Guaranty Trust Holding Company Plc (GTCO) posted a strong financial performance for the nine months ended September 30, 2025, with its unaudited financial statements revealing significant growth in total assets, equity, and reserves—reflecting the Group’s sustained profitability and resilience in Nigeria’s challenging financial landscape.
According to the statements approved by the Board of Directors on October 28, 2025, and signed by Group Chief Executive Officer Segun Agbaje, Group Chief Financial Officer Banji Adeniyi, and Non-Executive Director Cathy Echeozo, the Group’s total assets rose to ₦16.66 trillion, up from ₦14.80 trillion recorded as of December 31, 2024.
In Tuesday’s financial statements made available to the Nigerian Exchange Limited (NGX), the Group also reported a notable expansion in shareholders’ funds, as total equity grew to ₦3.37 trillion from ₦2.71 trillion at the end of 2024.
This growth underscores GTCO’s robust earnings capacity and prudent capital management amid market volatility.
Breaking down the equity composition, share capital increased from ₦17.07 billion to ₦18.21 billion, while share premium rose from ₦329.23 billion to ₦489.37 billion—reflecting higher capital inflows and retained profits. The Group also reported an impressive jump in retained earnings, climbing to ₦1.67 trillion from ₦1.32 trillion—a clear indication of sustained profitability across its banking and non-banking subsidiaries.
GTCO’s statutory reserves rose to ₦730.82 billion, compared with ₦628.87 billion in December 2024, while regulatory risk reserves remained stable at ₦75.11 billion—highlighting the Group’s continued adherence to prudential requirements and capital buffers.
Despite an increase in treasury shares to ₦28.41 billion (from ₦11.29 billion previously), the Group maintained a healthy balance-sheet position. Other components of equity increased sharply to ₦347.66 billion from ₦296.43 billion, reflecting fair-value gains and revaluation surpluses from investments and subsidiaries.
For the holding company alone, total equity stood at ₦566.21 billion, compared with ₦611.15 billion in 2024, as GTCO continued to realign its operations and investments across banking, payments, pensions, and asset-management businesses.
The Group also reported an increase in non-controlling interests in equity, which rose to ₦67.18 billion from ₦56.76 billion, showing growth across subsidiaries in West and East Africa.
Commenting on the results, the Board noted that the performance reinforces GTCO’s position as a leading financial services group in Africa, driven by innovation, diversification, and a strong risk-management culture.
Management emphasised that the financial statements were prepared in accordance with global accounting standards, with the accompanying notes forming an integral part of the report.
With total equity now above ₦3.3 trillion and total assets nearing ₦17 trillion, GTCO continues to demonstrate financial strength and strategic adaptability, positioning itself for further growth in both domestic and regional markets as it moves toward the end of the 2025 financial year.
