Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Audited Consolidated and Separate Financial Statements for the period ended June 30, 2025, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE).
The Group recorded Profit Before Tax (PBT) of ₦600.9 billion, driven by strong performance across core earning lines. Interest income and fee income grew year-on-year by 31.5% and 33.0%, respectively. This robust core-earning performance helped moderate the impact of the ₦493.01 billion fair value gains recognized in H1-2024, which did not recur in H1-2025, thereby narrowing the year-on-year dip in PBT to 40%.
…Reports Profit Before Tax of ₦600.9 Billion
GTCO recorded growth across all asset lines, maintaining a well-structured, de-risked, and diversified balance sheet across its Banking operations as well as its Payments, Pension, and Funds Management business verticals. Total assets closed at ₦16.7 trillion, while shareholders’ funds stood at ₦3.0 trillion. The Group’s Capital Adequacy Ratio (CAR)remained very strong at 36.2%, and asset quality improved, with IFRS 9 Stage 3 Loans closing at 3.2% (Bank level) and 4.5% (Group) in H1-2025, compared to 3.5% (Bank) and 5.2% (Group) in December 2024. Cost of Risk (COR) also improved to 1.7%, down from 4.9% in December 2024.
In specific terms, the Group’s loan book (net) grew by 20.5%, from ₦2.79 trillion in December 2024 to ₦3.36 trillionin June 2025. Similarly, deposit liabilities rose by 16.6%, from ₦10.40 trillion to ₦12.13 trillion over the same period. The Board approved an interim dividend of ₦1.00 per share for H1-2025.
Commenting on the results, the Group Chief Executive Officer of Guaranty Trust Holding Company Plc, Mr. Segun Agbaje, said:
“Our half-year performance reflects the strength of our core business and the progress we are making in building a truly diversified financial services ecosystem. Beyond the extraordinary one-off gains of last year, we are now driving sustainable growth with recurring earnings that highlight the resilience and scalability of our model. A key driver of this momentum is our continued investment in technology, particularly the comprehensive upgrade of our core banking systems, which is already delivering stronger uptime, greater efficiency, and increased capacity to scale as our customer base grows.”
He added:
“Across Banking, Funds Management, Pension, and Payments, we are leveraging a fully de-risked balance sheet to reinforce our market position while maintaining strategic flexibility for growth. This foundation positions us to take advantage of emerging opportunities and deliver lasting value for all stakeholders.”
Overall, GTCO continues to deliver industry-leading metrics in the Nigerian financial services sector, with:
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Pre-Tax Return on Equity (ROAE): 60.4%
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Pre-Tax Return on Assets (ROAA): 10.6%
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Capital Adequacy Ratio (CAR): 36.2%
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Cost to Income Ratio: 30.1%
About Guaranty Trust Holding Company Plc (GTCO Plc):
GTCO Plc is a leading financial services group with operations across Africa and the United Kingdom. Renowned for its strong corporate governance, innovative financial solutions, and customer-centric approach, GTCO Plc provides a wide range of banking and non-banking services, including payments, funds management, and pension fund administration. The Group is committed to delivering long-term value to stakeholders while driving growth and development across its markets.
