By Ayomide Otitoju
Guaranty Trust Holding Company Plc (GTCO) has released its unaudited consolidated and separate financial statements for the nine months ended September 30, 2025, to the Nigerian Exchange Group (NGX) and the London Stock Exchange (LSE), posting a profit before tax (PBT) of ₦900.8 billion.
The Group attributed the strong performance to growth in its core earnings, with interest income rising by 25.6% year-on-year and fee income up by 16.8%. Despite a 26% year-on-year decline in PBT—largely due to the non-recurrence of ₦523.2 billion in fair value gains recorded in Q3 2024—the solid core earnings helped cushion the impact.
GTCO reported growth across all asset lines, maintaining a well-diversified and highly liquid balance sheet across its banking, payments, pension, and funds management businesses. Total assets closed at ₦16.7 trillion, while shareholders’ funds stood at ₦3.3 trillion as of September 2025.
The Group’s capital adequacy ratio remained robust at 36.5%, reflecting a strong capital base. Asset quality improved, with IFRS 9 Stage 3 loans declining to 3.3% and 4.4% at the Bank and Group levels, respectively—down from 3.5% and 5.2% in December 2024. Cost of risk also improved to 2.2% from 4.9% recorded at the end of 2024.
GTCO’s loan book (net) grew by 16.5% to ₦3.24 trillion, compared to ₦2.79 trillion as of December 2024, while customer deposits rose 16.0% to ₦12.06 trillion from ₦10.40 trillion over the same period.
Commenting on the results, Group Chief Executive Officer, Segun Agbaje, said the performance underscores the consistency and resilience of the company’s business model.
“We are seeing steady, sustainable growth across our banking and non-banking businesses, supported by disciplined execution and a strong focus on operational efficiency,” Agbaje said. “The improvements we have made to our digital and payments infrastructure are enhancing customer experience, deepening engagement, and driving greater integration across our ecosystem.”
He added that GTCO remains focused on innovation and operational excellence to sustain growth momentum.
“With a clear growth trajectory and strong organizational alignment, we are well-positioned to sustain performance momentum and deliver another year of industry-leading results,” he stated.
GTCO continues to lead the Nigerian financial services sector with standout metrics, including a pre-tax return on equity (ROAE) of 39.5%, pre-tax return on assets (ROAA) of 7.6%, a capital adequacy ratio of 36.5%, and a cost-to-income ratio of 28.8%.
Guaranty Trust Holding Company Plc is a leading financial services group with operations across Africa and the United Kingdom, offering a range of banking and non-banking services including payments, funds management, and pension administration. The Group is known for its strong corporate governance, innovation, and commitment to delivering long-term value to stakeholders.
