Guaranty Trust Holding Company Plc (GTCO Plc) has released its audited financial results for the half year ended June 30, 2025, reporting a profit before tax of ₦600.9 billion, driven by strong growth in interest income and fee income.
The Group’s core earning lines rose by 31.5% and 33.0% year-on-year, respectively. This performance helped to cushion the impact of the non-recurrence of the ₦493.01bn fair value gains recorded in H1 2024, which led to a 40% year-on-year dip in profit before tax.
GTCO recorded growth across all asset lines, closing the period with total assets of ₦16.7 trillion and shareholders’ funds of ₦3 trillion. The Group’s Capital Adequacy Ratio (CAR) remained strong at 36.2%, while asset quality improved, with Stage 3 loans closing at 3.2% at Bank level and 4.5% at Group level, compared to 3.5% and 5.2% in December 2024.
The loan book grew by 20.5% from ₦2.79 trillion in December 2024 to ₦3.36 trillion in June 2025, while deposit liabilities rose by 16.6% to ₦12.13 trillion. The Board approved an interim dividend of ₦1.00 per share for the first half of 2025.
Commenting on the results, Segun Agbaje, Group Chief Executive Officer, GTCO Plc, said the performance highlights the resilience of the Group’s model: “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. A key driver of this momentum is our continued investment in technology, particularly the comprehensive upgrade of our core banking systems, which is already delivering stronger uptime, greater efficiency, and increased capacity to scale as our customer base grows.”
Agbaje added that GTCO’s diversified structure across Banking, Funds Management, Pension, and Payments positions the Group to capitalize on new opportunities and deliver lasting value for stakeholders.
For H1 2025, GTCO maintained strong industry metrics, including Pre-Tax Return on Equity (ROAE) of 60.4%, Pre-Tax Return on Assets (ROAA) of 10.6%, CAR of 36.2%, and Cost-to-Income Ratio of 30.1%.
GTCO Plc is a leading financial services group with operations in Africa and the United Kingdom, offering a wide range of banking and non-banking services. The Group is renowned for strong governance, innovation, and a commitment to long-term value creation.