Guaranty Trust Holding Company Plc (GTCO) reported a profit before tax of ₦900.8 billion for the third quarter ended September 30, 2025, driven by growth in interest and fee income and improvements in asset quality.
The unaudited consolidated financial statements filed with the Nigerian Exchange Group (NGX) and the London Stock Exchange (LSE) showed the group’s interest income rose 25.6 percent while fee income grew 16.8 percent — gains that helped cushion the absence of the ₦523.2 billion fair-value gains recognised in Q3-2024.
Group total assets closed at ₦16.7 trillion, with shareholders’ funds at ₦3.3 trillion. GTCO’s Capital Adequacy Ratio (CAR) remained robust at 36.5 percent, and asset quality improved: IFRS 9 Stage 3 loans were 3.3 percent at bank level and 4.4 percent at group level in Q3-2025 (compared with Bank 3.5 percent, Group 5.2 percent in December 2024). Cost of risk also improved to 2.2 percent from 4.9 percent at end-2024.
The group expanded its lending and deposit bases in the period. Net loans grew by 16.5 percent — from ₦2.79 trillion in December 2024 to ₦3.24 trillion in September 2025 — while deposit liabilities rose 16.0 percent to ₦12.06 trillion.
Commenting on the results, GTCO Group Chief Executive Officer Segun Agbaje said:
“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.”
He added:
“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 organisational alignment, we are well-positioned to sustain performance momentum and deliver another year of industry-leading results.”
GTCO also reported healthy financial metrics for the period, including a pre-tax return on equity (ROAE) of 39.5 percent, pre-tax return on assets (ROAA) of 7.6 percent, and a cost-to-income ratio of 28.8 percent — figures that place the group among the top performers in the Nigerian financial services sector.
