Guaranty Trust Holding Company Plc (GTCO) has reported a pre-tax profit of ₦601 billion for the first half of 2025. That figure is a sharp drop from ₦1 trillion earned in the same period of 2024.
Profit after tax was ₦449.01 billion, down from ₦905.57 billion a year earlier, according to the lender’s unaudited financials released for the half year ended June 30.
Despite weaker earnings, the Board approved an interim dividend of ₦1.00 per share. “The payout matches what shareholders received in H1 2024,” the statement said.
The dividend will go to shareholders whose names appear in the Register of Members as of October 7, 2025.
Unrealised Gains Collapse
The group’s earnings story reflects a steep slide in unrealised gains on financial assets like bonds and treasury bills. These dropped to just ₦1.5 billion from ₦331.6 billion last year.
That collapse dragged other income down by 91.8%. A year ago, it was the lifeblood of GTCO’s revenue, but this year it offered little support.
Revenue fell to ₦523.2 billion, compared with ₦680.5 billion in H1 2024.
Yet not all the numbers were gloomy. Net interest income surged 40.1% to ₦318.4 billion, showing stronger returns from lending after covering payouts to savers.
Loan impairment charges dropped slightly by 0.5%. That suggests GTCO managed credit risk better even as its loan book expanded by 15.6%.
It is the bank’s heavy exposure to securities rather than customer lending that made it more vulnerable to swings in financial markets.
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