Guaranty Trust Holding Company Plc (GTCO) has shown strong financial performance in the first quarter of 2025, reporting a Profit Before Tax (PBT) of N300.4 billion. This result is driven by a significant 41.1% increase in interest income and a 41.2% growth in fee income compared to the same period last year.
In its unaudited financial report for the period ending March 31, 2025, released to the Nigerian Exchange Group (NGX) and the London Stock Exchange (LSE), GTCO noted that despite the absence of the N331.6 billion fair value gains recognized in Q1 2024, the company still maintained a solid performance.
The company’s loan book grew by 15.6%, reaching N3.22 trillion by March 2025, compared to N2.79 trillion in December 2024. Similarly, deposit liabilities increased by 7.7%, totaling N11.20 trillion, up from N10.40 trillion in the previous period. GTCO reported growth across all asset lines, highlighting its strong and diversified balance sheet in all the regions it operates.
GTCO’s total assets stood at N15.9 trillion, with shareholders’ funds at N3.0 trillion. The Group’s CEO, Mr. Segun Agbaje, expressed confidence in the company’s performance, noting that despite the absence of the previous year’s fair value gains, GTCO continues to grow across all income lines, with a diversified revenue base and a strong, well-structured balance sheet.
Agbaje also shared optimism for the remainder of 2025, stating that the company remains well-positioned to meet its full-year PBT targets by the end of the year.
