Guaranty Trust Holding Company (GTCO) Q3 2025 earnings summary

Executive summary

• Achieved #1.231trn PBT for FY 2025, driven by strong core earnings growth in interest and fee income, with significant increases in both group and company results year-over-year.

• Total assets grew to #17.76trn, with deposits up 24% and loans up 12.4% YoY; assets rose from ₦14.80 trillion to ₦16.66 trillion as of September 2025.

• Maintained robust capital (CAR 43.8%) and liquidity (56.7%) positions, well above regulatory minimums.

• Expanded equity base through share issuance and retained earnings, supporting ongoing business growth.

• Share price rose 59.1% YoY.

Financial highlights

• Interest income rose 23.2% YoY, with loans, placements, and securities up 34.8%, 9.9%, and 22.5% respectively.

• Group net interest income rose to ₦952.1 billion, driven by higher interest income and moderate increase in interest expense.

• Non-interest revenue fell 38.4% due to a 72% drop in fair value/derivative gains, offset by 25.9% growth in fees and commissions.

• Cost-to-income ratio improved to 27.86%, with OPEX up 17.9% in line with inflation.

• NPL ratio at 4.97%, with strong coverage (106.9% with regulatory risk reserve).

Outlook and guidance

• FY 2026 PBT guidance at #1.4trn, with deposit growth target of 25% and loan growth of 12.4%.

• Cost-to-income ratio expected to remain below 30%, with ROAE and ROAA targets of 30% and 5% respectively.

• Management continues to focus on expanding digital and payments businesses, strengthening risk management, and maintaining strong capital adequacy.

• Ongoing investments in technology and infrastructure to support future growth and operational efficiency.

• NPL ratio targeted to improve to 4%, with coverage above 100%.