Guaranty Trust Holding Company Plc (GTCO) has reported a profit before tax of N603.03 billion for the first half of 2026 and declared an interim dividend of N1 per share.
The financial services group released its audited consolidated and separate results for the six months ended June 30, 2026, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE).
GTCO said the result was driven largely by improved interest and trading income, which rose by 7.5 per cent and 24.7 per cent, respectively, compared with the corresponding period of 2025.
However, a N46.2 billion fair value loss recorded during the period moderated the growth in profit before tax to 0.4 per cent year-on-year.
The group also recorded growth across its major asset lines and said its balance sheet remained liquid, diversified and well structured across its banking and non-banking operations.
GTCO’s total assets rose to N18.6 trillion, while shareholders’ funds stood at N3.3 trillion at the end of June.
Its capital position remained strong, with the Capital Adequacy Ratio (CAR) closing at 34.9 per cent at group level and 29.2 per cent for the bank.
Asset quality also improved during the period, with IFRS 9 Stage 3 loans declining to 3.5 per cent at bank level and 4.6 per cent at group level, compared with 3.4 per cent and 5.0 per cent respectively at the end of 2025.
The group’s Cost of Risk also dropped sharply to 0.6 per cent, from 2.2 per cent during the comparable period.
GTCO’s net loan book increased marginally by 0.5 per cent, rising from N3.13 trillion in December 2025 to N3.15 trillion by June 2026.
Deposits, however, recorded stronger growth, climbing 10.3 per cent from N12.87 trillion to N14.19 trillion within the six-month period.
Commenting on the performance, GTCO Group Chief Executive Officer, Segun Agbaje, said the results reflected the resilience of the group and the strength of its balance sheet.
He said the impact of fair value movements had weighed on reported earnings, but added that the group’s core operations remained strong, with growth in interest and trading income, stronger deposits and improved asset quality.
Agbaje said the group would focus on disciplined execution and responsible growth, with digital platforms expected to drive expansion across banking, payments, pension and funds management.
GTCO said it maintained strong financial ratios during the period, including a 35.9 per cent pre-tax return on equity, 6.6 per cent pre-tax return on assets, 34.9 per cent capital adequacy ratio and 31.5 per cent cost-to-income ratio.
The group operates banking and financial services businesses across Africa and the United Kingdom, with interests spanning banking, payments, funds management and pension administration.
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