GTCO Reports N1.23tn Profit Before Tax for 2025

Guaranty Trust Holding Company Plc (GTCO) announced a profit before tax of N1.23 trillion for the financial year ending December 31, 2025. This figure represents a decline from the N1.27 trillion profit recorded in 2024, attributed to recent fiscal policy changes affecting taxation on investment securities, particularly the introduction of withholding tax on short-term instruments.

Despite this decline, GTCO reported strong underlying earnings, with interest income and fee income rising by 23.2% and 25.9%, respectively. The group's total assets increased to N17.8 trillion, and shareholder funds reached N3.4 trillion.

The bank's net loan book grew by 12.4% to N3.13 trillion, while deposit liabilities rose by 23.8% to N12.87 trillion. Segun Agbaj, the Group Chief Executive Officer, emphasized the resilience of the group's earnings and the importance of maintaining a strong core earnings performance to support sustainable growth and shareholder returns.