Custodian Investment Plc (NGX:CUSTODIAN)

Custodian Investment Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	-	155,659	107,292	50,640	43,526	38,312
Investments in Equity & Preferred Securities	6,926	18,018	10,540	6,062	6,324	6,477
Policy Loans	-	145.44	109.28	98.77	90.43	94.95
Total Investments	375,649	302,716	208,333	151,280	130,238	127,905
Cash & Equivalents	57,682	43,956	25,052	22,045	17,173	12,269
Reinsurance Recoverable	16,679	11,848	7,916	8,801	3,338	3,606
Other Receivables	25,537	3,103	4,309	4,472	2,965	4,461
Deferred Policy Acquisition Cost	-	-	-	-	784.69	662.83
Property, Plant & Equipment	16,412	14,724	13,900	13,308	4,766	4,526
Other Intangible Assets	232.14	277.27	231.81	239.71	172.49	159.11
Restricted Cash	-	33.35	6.85	-	3.67	1,474
Other Current Assets	4,691	26,599	6,860	9,395	22,732	20,533
Other Long-Term Assets	4,877	4,037	3,191	2,672	2,299	560
Total Assets	501,759	407,294	269,800	212,212	184,472	176,156
Accounts Payable	3,858	4,497	3,959	3,201	3,026	2,260
Accrued Expenses	-	21,404	5,058	6,777	5,155	3,824
Insurance & Annuity Liabilities	266,957	195,359	144,510	92,429	66,867	88,947
Unpaid Claims	-	-	-	10,900	9,755	6,668
Unearned Premiums	-	25,627	14,854	16,948	13,814	1,614
Reinsurance Payable	191.62	379.03	45.34	605.1	529.32	506.82
Short-Term Debt	1,242	3,380	2,147	2,179	2,517	1,143
Current Income Taxes Payable	5,911	4,310	1,876	3,346	1,942	1,694
Long-Term Debt	-	-	-	-	-	4,279
Long-Term Deferred Tax Liabilities	11,881	10,105	7,057	2,067	2,134	1,659
Other Current Liabilities	36,181	4,799	6,588	5,704	3,014	3,666
Other Long-Term Liabilities	-	-	-	-	8,616	-
Total Liabilities	326,221	272,767	188,334	147,311	120,134	118,650
Common Stock	2,941	2,941	2,941	2,941	2,941	2,941
Additional Paid-In Capital	6,412	6,412	6,412	6,412	6,412	6,412
Retained Earnings	144,248	107,532	59,970	45,030	44,614	37,059
Comprehensive Income & Other	9,682	6,680	2,222	1,108	1,189	1,237
Total Common Equity	163,283	123,565	71,545	55,492	55,157	47,649
Minority Interest	12,255	10,961	9,921	9,409	9,180	9,857
Shareholders' Equity	175,538	134,527	81,466	64,901	64,337	57,506
Total Liabilities & Equity	501,759	407,294	269,800	212,212	184,472	176,156
Filing Date Shares Outstanding	5,890	5,882	5,882	5,882	5,882	5,882
Total Common Shares Outstanding	5,890	5,882	5,882	5,882	5,882	5,882
Total Debt	1,242	3,380	2,147	2,179	2,517	5,423
Net Cash (Debt)	56,439	40,576	22,905	19,866	14,656	6,847
Net Cash Growth	36.79%	77.14%	15.30%	35.55%	114.06%	-26.52%
Net Cash Per Share	9.59	6.90	3.89	3.38	2.49	1.16
Book Value Per Share	27.72	21.01	12.16	9.43	9.38	8.10
Tangible Book Value	163,051	123,288	71,313	55,252	54,984	47,490
Tangible Book Value Per Share	27.68	20.96	12.12	9.39	9.35	8.07
Machinery	-	5,683	4,843	4,358	3,421	2,862

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