Guaranty Trust Holding Company Plc (GTCO) reported a ₦600.9bn profit before tax in H1 2025, backed by strong interest and fee income growth, with an interim dividend of ₦1 per share
GTCO Plc Posts ₦600.9bn Profit Before Tax in H1 2025, Declares ₦1 Dividend
Guaranty Trust Holding Company Plc (GTCO Plc) has announced a profit before tax of ₦600.9 billion for the half-year ended June 30, 2025, despite the non-recurrence of last year’s exceptional one-off gains.
The Group released its audited consolidated and separate financial statements to the Nigerian Exchange Group (NGX) and the London Stock Exchange (LSE), showcasing strong resilience in its core earnings.
According to the report, interest income grew year-on-year by 31.5%, while fee income rose by 33.0%, underscoring GTCO’s diversified earnings base. Although profit before tax dipped 40% year-on-year due to the absence of the ₦493.01bn fair value gains booked in H1 2024, the bank said the fundamentals of its business remain strong.
The Group’s balance sheet also showed significant expansion. Total assets closed at ₦16.7 trillion, while shareholders’ funds stood at ₦3.0 trillion. Loan book (net) rose 20.5% to ₦3.36 trillion from ₦2.79 trillion in December 2024, while deposit liabilities climbed 16.6% from ₦10.40 trillion to ₦12.13 trillion.
GTCO’s Capital Adequacy Ratio (CAR) remained very strong at 36.2%, while asset quality improved as IFRS 9 Stage 3 Loans declined to 3.2% at Bank level and 4.5% at Group level (from 3.5% and 5.2% respectively in December 2024). Cost of Risk (COR) improved sharply to 1.7% from 4.9%.
The Board of Directors approved an interim dividend of ₦1.00 per share for H1 2025.
Commenting on the result, Group Chief Executive Officer, Mr. Segun Agbaje, said the earnings demonstrate GTCO’s ability to deliver sustainable growth across its businesses.
“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,” Agbaje stated.
He highlighted that a comprehensive upgrade of the Group’s core banking systems is already yielding results.
“A key driver of this momentum is our continued investment in technology, which is delivering stronger uptime, greater efficiency, and increased capacity to scale as our customer base grows.”
The CEO further assured stakeholders of the Group’s commitment to long-term value creation.
“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,” he added.
GTCO continues to rank among the top performers in Nigeria’s financial services industry with:
- Pre-Tax Return on Equity (ROAE): 60.4%
- Pre-Tax Return on Assets (ROAA): 10.6%
- Capital Adequacy Ratio (CAR): 36.2%
- Cost to Income Ratio: 30.1%
Guaranty Trust Holding Company Plc is a leading financial services group with operations across Africa and the United Kingdom. The Group is renowned for its strong corporate governance, innovative solutions, and customer-centric approach. GTCO’s business spans banking, payments, funds management, and pension administration, with a commitment to delivering long-term value to stakeholders while driving sustainable growth across its markets. Read More
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