Admin I Tuesday, Sept 23, 2025
LAGOS, Nigeria – Guaranty Trust Holding Company Plc (GTCO) has announced a pre-tax profit of ₦600.9 billion for the first half of 2025. The result, submitted to the Nigerian Exchange Group (NGX) and the London Stock Exchange (LSE), shows the company’s sustained performance despite a 40% year-on-year dip in Profit Before Tax (PBT).
This decrease is attributed to the absence of the ₦493.01 billion fair value gains recorded in H1 2024.
The company’s strong performance was driven by a significant growth in its core earning lines. Interest income grew by 31.5% and fee income increased by 33.0% year-on-year. This solidifies GTCO’s position in the financial services sector and highlights the resilience of its business model.
GTCO’s balance sheet showed remarkable growth across all asset lines. Total assets closed at ₦16.7 trillion and shareholders’ funds reached ₦3.0 trillion.
The company’s Capital Adequacy Ratio (CAR) remained robust at 36.2%, well above the regulatory requirement.
Asset quality also improved significantly. The IFRS 9 Stage 3 Loans for the Group improved to 4.5% from 5.2% in December 2024.
Similarly, the Cost of Risk (COR) improved to 1.7% from 4.9% over the same period, indicating a reduction in the risk of loan defaults.
The Group’s loan book (net) grew by 20.5% from ₦2.79 trillion in December 2024 to ₦3.36 trillion in June 2025. Concurrently, deposit liabilities increased by 16.6%, from ₦10.40 trillion to ₦12.13 trillion. This growth in both loans and deposits points to increased customer engagement and market share.
The Board has also approved an interim dividend of ₦1.00 per share for H1 2025.
Commenting on the results, the Group Chief Executive Officer of Guaranty Trust Holding Company Plc, Mr. Segun Agbaje, said: “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. 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 added: “Across Banking, Funds Management, Pension, and Payments, we are leveraging a fully de-risked balance sheet to reinforce our market position while maintaining strategic flexibility for growth. This foundation positions us to take advantage of emerging opportunities and deliver lasting value for all stakeholders.”
GTCO continues to post impressive metrics within the Nigerian financial services industry.
Key ratios include:
Pre-Tax Return on Equity (ROAE) of 60.4%
Pre-Tax Return on Assets (ROAA) of 10.6%
Capital Adequacy Ratio (CAR) of 36.2%
Cost to Income Ratio of 30.1%
These metrics confirm the Group’s operational efficiency and strong profitability, reinforcing its position as a market leader.
