Guaranty Trust Holding Company Plc (GTCO) has announced its audited results for the first half of 2025, showing a profit before tax of ₦600.9 billion. The report was released to the Nigerian Exchange Group (NGX) and the London Stock Exchange (LSE) on Tuesday.
The company said the performance was driven by strong growth in interest income and fee income, which rose by 31.5 percent and 33 percent year-on-year. These gains, it added, helped offset the absence of ₦493.01 billion in fair value gains recorded in the same period last year. As a result, profit before tax fell by 40 percent compared to the first half of 2024.
GTCO also recorded growth in key financial indicators. Total assets rose to ₦16.7 trillion, while shareholders’ funds increased to ₦3 trillion. The Group’s loan book grew by 20.5 percent, moving from ₦2.79 trillion in December 2024 to ₦3.36 trillion in June 2025. Deposit liabilities rose by 16.6 percent, from ₦10.40 trillion to ₦12.13 trillion during the same period.
The group reported improvements in financial stability. The Capital Adequacy Ratio stood at 36.2 percent, while non-performing loans dropped to 3.2 percent at the bank level and 4.5 percent for the group, down from 3.5 and 5.2 percent, respectively, in December 2024. The Cost of Risk also fell to 1.7 percent, compared to 4.9 percent at the end of 2024.
The board has approved an interim dividend of ₦1.00 per share for the reporting period.
Group CEO Segun Agbaje said the results show the strength of GTCO’s core business and its progress in building a diversified financial services group.
“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 said.
Mr Agbaje explained that technology remains a key focus area, with ongoing investments to upgrade core banking systems and improve efficiency and customer experience.
GTCO also reported some of the strongest performance ratios in the Nigerian banking sector. Pre-Tax Return on Equity stood at 60.4 percent, while Pre-Tax Return on Assets was 10.6 percent. The Group’s Cost-to-Income Ratio closed at 30.1 percent.
