An interim dividend of N1.00 per share has been declared by Guaranty Trust Holding Company (GTCO) Plc for the first half of 2025.
The company announced the dividend payment after it released its Audited Consolidated and
Separate Financial Statements for the period ended June 30, 2025, to the Nigerian Exchange (NGX) Limited and the London Stock Exchange (LSE).
The payment followed a strong performance on core earning lines of interest income and fee income, which grew y-o-y by 31.5 per cent and 33.0 per cent, respectively.
The strong core-earning performance doused the impact of the N493.01 billion fair value gains recognised in H1-2024 which did not recur in H1-2025, thereby narrowing y-o-y dip in profit before tax to 40 per cent, with the profit before tax closing at N600.9 billion.
Also, the organisation recorded growth across all its asset lines and continues to maintain a well-structured, de-risked, 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.
It was observed that total assets and shareholders’ funds closed at N16.7 trillion and N3.0trillion, respectively, with Capital Adequacy Ratio (CAR) remaining very robust and strong, closing at 36.2 per cent.
Further, asset quality also improved as evidenced by IFRS 9 Stage 3 Loans which closed at 3.2 per cent at bank level and 4.5 per cent at Group in H1-2025 versus -3.5 per cent at bank level in December 2024 and .5.2 per cent at group level, with Cost of Risk (COR) improving to 1.7 per cent from 4.9 per cent in December 2024.
In specific term, the group’s loan book (net) grew by 20.5 per cent from N2.79 trillion position of December 2024 to N3.36 trillion in June 2025. Similarly, deposit liabilities grew by 16.6 per cent from N10.40 trillion to N12.13 trillion during the same period.
In addition, the company boasts a Pre-Tax Return on Equity (ROAE) of 60.4 per cent, Pre-Tax Return on Assets (ROAA) of 10.6 per cent, Capital Adequacy Ratio (CAR) of 36.2 per cent and Cost to Income ratio of 30.1 per cent.
“Our half year performance reflects the strength of our core business and the progress we are making in building a truly diversified financial services ecosystem.
“Beyond the extraordinary one-off gains of last year, we are now driving sustainable growth with recurring earnings that highlight the resilience and scalability of our model.
“A key driver of this momentum is our continued investment in technology, particularly the comprehensive upgrade of our core banking systems, which is already delivering stronger uptime, greater efficiency, and increased capacity to scale as our customer base grows,” the chief executive of GTCO, Mr Segun Agbaje, stated.
“Across Banking, Funds Management, Pension, and Payments, we are leveraging a fully de-risked balance sheet to reinforce our market position while maintaining strategic flexibility for growth.
“This foundation positions us to take advantage of emerging opportunities and deliver lasting value for all stakeholders,” he added.