By Ghazali Ibrahim
Guaranty Trust Holding Company Plc (GTCO) has released its audited financial results for the half year ended June 30, 2025, reporting a profit before tax (PBT) of N600.9 billion, driven by solid growth in core earnings.
According to the statement filed with the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE), interest income and fee income rose year-on-year by 31.5% and 33.0%, respectively.
This helped cushion the effect of the non-recurrence of the N493.01 billion fair value gains recorded in the first half of 2024, narrowing the year-on-year dip in PBT to 40%.
The Group recorded total assets of N16.7 trillion and shareholders’ funds of N3.0 trillion as at June 2025. Asset quality 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% in December 2024. Cost of Risk also improved to 1.7% from 4.9% at year-end 2024.
GTCO’s loan book grew by 20.5% to N3.36 trillion, up from N2.79 trillion in December 2024, while deposit liabilities increased by 16.6% to N12.13 trillion. The Board approved an interim dividend of N1.00 per share for the period.
Commenting on the results, Group Chief Executive Officer, Mr. Segun Agbaje, said the performance underscores the strength of GTCO’s diversified business model.
“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 added that continued investments in technology, particularly upgrades to the core banking system, have improved efficiency, resilience, and capacity to scale with the bank’s growing customer base.
GTCO maintained industry-leading ratios, including a Pre-Tax Return on Equity of 60.4%, Pre-Tax Return on Assets of 10.6%, Capital Adequacy Ratio of 36.2%, and Cost-to-Income Ratio of 30.1%.
The Group operates across Africa and the United Kingdom, providing banking, payments, funds management, and pension services, and reaffirmed its commitment to delivering long-term value for stakeholders.
