GTCO Reports N603bn Profit and Declares N1 Dividend

Guaranty Trust Holding Company (GTCO) Plc announced a profit before tax of N603.03 billion for the half-year period ending June 30, 2026, alongside an interim dividend of N1 per share. This information was disclosed in the company's audited financial statements submitted to the Nigerian Exchange Group (NGX) and the London Stock Exchange (LSE).

The profit was driven by a 7.5% increase in interest income and a 24.7% rise in trading income year-on-year. However, a N46.2 billion fair value loss limited the year-on-year growth in profit before tax to 0.4%.

The Group's total assets and shareholders' funds were reported at N18.6 trillion and N3.3 trillion, respectively, with a strong Capital Adequacy Ratio (CAR) of 34.9%. The Group's chief executive officer, Mr. Segun Agbaje, emphasized the resilience of the franchise and the importance of digital strategies for growth across various financial services.

The Group’s Pre-Tax Return on Equity was 35.9%, and the Cost to Income ratio stood at 31.5%.