GTCO Reports N865.75 Billion Profit, Down 15% YoY

Guaranty Trust Holding Company Plc (GTCO) announced a pre-tax profit of N1.23 trillion for the year ending December 2025, marking a decline of 2.78% from the N1.27 trillion recorded in the previous year. The company's net profit also decreased by 14.94% to N865.75 billion compared to N1 trillion in the prior year.

GTCO's gross earnings stood at N2.215 trillion, indicating a relatively flat revenue profile. Interest income rose to N1.6 trillion from N1.3 trillion the previous year, while interest expenses were N392.5 billion, leading to a net interest income of N1.26 trillion, an increase from N1.05 trillion.

Non-interest income from fees and commissions increased to N278.5 billion. However, rising personnel expenses and operational costs pressured earnings, resulting in a pretax profit of N1.23 trillion.

The total assets of the company increased to N17.7 trillion from N14.7 trillion, with total liabilities rising to N12.08 trillion. Mr.

Segun Agbaje, the Group Chief Executive Officer, emphasized the company's financial performance and strategic priorities for sustainable growth.