GTCO Reports N603bn Profit and Declares N1 Dividend

GTCO Holding Company Plc recorded a profit before tax (PBT) of N603.03 billion for the first half of 2026, reflecting a marginal increase of 0.4% compared to the same period in 2025. The financial services group declared an interim dividend of N1 per share to its shareholders.

This information was disclosed in GTCO's audited consolidated and separate financial statements for the six months ending June 30, 2026, which were released to the Nigerian Exchange Group (NGX) and the London Stock Exchange (LSE). The group's performance was primarily driven by a 7.5% increase in interest income and a 24.7% rise in trading income year-on-year.

However, these gains were partially offset by a fair value loss of N46.2 billion, which limited the growth in profit before tax. Segun Agbaje, GTCO Group Chief Executive Officer, commented that the results reflected the strength of the group's balance sheet and ongoing growth beyond traditional banking, emphasizing a focus on disciplined execution and responsible growth.