The Digest:
Guaranty Trust Holding Company Plc has reported a profit before tax of N1.23 trillion for the financial year ended December 31, 2025, driven by strong growth in core earnings. Interest income rose 23.2 percent year-on-year, while fee income grew 25.9 percent. Profit after tax stood at N865.75 billion, down from N1.02 trillion in 2024 due to fiscal policy changes affecting taxation on investment securities. Total assets rose to N17.8 trillion, with shareholders' funds closing at N3.4 trillion.
Key Points:
- Profit before tax reached N1.23 trillion, with strong growth in core operating income.
- Profit after tax declined to N865.75 billion due to the new withholding tax on short-term instruments.
- Total assets increased to N17.8 trillion, while deposits grew 23.8 percent to N12.87 trillion.
- Capital Adequacy Ratio remained strong at 43.8 percent.
- The Group announced a record dividend payout reflecting confidence in long-term earnings potential.
Despite headwinds from fiscal policy changes, GTCO's resilient earnings and strong balance sheet underscore the Group's capacity to deliver sustainable shareholder returns across its markets.
Sources: The Punch
