Guaranty Trust Holding Company Plc (GTCO) has released its unaudited results for the half‑year ended 30 June 2025. The bank reported a pre‑tax profit of ₦601 billion, down from ₦1 trillion in the same period of 2024. Profit after tax also fell sharply to ₦449.01 billion, compared with ₦905.57 billion a year earlier.
The decline in earnings is primarily attributed to a dramatic drop in unrealised gains on financial assets such as bonds and treasury bills, which fell to ₦1.5 billion from ₦331.6 billion. Consequently, other income—a key revenue driver for the bank—decreased by 91.8 per cent. Total revenue declined to ₦523.2 billion from ₦680.5 billion in the comparable period.
Despite the profit slump, GTCO’s Board of Directors approved an interim dividend of ₦1.00 per share, matching the payout from the previous year. The dividend will be paid to shareholders recorded in the Register of Members as of 7 October 2025.
On the positive side, net interest income—a crucial profitability metric—rose 40.1 per cent to ₦318.4 billion. This increase occurred alongside a modest 0.5 per cent reduction in loan impairment charges, even though credit exposure grew by 15.6 per cent, indicating progress in lowering the cash set aside for borrower defaults.
GTCO’s performance is closely watched given its significant presence in the Nigerian banking sector. Investors and analysts will monitor the bank’s ability to navigate challenging market conditions, maintain a stable dividend payout, and restore profitability and growth. With the interim dividend scheduled for 7 October 2025, shareholders will be keenly observing the bank’s next steps.
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