Guaranty Trust Holding Company Plc has released its audited consolidated and separate financial statements for the year ended December 31, 2025, to both the Nigerian Exchange Group and the London Stock Exchange, reaffirming its strong position in the financial services industry.
The Group reported a profit before tax of ₦1.23 trillion, driven by solid growth in core earnings. Interest income rose year-on-year by 23.2%, while fee income increased by 25.9%, highlighting the strength of its core banking operations. This performance builds on the momentum from 2024, when the Group recorded a profit of ₦1.27 trillion, partly supported by significant fair value gains that did not recur in 2025.
Profit after tax for 2025 stood at ₦865.75 billion, compared to ₦1.02 trillion in 2024. The decline reflects the impact of recent fiscal policy changes, particularly the introduction of withholding tax on short-term investment instruments. However, the Group noted that when adjusted for these factors, its underlying earnings remain strong, supported by growth in core operating income.
The Group maintained a well-diversified and healthy balance sheet across all its operating regions and business segments, including banking, payments, pensions, and funds management. Total assets closed at ₦17.8 trillion, while shareholders’ funds stood at ₦3.4 trillion. Its Capital Adequacy Ratio remained strong at 43.8%, reinforcing its financial stability.
Asset quality also improved, with IFRS 9 Stage 3 loans declining to 3.4% at the Bank level and 5.0% at the Group level in 2025, compared to 3.5% and 5.2% respectively in 2024. The cost of risk dropped significantly to 2.2% from 4.9%, reflecting better risk management. The Group’s loan book grew by 12.4% to ₦3.13 trillion, while deposit liabilities increased by 23.8% to ₦12.87 trillion within the same period.
Commenting on the results, the Group Chief Executive Officer, Segun Agbaje, stated that the 2025 performance demonstrates the resilience and depth of the Group’s earnings capacity. He noted that despite a stronger naira and tighter regulatory conditions, the Group was able to sustain strong core earnings through disciplined execution and strategic growth across its ecosystem.
He further emphasized that the Group’s record dividend payout of ₦12.76 per share reflects both its current profitability and confidence in its long-term earnings potential. According to him, the company remains focused on scaling its ecosystem, driving innovation, and delivering consistent, high-quality returns to shareholders.
Overall, the Group continues to deliver strong financial metrics, including a post-tax return on equity of 28.3%, return on assets of 5.3%, a capital adequacy ratio of 43.8%, and a cost-to-income ratio of 27.9%, positioning it as one of the top performers in Nigeria’s financial services sector.
With operations spanning Africa and the United Kingdom, GTCO Plc remains committed to strong corporate governance, innovative financial solutions, and long-term value creation for stakeholders while driving growth across its markets.
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