GTCO Records N900.8bn Pre-tax Profit in Q3 2025

By Aduragbemi Omiyale

The Unaudited Consolidated and Separate Financial Statements of Guaranty Trust Holding Company (GTCO) Plc for the nine-month period, which ended on September 30, 2025, has revealed that the financial services provider posted a profit before tax of N900.8billion on the back of strong performance on the core earnings lines of interest income and fee income which grew y-o-y by 25.6 per cent and 16.8 per cent, respectively.

It was observed that the strong core-earning performance continued to narrow the y-o-y dip in PBT to 26 per cent, thereby cushioning the impact of the N523.2 billion fair value gains recognised in Q3-2024, which did not recur in Q3-2025.

The group recorded growths across all its asset lines and continues to maintain a well-structured, healthy liquid 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.

Group’s total assets and shareholders’ funds closed at N16.7 trillion and N3.3 trillion, respectively. Capital Adequacy Ratio (CAR) remained very robust and strong, closing at 36.5 per cent, likewise asset quality improved as evidenced by IFRS 9 Stage 3 Loans which closed at 3.3 per cent and 4.4 per cent at bank and group level in Q3-2025 (Bank 3.5 per cent, Group 5.2 per cent in December 2024). Cost of Risk (COR) also improved to 2.2 per cent from 4.9 per cent in December 2024.

In specific terms, the Group’s loan book (net) grew by 16.5 per cent from N2.79 trillion as of December 2024 to N3.24 trillion in September 2025. Similarly, deposit liabilities grew by 16.0 per cent from N10.40 trillion to N12.06 trillion during the same period.

“Our third quarter performance underscores the consistency and resilience of our business model, as well as the continued strength of our diversified financial services ecosystem.

“We are seeing steady, sustainable growth across our banking and non-banking businesses, supported by disciplined execution and a strong focus on operational efficiency.

“The improvements we have made to our digital and payments infrastructure are enhancing customer experience, deepening engagement, and driving greater integration across our ecosystem,” the chief executive of GTCO, Mr Segun Agbaje, stated.

“Looking ahead, our focus remains on advancing our competitive edge through innovation, operational excellence, and a commitment to superior customer outcomes. With a clear growth trajectory and strong organizational alignment, we are well-positioned to sustain performance momentum and deliver another year of industry-leading results,” he added.

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., Pre-Tax Return on Equity (ROAE) of 39.5 per cent, Pre-Tax Return on Assets (ROAA) of 7.6 per cent, Capital Adequacy Ratio (CAR) of 36.5 per cent and Cost to Income ratio of 28.8 per cent.