GTCO posted ₦600.9bn profit as their assets hit ₦16.7trn in H1 2025.
NewsOnline Nigeria reports that Guaranty Trust Holding Company Plc (GTCO) has announced its Audited Consolidated and Separate Financial Statements for the half year ended June 30, 2025, reporting a profit before tax of ₦600.9 billion, driven by strong growth in core earnings.
Interest income and fee income surged by 31.5% and 33.0% year-on-year, respectively, offsetting the absence of the extraordinary ₦493.01 billion fair value gains recorded in H1 2024. This helped narrow the year-on-year dip in pre-tax profit to 40%.
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The Group’s total assets rose to ₦16.7 trillion, while shareholders’ funds closed at ₦3.0 trillion, underscoring GTCO’s robust financial strength. Loan book (net) expanded by 20.5% to ₦3.36 trillion, and deposit liabilities grew by 16.6% to ₦12.13 trillion within the six-month period.
Capital Adequacy Ratio (CAR) stood strong at 36.2%, while asset quality improved with Stage 3 Loans reducing to 3.2% at Bank level and 4.5% at Group level. Cost of Risk also declined sharply to 1.7%, compared to 4.9% in December 2024.
The Board has approved an interim dividend of ₦1.00 per share for H1 2025, maintaining shareholder returns.
Group CEO, Segun Agbaje, said the performance highlights “sustainable growth from recurring earnings” and reflects GTCO’s investment in technology upgrades that are already improving efficiency and scalability.
With a Pre-Tax ROAE of 60.4%, Pre-Tax ROAA of 10.6%, and a Cost-to-Income ratio of 30.1%, GTCO continues to post one of the strongest metrics in Nigeria’s financial services industry.
