Custodian Investment Plc has projected dividend payments of N8.95 billion in its earnings forecast for the second quarter ending June 30, 2026, reflecting the group’s commitment to sustaining shareholder returns amid an improved earnings outlook.
The financial services group expects gross revenue to rise to N142.92 billion during the period, compared with N102.22 billion recorded in the corresponding period of 2025.
Operating expenses are projected at N100.39 billion, up from N68.79 billion in the previous year, reflecting increased operational activities across the group.
Custodian Investment projects its cash and cash equivalents will close the period at N117.25 billion as the group continues to balance liquidity, investment expansion and shareholder value.
Despite the higher costs, Custodian Investment forecast profit before tax of N33.56 billion, representing growth from the N25.48 billion recorded in the same period last year. After accounting for a tax provision of N5.37 billion, profit after tax is expected to reach N28.19 billion compared with N21.36 billion in the corresponding period of 2025.
The forecast shows that N27.63 billion of the projected profit will be attributable to owners of the parent company, while N560.77 million will go to non-controlling interests.
The company also expects to record investment income of N10.66 billion and other income of N1.93 billion during the period.
Cash flow projections indicate that the group expects to generate N40.73 billion in net cash from operating activities during the period. However, investing activities are projected to record a net outflow of N70.65 billion, largely driven by the purchase of financial assets and other investments.
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