Guaranty Trust Holding Company Plc (GTCO) has released its audited consolidated and separate financial statements for the year ended December 31, 2025 with a profit of N865.75 billion, about 15 per cent drop from N1.02 trillion reported in 2024.
This came as other incomes fell by 72% to N139.95 billion from N499 billion in December 2025.
The result and accounts posted on the Nigerian Exchange Limited (NGX) revealed a N1.23 trillion profit before tax in 2025, which is nearly three per cent drop from N1.27 trillion in 2024.
Amid drop in profit, the lender declared another record total dividend payout of N12.76kobo payout to shareholders in 2025 against N8.03 kobo paid in 2024.
The Group’s N1.23trillion profit before tax in 2025 is underpinned by strong growth in core earnings, with interest income and fee income increasing y-o-y by 23.2per cent and 25.9per cent, respectively.
The performance reaffirms its capacity to generate sustainable earnings and builds on the momentum from 2024, when GTCO delivered a record profit of N1.27trillion, driven in part by N517.5billion in fair value gains, which did not recur in 2025.
The profit after tax reflects the impact of recent fiscal policy adjustments to the taxation of investment securities, notably withholding tax on short-term instruments. However, when normalised for this effect, underlying earnings remain robust, driven by growth in core operating income.
The Group continues to maintain a well-structured, healthy, and diversified balance sheet in all the jurisdictions wherein it operates a Banking franchise, as well as across its Payments, Pension and Funds Management business verticals.
Total assets and shareholders’ funds closed at N17.8trillion and N3.4trillion in 2025, respectively.
Capital Adequacy Ratio (CAR) remained very robust and strong, closing at 43.8per cent, likewise asset quality improved as evidenced by IFRS 9 Stage 3 Loans which closed at 3.4per cent and five per cent at Bank and Group level in FY-2025 (Bank, 3.5per cent, and Group, 5.2per cent in December 2024).
Cost of Risk (COR) also improved to 2.2per cent from 4.9per cent in December 2024. In specific terms, the Group’s loan book (net) grew by 12.4per cent from N2.79trillion as of December 2024 to N3.13trillion in December 2025. Similarly, deposit liabilities grew by 23.8per cent from N10.40trillion to N12.87trillion during the same period.
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