Guaranty Trust Holding Company Plc (GTCO) has released its unaudited results for the half year ended June 30, 2025, reporting a pre-tax profit of ₦601 billion, down from ₦1 trillion in the corresponding period of 2024. The company’s profit after tax also declined to ₦449.01 billion, compared to ₦905.57 billion in the first half of 2024.
Despite the significant drop in earnings, the Board of Directors has approved an interim dividend of ₦1.00 per share, maintaining the same payout as the previous year. This dividend will be paid to shareholders whose names appear in the Register of Members as of October 7, 2025.
The decline in profit is attributed to a sharp slide in unrealised gains on financial assets, such as bonds and treasury bills, which fell to ₦1.5 billion from ₦331.6 billion. As a result, other income, a key revenue driver for the bank, decreased by 91.8 per cent. Revenue for the financial institution also fell to ₦523.2 billion from ₦680.5 billion during the same period.
However, net interest income, a key profitability metric, jumped 40.1 per cent to ₦318.4 billion. This increase is notable, given that loan impairment charges dropped by 0.5 per cent, despite a 15.6 per cent growth in credit exposure. This suggests that the bank has made progress in reducing the cash reserved to cover borrowers’ defaults.
GTCO’s financial performance is closely watched, given its significant presence in the Nigerian banking sector. The bank’s ability to navigate challenging market conditions and maintain a stable dividend payout will be closely monitored by investors and analysts. With the interim dividend payment scheduled forOctober 7, 2025, shareholders will be keenly watching the bank’s next steps to restore profitability and drive growth.
