GTCO Records 39% Rise in Profit Before Tax, Hits N299bn In Q3 2025

Guaranty Trust Holding Company Plc (GTCO) has announced its unaudited financial results for the third quarter of 2025, reporting a 39% year-on-year increase in Profit Before Tax (PBT) to ₦299.9 billion.

The report showed that gross earnings for the period rose by 15.5% year-on-year to ₦532 billion, compared to ₦461 billion in Q3 2024. GTCO’s nine-month PBT stood at ₦900.8 billion, driven by strong growth in interest and fee income, which rose by 25.6% and 16.8% respectively.

The company noted that its solid core earnings helped mitigate the 26% year-on-year decline in PBT, following the non-recurrence of ₦523.2 billion fair value gains recorded in Q3 2024.

GTCO’s unaudited consolidated and separate financial statements as of September 30, 2025, submitted to the Nigerian Exchange Group (NGX) and the London Stock Exchange (LSE), showed growth across all asset categories. The Group maintained a strong, liquid, and diversified balance sheet across its banking, payments, pension, and fund management businesses.

Total assets stood at ₦16.7 trillion, while shareholders’ funds closed at ₦3.3 trillion. The Capital Adequacy Ratio (CAR) remained strong at 36.5%. Asset quality also improved, with IFRS 9 Stage 3 Loans declining to 3.3% and 4.4% at the Bank and Group levels, respectively, compared to 3.5% and 5.2% in December 2024. The Cost of Risk (COR) also improved to 2.2% from 4.9% at the end of 2024.

The Group’s loan book (net) expanded by 16.5% from ₦2.79 trillion in December 2024 to ₦3.24 trillion in September 2025, while customer deposits grew by 16% from ₦10.4 trillion to ₦12.06 trillion during the same period.

Commenting on the results, GTCO Group Chief Executive Officer, Mr. Segun Agbaje, said:
“Our third-quarter performance highlights the strength and consistency of our business model. We continue to see sustainable growth across our banking and non-banking operations, driven by disciplined execution and a strong focus on operational efficiency.”