Guaranty Trust Holding Company (GTCO) Plc., has released its audited consolidated and separate financial statements for the year ended December 31, 2025, to the Nigerian Exchange Group and London Stock Exchange.
Newsonspot gathered that in a statement issued on Tuesday, the Group declared a dividend of ₦12.76 per share and reported a profit after tax of ₦865.75 billion, derived from a profit before tax of ₦1.23 trillion.
The company attributed its performance to strong growth in core earnings, with interest income and fee income rising year-on-year by 23.2% and 25.9%, respectively. It noted that this performance reinforces its ability to generate sustainable earnings, building on the momentum from 2024 when it posted a record profit of ₦1.27 trillion, partly driven by ₦517.5 billion in fair value gains that did not recur in 2025.
GTCO explained that profit after tax declined from ₦1.02 trillion in 2024 to ₦865.75 billion in 2025 due to recent fiscal policy changes affecting the taxation of investment securities, particularly withholding tax on short-term instruments. However, it emphasized that underlying earnings remain strong when adjusted for these effects, supported by growth in core operating income.
The Group maintained a well-structured and diversified balance sheet across its banking, payments, pension, and funds management businesses. Total assets and shareholders’ funds stood at ₦17.8 trillion and ₦3.4 trillion, respectively.
Its Capital Adequacy Ratio (CAR) remained robust at 43.8%, while asset quality improved, with IFRS 9 Stage 3 loans declining to 3.4% at the bank level and 5.0% at the group level in FY 2025, compared to 3.5% and 5.2% in December 2024. Cost of Risk also improved significantly to 2.2% from 4.9% in the prior year.
The Group’s net loan book grew by 12.4% to ₦3.13 trillion in December 2025 from ₦2.79 trillion in December 2024, while deposit liabilities increased by 23.8% to ₦12.87 trillion from ₦10.40 trillion over the same period.
Commenting on the results, Group CEO, Segun Agbaje said the 2025 performance highlights the resilience and depth of the Group’s earnings capacity. He noted that despite a stronger naira and tighter regulatory conditions, the company remains focused on strengthening sustainable earnings through growth across its core banking and ecosystem businesses.
Overall, GTCO continues to rank among the top performers in Nigeria’s financial services industry, with key metrics including a return on equity (ROAE) of 28.3%, return on assets (ROAA) of 5.3%, a capital adequacy ratio of 43.8%, and a cost-to-income ratio of 27.9%.
