CUSTODIAN INVESTMENT : QUARTER 1 - FINANCIAL STATEMENT FOR 2025

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[{"type":"text","content":"\n \n UNAUDITED CONSOLIDATED FINANCIAL REPORTS\n \n \n \n FOR THE FIRST QUARTER ENDED\n \n \n \n 31ST MARCH 2025\n \n \n Financial Statements\n \n Group\n \n \n Group\n \n \n Group\n \n \n Restated\n \n \n Company\n \n \n Company\n \n \n In thousands of naira\n \n \n 31-Mar-25\n \n \n 31-Dec-24\n \n \n 1-Jan-22\n \n \n 31-Mar-25\n \n \n 31-Dec-24\n \n \n \n Cash and cash equivalents\n \n \n \n 51,643,481\n \n \n \n 43,989,037\n \n \n \n 17176184\n \n \n \n 2,628,257\n \n \n \n 3,712,475\n \n \n Financial assets\n \n \n 285,971,692\n \n \n 279,174,934\n \n \n 113959758\n \n \n 11,513,507\n \n \n 11,940,054\n \n \n Investment properties\n \n \n 18,174,500\n \n \n 18,174,500\n \n \n 11760655\n \n \n 10,509,000\n \n \n 10,509,000\n \n \n Property, plant and equipment\n \n \n 14,834,945\n \n \n 14,612,511\n \n \n 4696005\n \n \n 132,229\n \n \n 159,084\n \n \n Insurance contract liabilities\n \n \n 221,301,787\n \n \n 195,359,004\n \n \n 94924864\n \n \n -\n \n \n -\n \n \n \n Equity attributable to owners of the parent\n \n \n 133,971,452\n \n \n 123,565,491\n \n \n 49,802,977\n \n \n 47,288,914\n \n \n 46,967,989\n \n \n Total Assets\n \n \n 432,094,622\n \n \n 407,294,048\n \n \n 183,825,664\n \n \n 53,868,192\n \n \n 53,478,478\n \n \n Income statement highlights\n \n \n \n Group\n \n \n \n Group\n \n \n \n Company\n \n \n \n Company\n \n \n In thousands of naira\n \n \n 31-Mar-25\n \n \n 31-Mar-24\n \n \n 31-Mar-25\n \n \n 31-Mar-24\n \n \n \n Gross Revenue\n \n \n \n 59,073,112\n \n \n \n 38,037,765\n \n \n \n 1,924,347\n \n \n \n 144,634\n \n \n Insurance service revenue\n \n \n 43,865,122\n \n \n 28,292,725\n \n \n -\n \n \n -\n \n \n Sales\n \n \n 2,181,052\n \n \n 1,301,256\n \n \n -\n \n \n -\n \n \n Dividend Income\n \n \n 557,427\n \n \n 148,580\n \n \n 1,674,578\n \n \n -\n \n \n Fees and Commissiom\n \n \n 1,973,066\n \n \n 1,451,902\n \n \n -\n \n \n -\n \n \n Other Operating Income\n \n \n 123,655\n \n \n 54,031\n \n \n 89,219\n \n \n 32,007\n \n \n Interest Income\n \n \n 10,372,790\n \n \n 6,789,271\n \n \n 160,550\n \n \n 112,627\n \n \n Operating Expenses\n \n \n (50,480,456)\n \n \n (19,088,674)\n \n \n -\n \n \n -\n \n \n Insurance Service expenses\n \n \n (29,709,933)\n \n \n (12,109,239)\n \n \n -\n \n \n -\n \n \n Net expense from reinsurance contracts held\n \n \n (13,938,129)\n \n \n (8,949,041)\n \n \n -\...

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