Despite the difficult macroeconomic environment that characterised 2024, Custodian Investment Plc reported a profit before tax (PBT) of N60.673 billion and gross revenue of N152 billion.

In 2023, it posted a PBT of N25.991 billion on gross revenue of N98.872 billion, implying a PBT growth of 133 per cent.

Chairman of the company, Dr Omobola Johnson, told shareholders at the 30th Annual General Meeting (AGM) of the company held over the weekend in Lagos.

“Our overall strong performance underscores the resilience of our business model and tenacity of our management team staff,” she said.

She reassured shareholders that the board would continue to work with management to deploy the group’s assets professionally, prudently and profitably within the dictates of the evolving local and global economy.

On the future prospects, the Chairman noted: “Looking ahead, several strategic imperatives will be crucial for navigating the economic landscape of 2025,” adding that the group will be reinventing business models to adapt to new economic realities by focusing on agility, customer-centricity and value creation.

She said: “In line with our commitment to deliver strong and sustainable returns to our shareholders, the board approved a total dividend of 125 kobo for every share of 50 Kobo held for the financial year 2024, which is made up of interim dividend of 15 Kobo paid earlier and a final dividend of 110 Kobo.”