Guaranty Trust Holding Company Plc (“GTCO” or “the Group”) has released its Audited Consolidated and Separate Financial Statements for the half year ended June 30, 2025, to the Nigerian Exchange Group (NGX) and the London Stock Exchange (LSE).
The Group posted a Profit Before Tax (PBT) of ₦600.9 billion, driven by strong growth in core earning lines. Interest income rose 31.5% year-on-year, while fee income increased by 33.0%, underscoring the Group’s resilient operating performance despite the non-recurrence of ₦493.01bn fair value gains recorded in H1 2024.
GTCO recorded significant growth across its asset lines, maintaining a diversified and de-risked balance sheet across Banking, Payments, Pension, and Funds Management verticals. Total assets closed at ₦16.7 trillion, while shareholders’ funds stood at ₦3.0 trillion.
Loan book (net): ₦3.36 trillion, up 20.5% from December 2024
Deposits: ₦12.13 trillion, up 16.6% year-to-date
Capital Adequacy Ratio: 36.2% (robust and well above regulatory requirements)
Asset quality: Improved, with Stage 3 loans down to 3.2% (Bank level) and 4.5% (Group level)
Cost of Risk (COR): Improved to 1.7% from 4.9% in December 2024
In line with its strong performance, the Board approved an interim dividend of ₦1.00 per share for H1 2025.
Commenting on the results, Mr. Segun Agbaje, Group Chief Executive Officer, said:
“Our half-year performance reflects the strength of our core business and the progress we are making in building a truly diversified financial services ecosystem. We are now driving sustainable growth with recurring earnings that highlight the resilience and scalability of our model. A key driver of this momentum is our continued investment in technology, which is already enhancing efficiency, uptime, and capacity to serve our growing customer base.”
Mr. Agbaje further noted that GTCO remains strategically positioned to leverage opportunities across Banking, Funds Management, Pension, and Payments, while delivering lasting value to stakeholders.
The Group continues to deliver some of the best metrics in Nigeria’s financial services industry, posting:
Pre-Tax ROAE: 60.4%
Pre-Tax ROAA: 10.6%
Capital Adequacy Ratio: 36.2%
Cost-to-Income Ratio: 30.1%