By Ayomide Otitoju
Guaranty Trust Holding Company Plc (GTCO) has announced a profit before tax (PBT) of ₦600.9 billion for the half year ended June 30, 2025, despite the absence of last year’s exceptional one-off fair value gains of ₦493.01 billion.
The audited financial results, filed with the Nigerian Exchange Group (NGX) and the London Stock Exchange (LSE), showed a 40% year-on-year decline in PBT. However, the drop was moderated by a 31.5% rise in interest income and a 33% growth in fee income.
The Group closed the period with total assets of ₦16.7 trillion and shareholders’ funds of ₦3 trillion, supported by a robust capital adequacy ratio of 36.2%. Asset quality also improved, with Stage 3 Loans reducing to 3.2% at Bank level and 4.5% at Group level, compared to 3.5% and 5.2% respectively in December 2024. Cost of Risk fell sharply to 1.7% from 4.9% at year-end.
GTCO’s loan book grew 20.5% to ₦3.36 trillion, while customer deposits rose 16.6% to ₦12.13 trillion. The Board declared an interim dividend of ₦1.00 per share.
Commenting on the performance, Group Chief Executive Officer Segun Agbaje said the results highlight the resilience of the company’s core business and progress in building a diversified financial services ecosystem.
“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,” Agbaje stated.
He added that ongoing investments in technology, particularly upgrades to core banking systems, are improving efficiency, uptime, and customer service delivery.
GTCO also reported strong financial ratios, including a Pre-Tax Return on Equity (ROAE) of 60.4%, Pre-Tax Return on Assets (ROAA) of 10.6%, and a Cost-to-Income ratio of 30.1%, placing it among the leading performers in Nigeria’s financial services sector.
