Guaranty Trust Holding Company Plc (GTCO) has reported a profit before tax (PBT) of ₦600.9 billion for the half-year ended June 2025, despite the absence of the one-off fair value gains of ₦493.01 billion recorded in 2024.
Newsonspot reports that according to the Group’s audited financial statements filed with the Nigerian Exchange Group (NGX) and the London Stock Exchange (LSE), interest income and fee income rose year-on-year by 31.5% and 33.0% respectively. This growth helped cushion the impact of last year’s non-recurring gains, narrowing the year-on-year decline in PBT to 40%.
GTCO’s balance sheet remained strong, with total assets rising to ₦16.7 trillion and shareholders’ funds standing at ₦3.0 trillion. The Group maintained a robust capital adequacy ratio of 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, compared to 3.5% and 5.2% in December 2024. Cost of Risk also dropped sharply to 1.7% from 4.9% at year-end 2024.
The Group’s loan book (net) expanded by 20.5% to ₦3.36 trillion as of June 2025, from ₦2.79 trillion in December 2024, while deposit liabilities rose 16.6% to ₦12.13 trillion over the same period. The Board approved an interim dividend of ₦1.00 per share.
Group Chief Executive Officer, Segun Agbaje, said the results reflect the resilience of GTCO’s core business and its progress in building a 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 explained that ongoing investments in technology, particularly upgrades to core banking systems, are improving service delivery, efficiency, and capacity to meet the needs of the Group’s expanding customer base.
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Agbaje added that across banking, pensions, funds management, and payments, GTCO is leveraging a de-risked balance sheet to sustain growth and strengthen its market leadership.
The Group also posted impressive 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%, reinforcing its position among Nigeria’s top-performing financial institutions.
Guaranty Trust Holding Company Plc is a leading financial services group with operations across Africa and the United Kingdom, offering banking, payments, funds management, and pension administration services.
