GTCO Announces N1.23 Trillion Profit and N12.76k Dividend for 2025
Guaranty Trust Holding Company Plc (GTCO) has released its audited consolidated and separate financial statements for the year ended December 31, 2025, reporting a profit before tax of N1.23 trillion. This figure compares to N1.27 trillion achieved in the corresponding period of 2024, reflecting a slight decrease. The group's results were submitted to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE), showcasing its performance across multiple jurisdictions.
Financial Performance and Key Metrics
In 2025, GTCO's interest income and fee income saw significant year-on-year growth, increasing by 23.2% and 25.9%, respectively. However, profit after tax stood at N865.75 billion, down from N1.02 trillion in 2024. According to the bank, this decline is attributed to recent fiscal policy adjustments, particularly withholding tax on short-term investment securities. When normalized for this effect, underlying earnings remain robust, driven by growth in core operating income.
The group maintains a well-structured, healthy, and diversified balance sheet, with total assets closing at N17.8 trillion and shareholders' funds at N3.4 trillion. Key financial ratios highlight GTCO's strength: the Capital Adequacy Ratio (CAR) remained very robust at 43.8%, asset quality improved with IFRS 9 Stage 3 Loans at 3.4% (bank level) and 5.0% (group level), and Cost of Risk (COR) improved to 2.2% from 4.9% in December 2024.
Growth in Loan Book and Deposits
GTCO's loan book (net) grew by 12.4%, from N2.79 trillion in December 2024 to N3.13 trillion in December 2025. Similarly, deposit liabilities increased by 23.8%, from N10.40 trillion to N12.87 trillion during the same period. This growth underscores the group's expanding operations in banking, payments, pension, and funds management business verticals.
Leadership Commentary and Future Outlook
Segun Agbaje, Group Chief Executive Officer of GTCO, commented on the results, stating, "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." He added that the strong core earnings performance supports the capacity to sustain and grow shareholder returns, with a record dividend payout of N12.76k per share reflecting confidence in the group's long-term potential.
Looking ahead, GTCO remains focused on scaling its ecosystem, driving innovation across its financial services platform, and delivering consistent, high-quality earnings to create superior value for shareholders. The group continues to post some of the best metrics in the Nigerian Financial Services Industry, including a Post-Tax Return on Equity (ROAE) of 28.3%, Post-Tax Return on Assets (ROAA) of 5.3%, and Cost to Income Ratio of 27.9%.
