Custodian Investment Plc (NGX:CUSTODIAN)

Custodian Investment Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	98,162	65,190	57,304	40,881	33,893
Total Interest & Dividend Income	19,636	18,751	13,657	12,235	10,532
Gain (Loss) on Sale of Investments	22,153	-4,593	-6,605	-14,854	21,921
Non-Insurance Activities Revenue	11,936	5,344	5,897	825.4	1,182
Other Revenue	6,753	5,222	4,339	5,696	4,988
Total Revenue	158,640	89,913	74,591	44,784	72,516
Revenue Growth (YoY)	76.44%	20.54%	66.56%	-38.24%	52.84%
Policy Benefits	98,277	69,217	53,732	15,351	47,130
Policy Acquisition & Underwriting Costs	-	-	-	5,424	4,443
Amortization of Goodwill & Intangibles	109.99	51.91	40.44	86.87	83.16
Depreciation & Amortization	751.66	736.46	672.71	559.92	425.05
Selling, General & Administrative	9,516	6,077	5,012	5,600	3,756
Non-Insurance Activities Expense	7,763	3,442	4,289	685.13	1,423
Other Operating Expenses	-242.59	-795.71	-742.51	478.42	102.98
Total Operating Expenses	121,956	82,293	65,898	31,803	60,122
Operating Income	36,683	7,620	8,693	12,981	12,393
Interest Expense	-201.4	-248.3	-198.4	-555.85	-302.17
Earnings From Equity Investments	808.52	1,233	233.07	308.48	4.78
Currency Exchange Gain (Loss)	23,684	17,578	2,639	315.33	-
Other Non Operating Income (Expenses)	-23.24	-192.4	149.59	-726.28	380.2
EBT Excluding Unusual Items	60,951	25,991	11,517	12,322	12,476
Gain (Loss) on Sale of Assets	-	-	-41.08	-	-
Other Unusual Items	-	-	-	-	1,210
Pretax Income	60,951	25,991	11,476	12,322	13,686
Income Tax Expense	9,653	6,314	2,614	2,151	896.94
Earnings From Continuing Ops.	51,298	19,677	8,861	10,171	12,789
Earnings From Discontinued Ops.	-	-	-	-116.29	-101.62
Net Income to Company	51,298	19,677	8,861	10,055	12,687
Minority Interest in Earnings	-969.32	-620.25	-488.58	605.11	-1,271
Net Income	50,329	19,057	8,373	10,660	11,417
Net Income to Common	50,329	19,057	8,373	10,660	11,417
Net Income Growth	164.10%	127.61%	-21.45%	-6.63%	99.13%
Shares Outstanding (Basic)	5,882	5,882	5,882	5,882	5,882
Shares Outstanding (Diluted)	5,882	5,882	5,882	5,882	5,882
EPS (Basic)	8.56	3.24	1.42	1.81	1.94
EPS (Diluted)	8.56	3.24	1.42	1.81	1.94
EPS Growth	164.10%	127.61%	-21.45%	-6.63%	100.10%
Free Cash Flow	32,381	28,070	17,503	-7,068	46,245
Free Cash Flow Per Share	5.51	4.77	2.98	-1.20	7.86
Dividend Per Share	-	0.800	0.650	0.500	0.550
Dividend Growth	-	23.08%	30.00%	-9.09%	22.22%
Operating Margin	23.12%	8.47%	11.65%	28.99%	17.09%
Profit Margin	31.73%	21.20%	11.22%	23.80%	15.74%
Free Cash Flow Margin	20.41%	31.22%	23.47%	-15.78%	63.77%
EBITDA	37,493	8,359	9,275	13,412	12,972
EBITDA Margin	23.63%	9.30%	12.43%	29.95%	17.89%
D&A For EBITDA	809.52	739.08	581.74	431.15	578.32
EBIT	36,683	7,620	8,693	12,981	12,393
EBIT Margin	23.12%	8.47%	11.65%	28.98%	17.09%
Effective Tax Rate	15.84%	24.29%	22.78%	17.46%	6.55%

Source: S&P Capital IQ. Insurance template. Financial Sources.