Guaranty Trust Holding Company (GTCO) investor relations material

Executive summary

• Delivered resilient H1 2026 results with PBT of ₦603.03bn, up 0.4% YoY, despite fair value and derivative losses of ₦46.21bn compared to a ₦6.5bn gain in H1 2025.

• Gross earnings reached ₦1.11 trillion, up 3.25% YoY, with PAT at ₦414.19bn, down 7.76% YoY due to higher tax and operating costs.

• Achieved growth across all core revenue lines: banking, fund management, pension, and payments.

• Maintained strong profitability with ROAA of 4.6%, ROAE of 24.6%, and EPS of ₦11.18.

• Share price increased 37.8% YoY to ₦125.00.

Financial highlights

• Total assets grew to ₦18,616.1bn, up 4.81% YoY; customer deposits increased to ₦14,193.7bn, up 10.25%.

• Net loans and advances rose 0.48% YoY to ₦3,147.3bn.

• Net interest income rose to ₦649.6bn, up 2.7% YoY; non-interest income contributed ₦305.1bn.

• Cost-to-income ratio remained low at 31.51%–32.8%; capital adequacy ratio at 34.86%; liquidity ratio at 46.02%.

• NIM moderated to 11.8% from 12.27% YoY; cost of funds improved to 1.83%.

Outlook and guidance

• FY 2026 guidance: PBT ₦1.4tn, loan growth 25%, deposit growth 400%, NPL ratio 4%, cost-to-income ratio 30%, NIM 11%.

• Focus on digital innovation, ecosystem expansion, and disciplined cost management.

• Continued investment in technology, customer experience, and ESG initiatives to drive growth.

• Targeting further expansion in financial inclusion and sustainable finance.