GTCO Reports Strong H1 2025 Results, Declares ₦1.00 Interim Dividend
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Guaranty Trust Holding Company Plc (GTCO) has published its audited financial results for the half-year ended June 30, 2025, showing resilient performance across its core businesses despite the absence of last year’s extraordinary one-off gains.
The Group posted a profit before tax (PBT) of ₦600.9 billion, supported by a solid increase in interest income (up 31.5%) and fee income (up 33.0%) year-on-year. While this represents a 40% dip compared to H1 2024 (when ₦493 billion in fair value gains were recorded), the results highlight the Group’s ability to sustain growth from recurring earnings.
GTCO also strengthened its balance sheet, with total assets rising to ₦16.7 trillion and shareholders’ funds hitting ₦3.0 trillion. Its Capital Adequacy Ratio remained robust at 36.2%, while asset quality improved significantly, as Stage 3 loans dropped to 3.2% at the Bank level and 4.5% at Group level. The Group’s Cost of Risk also improved to 1.7%, compared to 4.9% at year-end 2024.
Other highlights include:
- Loan book growth: ₦3.36 trillion, up 20.5% from December 2024.
- Deposit liabilities: ₦12.13 trillion, up 16.6% within the same period.
- Cost-to-income ratio: 30.1%, reflecting continued efficiency.
- Pre-tax ROAE and ROAA: 60.4% and 10.6% respectively—among the best in Nigeria’s financial sector.
The Board has approved an interim dividend of ₦1.00 per share for shareholders.
Commenting on the performance, Segun Agbaje, Group CEO of GTCO, said:
“This half-year result underscores the resilience of our business and the progress we’re making in building a truly diversified financial services ecosystem. Unlike the exceptional one-off gains of last year, our current growth is driven by recurring earnings, showing the scalability and sustainability of our model. A key driver of this momentum is our investment in technology, particularly the recent upgrade of our core banking systems, which is already boosting efficiency, system uptime, and scalability as our customer base expands.”
He added that across banking, funds management, pensions, and payments, GTCO is leveraging its strong balance sheet and strategic flexibility to reinforce its market leadership while positioning for new opportunities.
GTCO remains one of Africa’s leading financial services groups, with operations across multiple countries and the United Kingdom. The Group is renowned for its strong governance, innovation, and customer-first approach, consistently delivering value to stakeholders while driving growth across its markets.
