Guaranty Trust Holding Company (GTCO) H1 2025 earnings summary

Executive summary

• Achieved ₦600.9bn profit before tax (PBT) in H1-2025, with consolidated financials prepared under IFRS and Nigerian regulations.

• Core revenue growth across banking, fund management, pension, and payments, with operations spanning Nigeria, West/East Africa, and the UK.

• Maintained strong market positioning, robust capital, and liquidity, supported by strong corporate governance and sustainability practices.

• Digital banking and fintech platforms saw significant user and transaction growth, supporting financial inclusion.

• Strong risk management and sustainability practices embedded across the Group.

Financial highlights

• Total assets grew to ₦16.7trn (up 12.8% YoY); total deposits up to ₦12.1trn; gross loans up 19% to ₦3.47trn.

• Net interest income rose 28.6% YoY; net fee and commission income up 33.7%.

• Non-interest revenue contracted 66.4% due to an 88.7% drop in fair value and derivative gains.

• Profit before tax: ₦600.9bn (H1 2025) vs ₦1.00trn (H1 2024); profit after tax: ₦449.0bn (H1 2025).

• Earnings per share at ₦13.6; interim dividend of ₦1.00 per share declared.

Outlook and guidance

• FY 2025 guidance targets continued strong PBT, deposit and loan growth, and robust capital and liquidity ratios.

• Focus on digital innovation, ecosystem expansion, and operational efficiency.

• Commitment to risk management, capital adequacy, and sustainable growth.

• Strategic priorities include diversifying earnings, scaling through partnerships, and enhancing customer experience.

• Ongoing digital transformation and expansion in financial inclusion and alternative delivery channels.