GTCO Declares Dividend of ₦12.76k as 2025 Profit Hits ₦865.75 Billion

Guaranty Trust Holding Company Plc (GTCO) has published its audited consolidated and separate financial statements for the year ending December 31, 2025. The reports have been filed with the Nigerian Exchange Group (NGX) and the London Stock Exchange (LSE).

The Group recorded a profit before tax of ₦1.23 trillion, driven by strong growth in core earnings. Interest income and fee income increased year-on-year by 23.2% and 25.9%, respectively. This performance underscores GTCO’s ability to generate sustainable earnings and builds on the momentum from 2024, when the Group posted a record profit of ₦1.27 trillion, boosted partly by ₦517.5 billion in fair value gains—gains that did not recur in 2025.

Profit after tax for 2025 stood at ₦865.75 billion, compared to ₦1.02 trillion in 2024. This decline reflects recent fiscal policy adjustments affecting the taxation of investment securities, notably withholding tax on short-term instruments. However, when normalized for this effect, underlying earnings remain strong, supported by growth in core operational income.

The Group continues to maintain a well-structured, healthy, and diversified balance sheet across all jurisdictions where it operates—including its banking franchise, payments, pension, and funds management segments. Total assets and shareholders’ funds closed at ₦17.8 trillion and ₦3.4 trillion, respectively. The Capital Adequacy Ratio (CAR) remains robust at 43.8%. Asset quality also improved, with IFRS 9 Stage 3 loans closing at 3.4% at the bank level and 5.0% for the Group in FY-2025 (compared to 3.5% and 5.2% respectively in December 2024). The Cost of Risk (COR) improved significantly to 2.2% from 4.9% in December 2024.

Specifically, the Group’s net loan book grew by 12.4%, from ₦2.79 trillion as of December 2024 to ₦3.13 trillion in December 2025. Deposit liabilities also increased by 23.8%, from ₦10.40 trillion to ₦12.87 trillion during the same period.

Commenting on the results, Mr. Segun Agbaje, Group Chief Executive Officer of Guaranty Trust Holding Company Plc, stated:
*”Our 2025 result underscores the resilience and depth of our earnings capacity. Following a record 2024, which included significant fair value gains, our focus has been on strengthening the sustainability of our earnings by driving growth across our core banking and ecosystem businesses. The strength of our underlying earnings, despite a stronger Naira and tighter regulatory parameters, reflects the quality of our franchise and the discipline with which we execute our strategy. Importantly, this strong core earnings performance underpins our capacity to sustain and grow shareholder returns. Our record dividend payout this year is not only a reflection of our current profitability but also of our confidence in the Group’s long-term earnings potential. Looking ahead, we remain focused on scaling our ecosystem, driving innovation across our financial services platform, and delivering consistent, high-quality earnings that support superior value creation for our shareholders.”*

Overall, the Group continues to demonstrate some of the best metrics within Nigeria’s financial services industry, including a post-tax Return on Equity (ROAE) of 28.3%, Return on Assets (ROAA) of 5.3%, a Capital Adequacy Ratio (CAR) of 43.8%, and a Cost-to-Income Ratio of 27.9%.

Guaranty Trust Holding Company Plc is a leading financial services group with operations across Africa and the United Kingdom. Known for its strong corporate governance, innovative financial solutions, and customer-centric approach, the Group offers a broad spectrum of banking and non-banking services, including payments, funds management, and pension fund administration. GTCO Plc remains committed to delivering long-term value to stakeholders while fostering growth and development across its markets.