Guaranty Trust Holding Company Plc (GTCO) has reported a profit before tax of ₦600.9 billion for the half year ended June 30, 2025, driven by strong growth in interest and fee income.
The audited financial statements, released to the Nigerian Exchange Group (NGX) and the London Stock Exchange (LSE), showed that interest income and fee income rose by 31.5% and 33% year-on-year, respectively. The improved performance helped cushion the effect of the one-off ₦493.01 billion fair value gains recorded in the first half of 2024, which did not recur in the current period, resulting in a 40% year-on-year dip in profit before tax.
GTCO also posted growth across its asset base, with total assets closing at ₦16.7 trillion and shareholders’ funds at ₦3.0 trillion. The Group maintained a strong balance sheet with a capital adequacy ratio of 36.2%. Asset quality improved, with IFRS 9 Stage 3 loans closing at 3.2% at the Bank level and 4.5% at the Group level, compared with 3.5% and 5.2% in December 2024. Cost of risk also declined to 1.7% from 4.9% in December 2024.
The Group’s loan book grew by 20.5%, rising from ₦2.79 trillion in December 2024 to ₦3.36 trillion in June 2025, while customer deposits expanded by 16.6% from ₦10.40 trillion to ₦12.13 trillion during the same period. The Board approved an interim dividend of ₦1.00 per share for the half year.
Commenting on the results, Group Chief Executive Officer, Segun Agbaje, said the numbers reflect the strength of GTCO’s core business and its ongoing efforts to build 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,” Agbaje stated.
He added that the Group is leveraging its de-risked balance sheet across banking, funds management, pensions, and payments to strengthen its market position and pursue new opportunities.
GTCO continues to deliver some of the best industry metrics, with a pre-tax return on equity of 60.4%, pre-tax return on assets of 10.6%, cost-to-income ratio of 30.1%, and capital adequacy ratio of 36.2%.
With operations across Africa and the United Kingdom, GTCO is recognized for its corporate governance, innovative solutions, and diversified portfolio spanning banking, payments, pension, and funds management.
