Custodian Investment Plc’s Remarkable Financial Performance in 2024 and Strategic Outlook for 2025
Custodian Investment Plc, a leading financial services group, has announced exceptional financial results for the 2024 financial year, demonstrating robust growth and strategic prowess. The company’s profit before tax soared to an impressive N60.67 billion, marking a remarkable 133% increase compared to the N25.99 billion recorded in 2023. This substantial leap in profitability underscores the effectiveness of Custodian’s business strategy and the dedication of its management team. Furthermore, the group achieved a significant boost in gross revenue, reaching N152 billion in 2024, a substantial 54% year-on-year growth from N98.87 billion in the previous year. This outstanding performance solidifies Custodian’s position as a dominant player in the Nigerian financial services sector.
Omobola Johnson, the Chairman of Custodian Investment Plc, attributed the company’s exceptional performance to the strength and resilience of its business model, combined with the astute leadership of its management team and the unwavering commitment of its staff. The board of directors expressed their unwavering support for the management’s continued efforts to deploy the group’s assets effectively and prudently, navigating the evolving complexities of the local and global economic landscape. Looking ahead to 2025, Custodian has outlined a strategic roadmap focused on three key pillars: business model reinvention, customer-centricity, and value creation. These strategic priorities aim to ensure the company’s continued success and sustainable growth in the years to come.
Custodian’s strategic focus on business model reinvention will involve adapting to the changing dynamics of the financial services industry, embracing emerging technologies, and exploring innovative solutions to enhance operational efficiency and optimize customer experiences. The company recognizes the importance of staying ahead of the curve in a rapidly evolving market and will continually assess its business model to ensure it remains competitive and relevant. Furthermore, Custodian’s commitment to customer-centricity underscores its dedication to building strong relationships with its clients, understanding their evolving needs, and tailoring its products and services accordingly. By placing the customer at the heart of its operations, Custodian aims to foster loyalty and long-term partnerships.
Value creation is another key element of Custodian’s strategic vision for 2025. The company is committed to maximizing returns for its shareholders and creating lasting value for all stakeholders. Leveraging data-driven insights and exploring untapped market opportunities, Custodian aims to identify and capitalize on promising investment avenues that align with its long-term growth objectives. This strategic focus on value creation will ensure the company’s continued financial strength and its ability to deliver sustainable returns to its investors.
In recognition of its strong financial performance and commitment to delivering value to shareholders, Custodian’s board of directors approved a total dividend of 125 kobo per share for the 2024 financial year. This dividend payout comprises an interim dividend of 15 kobo and a final dividend of 110 kobo, reflecting the company’s commitment to rewarding its investors and sharing its success. Furthermore, Custodian plans to integrate emerging technologies and AI-driven solutions to enhance operational efficiency and optimize its processes. This strategic adoption of technology will empower the company to streamline operations, improve decision-making, and deliver enhanced services to its customers. Custodian also recognizes the importance of maintaining strong relationships with regulators, customers, and strategic partners. The company is committed to collaborating with these key stakeholders to foster a mutually beneficial environment and promote sustainable growth within the financial services sector.
Wole Oshin, the Group Managing Director of Custodian Investment Plc, emphasized the group’s 2025 strategy, which centers on four key pillars: enhancing stakeholder value, fostering innovation, strengthening governance, and promoting sustainability. These strategic pillars will guide Custodian’s efforts to achieve long-term growth and create a positive impact on society. Oshin reiterated the group’s commitment to identifying and leveraging new investment opportunities that align with its vision of creating and preserving wealth for all stakeholders. Recognizing that wealth creation extends beyond financial gains, Custodian is committed to fostering sustainable and lasting impact, contributing to the overall well-being of the communities it serves. Oshin reaffirmed the group’s dedication to delivering long-term value through trust, innovation, and meaningful contributions to society. This commitment to social responsibility underscores Custodian’s belief in creating a positive and sustainable future for all. Beyond its financial achievements, Custodian has also demonstrated a commitment to empowering young entrepreneurs through its Custodian Mentorship Conference. Since its inception in 2018, the program has empowered over 5,000 young entrepreneurs, providing them with valuable mentorship, resources, and guidance to navigate the challenges of starting and growing a business. This initiative highlights Custodian’s dedication to fostering entrepreneurship and supporting the next generation of business leaders.
