GTCO Posts ₦900.8bn Profit Before Tax for Q3 2025, Sustains Strong Growth Across Business Lines

GTCO Posts ₦900.8bn Profit Before Tax for Q3 2025, Sustains Strong Growth Across Business Lines

Lagos, Nigeria – October 29, 2025 — Guaranty Trust Holding Company Plc (GTCO or “the Group”) has announced its Unaudited Consolidated and Separate Financial Statements for the period ended September 30, 2025, filed with the Nigerian Exchange Group (NGX) and the London Stock Exchange (LSE).

The financial results reflect another solid performance, with the Group reporting a profit before tax (PBT) of ₦900.8 billion, driven by strong growth in core earnings. Interest income and fee income rose year-on-year by 25.6% and 16.8%, respectively. This robust core performance helped cushion the impact of the non-recurrence of the ₦523.2 billion fair value gains recorded in the third quarter of 2024, resulting in a moderated 26% year-on-year dip in PBT.

GTCO also recorded significant growth across all asset lines, maintaining a well-structured, highly liquid, and diversified balance sheet across its banking operations and other financial services verticals, including payments, pensions, and funds management.

As of September 30, 2025, the Group’s total assets stood at ₦16.7 trillion, while shareholders’ funds closed at ₦3.3 trillion. Its Capital Adequacy Ratio (CAR) remained robust at 36.5%, reflecting strong capital strength. Asset quality also improved, with IFRS 9 Stage 3 loans declining to 3.3% at the Bank level and 4.4% at the Group level, compared to 3.5% and 5.2% in December 2024. Similarly, the Cost of Risk (COR) improved to 2.2% from 4.9% in December 2024.

The Group’s loan book (net) grew by 16.5%, rising from ₦2.79 trillion in December 2024 to ₦3.24 trillion in September 2025. Deposit liabilities also increased by 16.0%, from ₦10.40 trillion to ₦12.06 trillion over the same period.

Commenting on the results, the Group Chief Executive Officer, Mr. Segun Agbaje, said the third-quarter performance underscored the resilience and consistency of GTCO’s business model.

“Our third quarter performance underscores the consistency and resilience of our business model, as well as the continued strength of our diversified financial services ecosystem. We are seeing steady, sustainable growth across our banking and non-banking businesses, supported by disciplined execution and a strong focus on operational efficiency,” he stated.

Mr. Agbaje added that the Group’s ongoing digital and payments infrastructure enhancements continue to improve customer experience, deepen engagement, and drive integration across its ecosystem.

“Looking ahead, our focus remains on advancing our competitive edge through innovation, operational excellence, and a commitment to superior customer outcomes. With a clear growth trajectory and strong organizational alignment, we are well-positioned to sustain performance momentum and deliver another year of industry-leading results,” he said.

GTCO continues to maintain one of the strongest performance metrics in Nigeria’s financial services industry, with a Pre-Tax Return on Equity (ROAE) of 39.5%, Pre-Tax Return on Assets (ROAA) of 7.6%, CAR of 36.5%, and a Cost-to-Income Ratio of 28.8%.

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