GTCO Reports ₦1.23 Trillion Profit Before Tax in 2025 Financial Results

GTCO has reported ₦1.23 trillion Profit Before Tax in 2025 Financial Results.

NewsOnline Nigeria reports that Guaranty Trust Holding Company Plc (GTCO) has released its audited consolidated and separate financial statements for the year ended December 31, 2025, reporting strong earnings growth despite fiscal policy adjustments affecting investment securities.

The financial services group disclosed the results to the Nigerian Exchange Group (NGX) and the London Stock Exchange (LSE).

According to the report, the Group recorded profit before tax of ₦1.23 trillion, driven largely by growth in core earnings. Interest income rose by 23.2 percent year-on-year, while fee income increased by 25.9 percent, reflecting sustained expansion across its banking and financial services operations.

GTCO noted that the performance builds on the momentum recorded in 2024, when the Group posted a record ₦1.27 trillion profit before tax, supported partly by ₦517.5 billion in fair value gains that did not recur in 2025.

ALSO: Google Gemini, Broda Shaggi Lead Initiative to Bring Nigerian Folktales to Life for Children

For the 2025 financial year, the Group reported profit after tax of ₦865.75 billion, compared with ₦1.02 trillion in 2024. The decline reflects recent fiscal policy changes affecting the taxation of investment securities, particularly the introduction of withholding tax on short-term instruments. However, the Group said underlying earnings remain strong when adjusted for these policy changes.

GTCO maintained a solid balance sheet across its operations, which span banking, payments, pensions, and funds management services. Total assets stood at ₦17.8 trillion, while shareholders’ funds reached ₦3.4 trillion.

The Group’s Capital Adequacy Ratio (CAR) remained robust at 43.8 percent, while asset quality improved, with IFRS 9 Stage 3 loans closing at 3.4 percent at bank level and 5.0 percent at group level in 2025.

Cost of Risk also improved significantly to 2.2 percent, compared with 4.9 percent in December 2024. Meanwhile, the Group’s net loan book grew by 12.4 percent, rising from ₦2.79 trillion in December 2024 to ₦3.13 trillion in December 2025. Deposit liabilities also increased by 23.8 percent, growing from ₦10.40 trillion to ₦12.87 trillion within the same period.

Commenting on the results, the Group Chief Executive Officer of GTCO, Segun Agbaje, said the 2025 performance highlights the resilience and sustainability of the company’s earnings capacity.

He noted that following the record-breaking 2024 results, the Group focused on strengthening sustainable earnings growth through expansion in its core banking operations and broader financial ecosystem.

Agbaje added that the strong performance has enabled the Group to maintain robust shareholder returns, including a record dividend payout, while positioning the company for long-term growth.

GTCO continues to rank among the best-performing financial institutions in Nigeria based on key financial metrics, including Return on Equity of 28.3 percent, Return on Assets of 5.3 percent, Capital Adequacy Ratio of 43.8 percent, and a Cost-to-Income Ratio of 27.9 percent.

The financial services group operates across several African markets and the United Kingdom, offering banking and non-banking services such as payments, pension administration, and funds management, while maintaining a reputation for strong corporate governance and innovation in financial services.