Guaranty Trust Holding Company Plc (GTCO) reported ₦603.03 billion in profit before tax (PBT) for the six months ended June 30, 2026, according to its audited half-year results released on September 28.
The figure represents a slight increase from the ₦600.9 billion recorded during the corresponding period of 2025. Profit after tax, however, declined to ₦414.2 billion, compared with ₦449 billion in the first half of 2025.
GTCO’s interest income increased by 7.5 per cent, rising from ₦812.4 billion in the first half of 2025 to ₦873.4 billion in the first half of 2026. Operating income also increased by 3 per cent to ₦845.6 billion.
The financial services group recorded stronger deposits during the period. Deposit liabilities rose by 11.3 per cent to ₦13.97 trillion, compared with ₦12.55 trillion at the end of 2025. Net loans increased more modestly, reaching ₦3.15 trillion from ₦3.13 trillion.
GTCO’s total assets also expanded during the period, reaching ₦18.62 trillion, compared with ₦17.76 trillion at the end of December 2025.
The company said its non-banking businesses continued to make a growing contribution to group earnings. The contribution of non-banking subsidiaries to group profit before tax increased from 1.4 per cent in H1 2025 to 2.6 per cent in H1 2026.
Its businesses outside Nigeria also continued to contribute to the group’s earnings. West Africa accounted for 30 per cent of group PBT contribution, while East Africa and the United Kingdom contributed 1.2 per cent and 1 per cent respectively. Nigeria remained the largest contributor at 65.2 per cent after intragroup adjustments.
GTCO’s capital adequacy ratio stood at 34.9 per cent at the end of June, while its liquidity ratio was 46 per cent. The group also reported an improvement in asset quality, with IFRS 9 Stage 3 loans falling to 4.6 per cent from 5 per cent at the end of 2025. Cost of risk dropped from 2.2 per cent to 0.6 per cent.
Following the half-year results, GTCO announced an interim dividend of ₦1 per ordinary share for shareholders. The company’s latest regulatory disclosures state that the qualification date is October 12, with the register closing on October 13 and payment scheduled for October 20 for qualifying shareholders who have completed e-dividend registration.
GTCO’s management said the results reflected the resilience of its core business, with growth in interest and trading income, stronger deposits and improved asset quality supporting the group’s performance.
The company will continue to focus on its banking and non-banking businesses as it seeks to expand its financial-services ecosystem across its operating markets.
