
Other Revenue	7,269	6,748	5,222	4,339	5,696	4,988
Total Revenue	187,347	164,160	89,913	74,591	44,784	72,516
Revenue Growth (YoY)	73.72%	82.58%	20.54%	66.56%	-38.24%	52.84%
Policy Benefits	126,022	103,433	69,217	53,732	15,351	47,130
Policy Acquisition & Underwriting Costs	-	-	-	-	5,424	4,443
Amortization of Goodwill & Intangibles	119.16	101.29	51.91	40.44	86.87	83.16
Depreciation & Amortization	647.31	601.05	736.46	672.71	559.92	425.05
Selling, General & Administrative	9,711	9,735	6,077	5,012	5,600	3,756
Non-Insurance Activities Expense	8,715	7,985	3,442	4,289	685.13	1,423
Other Operating Expenses	-467.16	-385.3	-795.71	-742.51	478.42	102.98
Total Operating Expenses	150,992	127,465	82,293	65,898	31,803	60,122
Operating Income	36,355	36,695	7,620	8,693	12,981	12,393
Interest Expense	-385.17	-238.3	-248.3	-198.4	-555.85	-302.17
Earnings From Equity Investments	1,663	793.85	1,233	233.07	308.48	4.78
Currency Exchange Gain (Loss)	23,235	23,248	17,578	2,639	315.33	-
Other Non Operating Income (Expenses)	163.7	173.7	-192.4	149.59	-726.28	380.2
EBT Excluding Unusual Items	61,032	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	61,032	60,673	25,991	11,476	12,322	13,686
Income Tax Expense	7,246	7,129	6,314	2,614	2,151	896.94
Earnings From Continuing Ops.	53,786	53,543	19,677	8,861	10,171	12,789
Earnings From Discontinued Ops.	-	-	-	-	-116.29	-101.62
Net Income to Company	53,786	53,543	19,677	8,861	10,055	12,687
Minority Interest in Earnings	-1,414	-1,276	-620.25	-488.58	605.11	-1,271
Net Income	52,372	52,268	19,057	8,373	10,660	11,417
Net Income to Common	52,372	52,268	19,057	8,373	10,660	11,417
Net Income Growth	88.08%	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)	8.90	8.89	3.24	1.42	1.81	1.94
EPS (Diluted)	8.90	8.89	3.24	1.42	1.81	1.94
EPS Growth	88.08%	174.27%	127.61%	-21.45%	-6.63%	100.10%
Free Cash Flow	29,049	53,338	43,981	17,503	-7,068	46,245
Free Cash Flow Per Share	4.94	9.07	7.48	2.98	-1.20	7.86
Dividend Per Share	1.250	1.250	0.800	0.650	0.500	0.550
Dividend Growth	56.25%	56.25%	23.08%	30.00%	-9.09%	22.22%
Operating Margin	19.41%	22.35%	8.48%	11.65%	28.98%	17.09%
Profit Margin	27.95%	31.84%	21.20%	11.22%	23.80%	15.74%
Free Cash Flow Margin	15.50%	32.49%	48.91%	23.47%	-15.78%	63.77%
EBITDA	37,294	37,710	8,359	9,275	13,412	12,972
EBITDA Margin	19.91%	22.97%	9.30%	12.44%	29.95%	17.89%
D&A For EBITDA	938.35	1,015	739.08	581.74	431.15	578.32
EBIT	36,355	36,695	7,620	8,693	12,981	12,393
EBIT Margin	19.41%	22.35%	8.48%	11.65%	28.98%	17.09%
Effective Tax Rate	11.87%	11.75%	24.29%	22.78%	17.46%	6.55%

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