GT Holding Declares N302.9bn Profit Before Tax For Q1

Guaranty Trust Holding Company (GTCO) Plc has posted profit before tax of N302.9 billion on the back of strong performance posted on the core earnings lines of interest income and fee income for the first quarter (Q1) ended March 31, 2026.

The Group’s earnings capacity was driven by 1.3 per cent growth in the Group’s loan book (net) from N3.13 trillion as of December 2025 to N3.17 trillion in March 2026, enabled by 6.3 per cent growth in deposit liabilities from N12.87 trillion to N13.69 trillion during the same period.

Total assets and shareholders’ funds closed at N18.7 trillion and N3.6 trillion, respectively. Capital Adequacy Ratio (CAR) remained very strong, closing at 39.5 per cent, likewise asset quality improved as evidenced by IFRS 9 Stage 3 Loans which closed at 4.4 per cent in Q1, 2026. Cost of Risk (COR) equally improved to 0.2 per cent from 2.2 per cent in December 2025.

The Group recorded growths across all its Asset lines and continues to maintain a well-structured, healthy liquid and diversified balance sheet in all the jurisdictions wherein it operates a Banking franchise, as well as across its Payments, Pension and Funds Management business verticals.

Speaking on the results, the Group chief executive officer of Guaranty Trust Holding Company, Mr. Segun Agbaje, said, “our Q1 2026 results mark a defining shift in the quality and composition of our earnings, with strong underlying performance across our core banking operations and increasing contribution from our ecosystem businesses. Building on the momentum from prior periods, we delivered solid growth across our core income lines, supported by disciplined execution and a well-diversified, strong, and healthy balance sheet.”

He further added, “our focus remains on driving sustainable earnings by deepening customer relationships, rapidly scaling our ecosystem businesses, and deploying technology to deliver simpler, faster, and more intuitive financial solutions. We see significant headroom across payments, wealth management, and banking, both in Nigeria and across our West and East African markets, and we are deliberately positioning the Group to capture these opportunities while sustaining strong, long-term value creation.”

Overall, the Group continues to post one of the best metrics in the Nigerian Financial Services Industry in terms of key financial ratios with Pre-Tax Return on Equity (ROAE) of 34.4 per cent, Pre-Tax Return on Assets (ROAA) of 6.6 per cent, Capital Adequacy Ratio (CAR) of 39.5 per cent and Cost to Income ratio of 31.5 per cent.