Prime Business Africa
Guaranty Trust Holding Company (GTCO) Plc grossed N2.15 trillion in earnings within the first quarter (Q1) and the fourth quarter (Q4) of 2025, rising by just 0.09 percent compared to the N2.14 trillion generated in the same period in 2024.
The company drew part of its earnings from the interest income, which contributed N1.65 trillion in 2025, surpassing the N1.34 trillion it accounted for in 2024, representing a 23.20 percent increase.
Join our WhatsApp ChannelHowever, interest expense outstrip interest income, as GTCO incurred N392.57 billion during the period under review, rising by 38.61 percent when compared to the N283.21 billion recorded in 2024.
Despite interest expense overshadowing interest income, GTCO’s net interest income increased by 19.08 percent year-on-year, from N1.05 trillion to N1.26 trillion.
According to the company’s 2025 audited consolidated and separate financial statements for the period ended December 31, 2025, GTCO’s loan impairment charges declined by 51.39 percent year-on-year, from N136.66 billion to N66.42 billion.
This resulted in an increase of 29.52 percent growth in net interest income after loan impairment charges, which increased to N1.19 trillion in 2025, compared to the N921.92 billion recorded the previous year.
Also, the financial institution generated N278.50 billion from fee and commission income between January and December last year, surpassing the N221.23 billion recorded in 2024, indicating a 25.88 percent growth.
During the same period under review, the company’s fee and commission expense grew by just 8.23 percent to N34.11 billion in 2025, rising slightly above the N31.51 billion incurred in the year before.
Consequently, GTCO recorded N244.39 billion as net fee and commission income last year, which is above the N189.71 billion reported in 2024, reflecting a 28.82 percent increase.
However, the company suffered an 8.68 percent decline in net trading gains on financial instruments held at fair value, as it decreased to N78.74 billion in 2025, falling below the N86.23 billion posted in 2024.
Also, the lender suffered a 71.95 percent year-on-year decline in other income — which represents dividend income received from Guaranty Trust Bank Ltd — after it dropped from N409.06 billion to N139.95 billion, while other operating expenses grew by 9.70 percent year-on-year, from N259.59 billion to N284.8 billion.
This impacted the bottom line, as profit before tax (PBT) dropped to N1.23 trillion during the period under review, below the N1.26 trillion achieved in 2024, representing a 2.77 percent decline.
Despite the decline, GTCO saw a 47.04 percent increase in its income tax expense, which rose to N365.33 billion last year, above the N248.44 billion incurred in 2024.
As a result, the lender suffered a 14.93 percent decrease in its profit after tax, after recording N865.74 billion in 2025, failing to replicate the N1.01 trillion reported in 2024.
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Prime Business Africa is a business, economy and policy news platform founded in 2021 by veteran journalist and media scholar, Dr Marcel Mbamalu, after he left The Guardian as Editor.
Dr Mbamalu, who serves as Founder and Publisher, set up Prime Business Africa to deliver sharp, data-driven reporting on Nigeria’s markets, trade, investment, and governance trends for decision-makers, entrepreneurs, and policy leaders.
He also writes The Bottom Line, a backpage column for Punch Newspaper every Thursday.
Under his leadership, Prime Business Africa combines deep newsroom experience with a focus on accountability journalism, aiming to bridge information gaps between Africa’s private sector and the global economy.
