HabariPay, the fintech arm of Guaranty Trust Holding Company (GTCO), recorded a remarkable 155% increase in profit after tax, reaching N9.7 billion in the 2025 financial year, up from N3.8 billion in 2024.
Newsonspot reports that the strong performance, disclosed in its full-year financial results, was driven by significant growth in operating income, reflecting increased adoption of its digital payment and e-commerce solutions.
HabariPay’s gross revenue surged by 122% to N12.9 billion in 2025, compared to N5.8 billion in the previous year. The growth was supported by expansion across its core income streams, as more users embraced its services.
While operating expenses doubled to N3.2 billion from N1.6 billion in 2024 due to business expansion, the company maintained efficiency, reporting no loan impairment charges or taxation during the period.
Despite the impressive growth, HabariPay contributed 1.1% to GTCO’s total profit after tax, which stood at N865 billion for the year. The group’s gross earnings rose slightly to N2.215 trillion, with interest income climbing to N1.6 trillion, driven by loans, advances, and investment securities.
HabariPay’s success underscores the evolution of GTCO’s digital strategy. Originally launched in 2018 as “Habari,” a super-app offering streaming and e-commerce services, the platform was later restructured into a standalone fintech entity following GTCO’s transition into a holding company in 2021.
Today, HabariPay focuses on payments, marketplace solutions, and support for small businesses, positioning itself as a key player in Nigeria’s growing fintech ecosystem.
Its flagship product, Squad, which combines payment gateway services, e-commerce tools, and point-of-sale solutions, has placed the company in direct competition with major industry players such as Interswitch, Paystack, and Flutterwave.
Overall, HabariPay’s strong financial growth highlights its rising influence in Nigeria’s digital payments space and the broader fintech industry.
