Guaranty Trust Holding Company Plc (GTCO) has announced a profit before tax (PBT) of ₦600.9 billion for the half year ended despite the absence of last year’s one-off fair value gains of ₦493.01 billion.
The audited financial statements, released to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE), showed that interest income and fee income rose year-on-year by 31.5% and 33.0% respectively, cushioning the impact of the non-recurring 2024 gains and narrowing the year-on-year dip in PBT to 40%.
The Group reported total assets of ₦16.7 trillion and shareholders’ funds of ₦3.0 trillion, supported by a robust capital adequacy ratio of 36.2%. Asset quality also improved, with IFRS 9 Stage 3 Loans declining to 3.2% at Bank level and 4.5% at Group level, compared to 3.5% and 5.2% respectively in December 2024. Cost of Risk dropped significantly to 1.7% from 4.9% at year-end 2024.
GTCO’s loan book (net) grew 20.5% to ₦3.36 trillion in June 2025 from ₦2.79 trillion in December 2024, while deposit liabilities rose 16.6% to ₦12.13 trillion within the same period. The Board has approved an interim dividend of ₦1.00 per share.
Commenting on the results, Group Chief Executive Officer, Segun Agbaje, said the performance reflects the strength of GTCO’s core business and its progress in building a diversified financial services ecosystem.
“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,” he said.
Agbaje noted that continued investments in technology, particularly the upgrade of core banking systems, are delivering stronger uptime, greater efficiency, and increased capacity to serve the growing customer base.
He added that across banking, pensions, funds management, and payments, the Group is leveraging a de-risked balance sheet to maintain strategic flexibility for growth and reinforce its market position.
GTCO also reported strong financial ratios, including Pre-Tax Return on Equity (ROAE) of 60.4%, Pre-Tax Return on Assets (ROAA) of 10.6%, and a Cost-to-Income ratio of 30.1%, placing it among the best performers in Nigeria’s financial services industry.
