Home Business GTCO declares N11.76 interim dividend, posts N865bn profit

GTCO declares N11.76 interim dividend, posts N865bn profit

GTCO former GTBank

Guaranty Trust Holding Company Plc (GTCO) has declared an interim dividend of N11.76 per 50 kobo ordinary share.

The company disclosed this in its 2025 audited financial statements.

It said the interim dividend represents an increase from the N7.03 final dividend paid in 2024.

The company had earlier paid an interim dividend of N1 per share, bringing total dividend for the year to N12.76.

GTCO reported a profit before tax of N1.23 trillion for the 2025 financial year, compared to N1.27 trillion in 2024.

Profit after tax stood at N865.7 billion, down from N1 trillion recorded in the previous year.
Earnings per share also declined to N25.42 from N35.44.

The group reported interest income of N1.6 trillion, up from N1.3 trillion in 2024.

Loans and advances to customers contributed N559.3 billion to the interest income, while investment securities accounted for N489.4 billion and N269.2 billion.

Interest expense rose to N392.5 billion, bringing net interest income to N1.26 trillion.

Impairment charges stood at N66.4 billion, leaving net interest income after impairments at N1.19 trillion.

Fees and commission income increased to N278.5 billion.

After related expenses of N34.1 billion, net fee income was N244.3 billion.

The group also recorded N78.7 billion from trading activities and N139.9 billion in other income.

Operating costs included personnel expenses of N101 billion, depreciation and amortisation of N89.5 billion and other expenses of N284.8 billion.

Total assets rose to N17.7 trillion from N14.7 trillion.

Investment securities stood at N5.5 trillion, while cash and bank balances were N5.4 trillion. Loans and advances increased to N3.1 trillion.

Total liabilities were N14.3 trillion, with customer deposits accounting for N12.5 trillion.

Equity rose to N3.4 trillion, supported by retained earnings of N1.7 trillion.