Guaranty Trust Holding Company has released its audited consolidated and separate financial statements for the year ended December 31, 2025, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE).
GTCO, in a statement on Tuesday, declared a N12.76k dividend to shareholders and a N865.75 billion profit after tax from a reported profit before tax of N1.23 trillion,
According to the firm, the PBT is underpinned by strong growth in core earnings, with interest income and fee income increasing y-o-y by 23.2 percent and 25.9 percent, respectively.
It stated that performance reaffirms its capacity to generate sustainable earnings and builds on the momentum from 2024, when GTCO delivered a record profit of N1.27 trillion, driven in part by N517.5 billion in fair value gains, which did not recur in 2025.
The group explained that 2025 profit after tax came in at ₦865.75 billion against ₦1.02 trillion recorded in 2024 because of the impact of recent fiscal policy adjustments to the taxation of investment securities, notably withholding tax on short-term instruments.
However, when normalized 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 N17.8 trillion and N3.4 trillion, respectively.
Capital Adequacy Ratio (CAR) remained very robust and strong, closing at 43.8 percent; likewise, asset quality improved as evidenced by IFRS 9 Stage 3 Loans, which closed at 3.4 percent and 5.0 percent at the bank and group level in FY-2025 (bank, 3.5 percent, and group, 5.2 percent in December 2024). Cost of Risk (COR) also improved to 2.2 percent from 4.9 percent in December 2024.
According to the bank, in specific terms, the group’s loan book (net) grew by 12.4 percent from N2.79 trillion as of December 2024 to N3.13 trillion in December 2025. Similarly, deposit liabilities grew by 23.8 percent from N10.40 trillion to N12.87 trillion during the same period.
Commenting on the results, the Group Chief Executive Officer of Guaranty Trust Holding Company Plc, Segun Agbaje, said, “Our 2025 result underscores the resilience and depth of our earnings capacity. Following a record 2024, which included significant fair value gains, our focus has been on strengthening the sustainability of our earnings by driving growth across our core banking and ecosystem businesses. The strength of our underlying earnings, despite a stronger Naira and tighter regulatory parameters, reflects the quality of our franchise and the discipline with which we execute our strategy. Importantly, this strong core earnings performance underpins our capacity to sustain and grow shareholder returns. Our record dividend payout this year is not only a reflection of our current profitability but also of our confidence in the Group’s long-term earnings potential. Looking ahead, we remain focused on scaling our ecosystem, driving innovation across our financial services platform, and delivering consistent, high-quality earnings that support superior value creation for our shareholders.”
Overall, the group continues to post one of the best metrics in the Nigerian Financial Services Industry in terms of key financial ratios, i.e., a post-tax return on equity (ROAE) of 28.3 percent, a post-tax return on assets (ROAA) of 5.3 percent, a capital adequacy ratio (CAR) of 43.8 percent, and a cost-to-income ratio of 27.9 percent.
GTCO declares N12.76k dividend, N865.75bn profit after tax in 2025
