GTCO financial results H1 2025 show ₦600.9bn profit, driven by strong growth in interest and fee income, with improved asset quality and capital ratios

Revealing a robust ₦600.9 billion profit before tax, the H1 2025 performance highlights GTCO’s ability to sustain strong earnings despite shifting market conditions.

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Guaranty Trust Holding Company Plc (GTCO) announced its audited consolidated and standalone financial statements for the six months ended 30 June 2025, showcasing strong performance across its banking and non-banking segments.

The Group’s impressive half-year results were primarily fuelled by a 31.5% year-on-year (YoY) rise in interest income and a 33.0% growth in fee income.

Despite the absence of last year’s extraordinary ₦493.01 billion fair value gains, core earnings surged, backed by operational strength and strategic investment.

GTCO reported total assets of ₦16.7 trillion as of June 2025—up 13.7% from December 2024—while shareholders’ funds increased by 7.3% YoY to ₦3.0 trillion.

Its capital adequacy ratio (CAR) remains exceptionally strong at 36.2%, well above regulatory requirements.

The Group’s net loan book expanded by 20.5% YoY to ₦3.36 trillion, and deposit liabilities climbed 16.6% to ₦12.13 trillion, reinforcing its balance sheet and funding base.

Asset quality improved significantly, with IFRS 9 Stage 3 loans dropping to 3.2% at the bank level and 4.5% at the Group level—down from 3.5% and 5.2% in December 2024.

The cost of risk also declined sharply to 1.7%, from 4.9%.

An interim dividend of ₦1.00 per share was declared for H1 2025, reflecting confidence in the Group’s performance and outlook.

Commenting on the results, GTCO CEO Segun Agbaje said: “Our half-year results highlight the resilience of our diversified financial ecosystem. Beyond last year’s extraordinary gains, we are focusing on sustainable, recurring revenue streams, underpinned by investments in technology and risk management. Our balanced approach across banking, funds management, pension, and payments positions us to capitalise on emerging opportunities and deliver long-term stakeholder value.”

GTCO continues to invest heavily in digital infrastructure, including major upgrades to its core banking system to boost scalability and service efficiency.

The Group also maintains industry-leading metrics, including a pre-tax return on equity (ROAE) of 60.4%, return on assets (ROAA) of 10.6%, and a cost-to-income ratio of 30.1%—underscoring its efficient operations and high profitability.

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As the Nigerian financial sector adapts to an evolving macroeconomic landscape, GTCO financial results H1 2025 position the Group as one of the most resilient and forward-looking financial institutions in Africa.