GTCO Reports N879.9 Billion Profit Amid Challenges

GTCO recorded a pre-tax profit of N879.9 billion for the nine months ended September 30, 2026, as disclosed in the group's unaudited financial statements filed with the Nigerian Exchange Group and the Stock Exchange. This figure represents a 2.3% decline from the N900.8 billion pre-tax profit recorded in the same period of 2025.

Key income lines such as interest income, fees and commission income, and trading income increased year-on-year by 5.0%, 1.4%, and 3.1%, respectively. However, a fair value loss of N87.9 billion limited the group's overall profitability.

Customer deposits grew by 8.6% to N13.98 trillion, while the book contracted by 4.1% to N3.00 trillion. The group's capital adequacy ratio remained strong at 34.2%.

Segun Agbaje, Group Chief Executive Officer, stated that the performance demonstrated the resilience of the company's model despite challenging operating conditions.