Guaranty Trust Holding Company Plc, GTCO has announced its audited financial results for the half-year ended June 30, 2025, recording a profit before tax, PBT of ₦600.9 billion.
The results were filed with both the Nigerian Exchange Group (NGX) and the London Stock Exchange (LSE).
The performance was underpinned by a strong showing in core earning lines, with interest income and fee income growing year-on-year by 31.5% and 33.0%, respectively. This solid growth helped cushion the impact of the ₦493.01 billion fair value gains recognised in H1 2024, which did not recur in H1 2025, resulting in a 40% year-on-year dip in PBT.
GTCO also reported growth across its balance sheet, with total assets rising to ₦16.7 trillion and shareholders’ funds closing at ₦3.0 trillion. The Group maintained a robust capital adequacy ratio of 36.2%, while asset quality improved significantly as IFRS 9 Stage 3 loans dropped to 3.2% at bank level and 4.5% at group level, compared with 3.5% and 5.2%, respectively, in December 2024. Cost of risk also improved to 1.7% from 4.9% in December 2024.
The Group’s loan book grew by 20.5%, from ₦2.79 trillion in December 2024 to ₦3.36 trillion in June 2025, while deposit liabilities rose 16.6% to ₦12.13 trillion over the same period. In line with its performance, the Board of Directors approved an interim dividend of ₦1.00 per share for the half year.
Commenting on the results, Segun Agbaje, Group Chief Executive Officer of GTCO Plc, said the performance reflects the strength of the Group’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. A key driver of this momentum is our continued investment in technology, particularly the comprehensive upgrade of our core banking systems, which is already delivering stronger uptime, greater efficiency, and increased capacity to scale as our customer base grows,” he said.
Agbaje added that across banking, funds management, pensions, and payments, the Group is leveraging its de-risked balance sheet to strengthen its market position while maintaining flexibility for future growth.
Overall, GTCO continues to deliver industry-leading financial metrics, posting a pre-tax return on equity (ROAE) of 60.4%, pre-tax return on assets (ROAA) of 10.6%, capital adequacy ratio of 36.2%, and cost-to-income ratio of 30.1%.
Guaranty Trust Holding Company Plc is a leading financial services group with operations across Africa and the United Kingdom. Its offerings span banking, payments, funds management, and pension fund administration.