GTCO Plc Posts ₦1.23trn PBT in 2025, Declares Record ₦12.76 Dividend

GTCO Plc Posts ₦1.23trn PBT in 2025, Declares Record ₦12.76 Dividend

Guaranty Trust Holding Company Plc has released its audited financial results for the year ended December 31, 2025, reporting a profit before tax (PBT) of ₦1.23 trillion and declaring a record dividend of ₦12.76 per share, underscoring its sustained capacity for value creation.

The Group’s financial statements were filed with both the Nigerian Exchange Group and the London Stock Exchange, reflecting its dual market presence.

Despite a decline in profit after tax (PAT) to ₦865.75 billion from ₦1.02 trillion in 2024, GTCO maintained strong underlying performance. The dip was attributed to recent fiscal policy changes affecting taxation on investment securities, particularly withholding tax on short-term instruments. However, the Group noted that its core earnings remained resilient when adjusted for these impacts.

The 2025 performance was driven by robust growth in core income lines, with interest income rising by 23.2 per cent and fee income increasing by 25.9 per cent year-on-year. This builds on the Group’s 2024 performance, which saw a record ₦1.27 trillion PBT, boosted by ₦517.5 billion in fair value gains that did not recur in the current year.

GTCO’s balance sheet remained strong and diversified across its banking, payments, pension, and funds management businesses. Total assets stood at ₦17.8 trillion, while shareholders’ funds closed at ₦3.4 trillion.

Key prudential ratios also reflected improved asset quality and capital strength. The Group’s Capital Adequacy Ratio (CAR) remained robust at 43.8 per cent, while IFRS 9 Stage 3 loans improved to 3.4 per cent at the bank level and 5.0 per cent at the Group level, compared to 3.5 per cent and 5.2 per cent respectively in 2024. Cost of Risk declined significantly to 2.2 per cent from 4.9 per cent.

In addition, the Group recorded growth across its core balance sheet metrics. Net loan book expanded by 12.4 per cent from ₦2.79 trillion in December 2024 to ₦3.13 trillion in December 2025, while deposit liabilities rose by 23.8 per cent to ₦12.87 trillion from ₦10.40 trillion within the same period.

Commenting on the results, the Group Chief Executive Officer, Segun Agbaje, said the performance highlights the resilience and depth of the Group’s earnings capacity.

“Our 2025 result underscores the resilience and depth of our earnings capacity. Following a record 2024, our focus has been on strengthening the sustainability of earnings by driving growth across our core banking and ecosystem businesses,” he said.

Agbaje added that the strong core earnings performance, achieved despite tighter regulatory conditions and a stronger naira, reflects the quality of the Group’s franchise and disciplined execution of its strategy.

He noted that the record dividend payout signals confidence in the Group’s long-term earnings outlook, adding that GTCO remains committed to scaling its financial services ecosystem, driving innovation, and delivering consistent returns to shareholders.

Overall, the Group continues to rank among the top performers in Nigeria’s financial services industry, posting key ratios including Return on Equity (ROAE) of 28.3 per cent, Return on Assets (ROAA) of 5.3 per cent, and a Cost-to-Income Ratio of 27.9 per cent.

GTCO Plc operates across Africa and the United Kingdom, providing a broad range of banking and non-banking services, and remains focused on delivering sustainable growth and long-term value to stakeholders.