Guaranty Trust Holding Company Plc (GTCO) has announced a profit before tax (PBT) of N600.9 billion for the half year ended June 30, 2025, underscoring the Group’s ability to sustain strong earnings despite the absence of last year’s one-off gains.
The results, released to the Nigerian Exchange Group (NGX) and the London Stock Exchange (LSE), show that interest income and fee income grew year-on-year by 31.5% and 33.0% respectively, helping the lender deliver a robust performance in a challenging operating environment.
GTCO’s total assets climbed to ₦16.7 trillion, while shareholders’ funds closed at ₦3.0 trillion. The Group maintained a strong Capital Adequacy Ratio (CAR) of 36.2% and improved asset quality, with IFRS 9 Stage 3 loans reducing to 3.2% at bank level and 4.5% at Group level, down from 3.5% and 5.2% respectively in December 2024. Cost of risk also improved significantly to 1.7% from 4.9% at the end of last year.
Net loans rose 20.5% to N3.36 trillion, while customer deposits surged 16.6% to N12.13 trillion, reflecting continued confidence in the franchise. In line with its performance, GTCO’s board declared an interim dividend of N1.00 per share for H1 2025.
Group Chief Executive Officer, Segun Agbaje, said the performance highlights GTCO’s transition toward a more sustainable earnings base.
“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,” Agbaje said.
“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.”
He added that investments in technology, including a major upgrade of the bank’s core systems, are already delivering improved uptime, efficiency, and capacity to serve a growing customer base.
GTCO continues to lead industry performance metrics with 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% — among the best in the Nigerian financial services sector.
With operations across Africa and the UK, GTCO remains one of the continent’s most profitable and innovative financial institutions, with interests spanning banking, payments, funds management, and pension administration.
