GTCO reports N1.23trn pre-tax profit, shareholders get N12.76 dividend

Guaranty Trust Holding Company Plc (GTCO) has released its Audited Consolidated and Separate Financial Statements for the year ended December 31, 2025.

The Group’s results released to the Nigerian Exchange Limited (NGX) and London Stock Exchange (LSE) showed it reported profit before tax (PBT) of N1.23trillion underpinned by strong growth in core earnings, with interest income and fee income increasing year-on-year (y-o-y) by 23.2 percent and 25.9 percent, respectively.

The performance reaffirms its capacity to generate sustainable earnings and builds on the momentum from 2024, when GTCO delivered a record profit of N1.27trillion, driven in part by N517.5billion in fair value gains, which did not recur in 2025.

The Group’s 2025 profit after tax came in at N865.75billion against N1.02trillion recorded in 2024. The profit after tax reflects the impact of recent fiscal policy adjustments to the taxation of investment securities, notably withholding tax on short-term instruments. However, when normalised for this effect, underlying earnings remain robust, driven by growth in core operating income.

The Group continues to maintain a well-structured, healthy, and diversified balance sheet in all the jurisdictions wherein it operates a Banking franchise, as well as across its Payments, Pension and Funds Management business verticals.

Total assets and shareholders’ funds closed at N17.8trillion and N3.4trillion, respectively. Capital Adequacy Ratio (CAR) remained very robust and strong, closing at 43.8 percent, likewise asset quality improved as evidenced by IFRS 9 Stage 3 Loans which closed at 3.4 percent and 5 percent at Bank and Group level in FY-2025 (Bank, 3.5 percent, and Group, 5.2 percent in December 2024).

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Cost of Risk (COR) also improved to 2.2 percent from 4.9 percent in December 2024. In specific terms, the Group’s loan book (net) grew by 12.4 percent from N2.79trillion as of December 2024 to N3.13trillion in December 2025.

Similarly, deposit liabilities grew by 23.8 percent from N10.40trillion to N12.87trillion during the same period.

Overall, the Group continues to post one of the best metrics in the Nigerian Financial Services Industry in terms of key financial ratios that is: Post-Tax Return on Equity (ROAE) of 28.3 percent, Post-Tax Return on Assets (ROAA) of 5.3 percent, Capital Adequacy Ratio (CAR) of 43.8 percent and Cost to Income Ratio of 27.9 percent.

Commenting on the results, Segun Agbaje, Group Chief Executive Officer of Guaranty Trust Holding Company Plc said: “Our 2025 result underscores the resilience and depth of our earnings capacity. Following a record 2024, which included significant fair value gains, our focus has been on strengthening the sustainability of our earnings by driving growth across our core banking and ecosystem businesses.”

He said “The strength of our underlying earnings, despite a stronger Naira and tighter regulatory parameters, reflects the quality of our franchise and the discipline with which we execute our strategy. Importantly, this strong core earnings performance underpins our capacity to sustain and grow shareholder returns. Our record dividend payout this year is not only a reflection of our current profitability but also of our confidence in the Group’s long-term earnings potential. Looking ahead, we remain focused on scaling our ecosystem, driving innovation across our financial services platform, and delivering consistent, high-quality earnings that support superior value creation for our shareholders.”