REG - Guaranty Trust Hldng - 3rd Quarter Results

Guaranty Trust HoldingAnnouncement

29/10/2025 10:15

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251029:nRSc3334Fa&default-theme=true

RNS Number : 3334F  Guaranty Trust Holding Company PLC  29 October 2025

Guaranty Trust Holding Company Plc

 

UNAUDITED Q3 GROUP RESULTS FOR THE PERIOD ENDED SEPTEMBER 30, 2025: DECLARES A
PBT OF N900.8BILLION

 

Lagos Nigeria - October 29, 2025 - Guaranty Trust Holding Company Plc
("GTCO"), (Bloomberg: GUARANTY:NL/Reuters: GUARANT.LG), provider of
diversified financial services, announces its unaudited Financial Results for
the period ended 30 September 2025 and declares a PBT of N900.8bn.

 

Commenting on the results, the Group Chief Executive Officer of Guaranty Trust
Holding Company Plc, Mr. Segun Agbaje, said: "Our third quarter performance
underscores the consistency and resilience of our business model, as well as
the continued strength of our diversified financial services ecosystem. We are
seeing steady, sustainable growth across our banking and non-banking
businesses, supported by disciplined execution and a strong focus on
operational efficiency. The improvements we have made to our digital and
payments infrastructure are enhancing customer experience, deepening
engagement, and driving greater integration across our ecosystem."

 

He further stated: "Looking ahead, our focus remains on advancing our
competitive edge through innovation, operational excellence, and a commitment
to superior customer outcomes. With a clear growth trajectory and strong
organisational alignment, we are well-positioned to sustain performance
momentum and deliver another year of industry-leading results."

 

Financial Highlights

 

·      Earnings

-  Profit before tax of ₦900.8bn (30 September 2024: 1.219tr) down 26.1%
due to non-recurrence of N523.2bn fair value gains booked in Q3-2024 which
offset 25.6% growth posted on funded income line.

-  Profit after tax declined by 35.5% to ₦699.6bn in Q3-2025YTD from
N1,085.0bn for the period ended 30 September supported by improvement in
earnings quality as funded income constitute 77% of gross earnings.

-  Earnings per share (EPS) therefore closed at 2,071kobo relative to
3,841kobo per share as of 30 September 2024.

 

·      Revenue

 

-  Interest income increased materially by 25.6% to ₦1.231tr (30 September
2024: N980.3bn),  principally due to growth in Banking Entities Earning
Assets (EA) volumes,  pick-up in yield and impressive AUM growth recorded by
the Non-Banking Business Verticals- GTFM and GTPFA, culminating in 39.9%
expansion in interest earned on fixed income securities, 15.1% on Placements
and 14.9% on Loans and advances.

 

-  Non-funded income (NFI) which comprises of Fee and Commission income
(56.3%), Net trading gains (20.7%), and Other Income (23.0%) dipped materially
by 54.3% to ₦373.3bn in Q3-2025YTD from N817.9bn in Q3-2024YTD primarily due
to 85.1% reduction in Other Income from N577.4bn in Q3-2024YTD to N85.8bn in
Q3-2025YTD which completely offset growth in fee and commission arising from
increase in transactional volumes noted across Banking and Non-Banking
Verticals.

 

In specifics, the Group booked N49.2bn fair value loss on the Financial
Instrument in the current period as against N523.2bn fair value gain posted in
prior corresponding period on the back of 4% appreciation of Naira exchange
rate against the USD. The drop in other income thus doused the 16.8% and 28.1%
growth recorded on fees and commission income and net trading income,
respectively.

 

-  Net interest margin was up by 240bps closing at 12.2% (30 September 2024:
9.8%) owing to yield increase to 14.6% in Q3-2025YTD from 11.96% in
Q3-2024YTD, that was adequate to mitigate pick-up in cost funds to 2.1% (30
September 2024: 1.5%).

 

·      Balance Sheet growth came in very strong with robust liquidity
and capital positions.

-  Total assets of ₦16.659trn (31 December 2024: N14.796trn) up 12.6%.

-  Net loans and advances of ₦3.244trn (31 December 2024: N2.786trn) up
16.5%.

-  Deposit liabilities of ₦12.062trn (31 December 2024: N10.401trn) up
16.0%.

 

·      Credit Quality

-  Ratio of IFRS 9 Stage 3 loans to Total Loans closed at 3.3% (31 December
2024: 3.5%) at Bank level while at Group, it closed at 4.4% (31 December 2024:
5.2%), all within 5% prescribed by Regulator.

-  At Bank level, Coverage for lifetime credit impaired loans still top 100%
at Group & Bank level closing 136.5% and 95.8% (31 December 2024: 138.7%
& 217.7%) respectively.

-  Cost of Risk improve to 2.2% (31 December 2024: 4.9%) on the back of
improved Asset quality as the Group continued to benefit from its derisked
balance sheet.

 

·      Continued focus on efficiency

-  Cost to income (CIR) at Group level closed at 28.8% benefitting from
strong net-Core earnings growth of 21% (N1.163 Trn v N961.7bn) that curtailed
Opex pick up of 24% (N364.9bn v N294.3bn).

 

·      Subsidiaries

 

Contribution to Group PBT from West Africa, United Kingdom and Non-Banking
Entities (NBS) increased to 30.8%, 1.7% and 1.6% in Q3-2025YTD from 16.4%,
1.3% and 0.9% in Q3-2024YTD, respectively, while East Africa contribution
declined to 1.47% from 1.52% during the same period. The improved contribution
from NBS and Banking Entities outside Nigeria (WA & EA) caused
contribution from the Nigeria Banking Subsidiary to drop from 81.8% in
Q3-2024YTD to 68.6% in Q3-2025YTD.

 

September 2025 Financial Analysis and Ratios

 

 Key Financials (N' billion)    Q3-2025                          Q3-2024   ∆%
 Interest income                1,230.9                          980.3     25.6%
 Non-interest income            373.6                            817.9     -54.3%
 Operating income               1,228.6                          1,514.1   -18.9%
 Operating expenses             365.0                            294.3     24.0%
 Profit before tax              900.8                            1,219.5   -26.1%
 Profit after Tax               699.6                            1,085.0   -35.5%
 Earnings per share (in Naira)  20.7                             38.4      -46.1%

                                Q3-2025                          FY-2024   ∆%
 Total assets                   16,659.4                         14,795.7  16,659.4
 Net loans                      3,244.6                          2,785.8   3,244.6
 Deposit liabilities                        12,062.4             10,401.4  16.0%

 

 Key Ratios                          Q3-2025  Q3-2024
 ROAE (post-tax)                     30.7%    70.4%
 ROAA (post-tax)                     5.9%     11.4%
 ROAE (pre-tax)                      39.5%    79.1%
 ROAA (pre-tax)                      7.6%     12.8%
 Net interest margin                 12.2%    9.8%
 Cost-to-income ratio                28.8%    19.4%

                                     Q3-2025  FY-2024
 Net loans to deposits               26.9%    26.8%
 Liquidity ratio                     49.6%    49.2%
 Capital adequacy ratio              36.5%    39.3%
 IFRS 9 Stage 3 Loans                4.4%     5.2%
 Cost of risk                        2.2%     4.9%
 Coverage (with Reg. Risk Reserves)  136.5%   138.7%

 

 

29 October 2025

 

Enquiries:

 

 Guaranty Trust

 Oyinade Adegite, Head, Group Communication   +234-1-2715227

 Charles Eremi, Group Communication

 ir@gtcoplc.com (mailto:ir@gtcoplc.com)

 

Notes to the Editors:

 

Guaranty Trust Holding Company Plc is a diversified financial services company
with N16.659trillion in assets, providing commercial banking services and
non-banking financial services across eleven countries.

 

The Group operates as one of the leading Nigerian financial services companies
offering a wide range of commercial banking as well as non-banking financial
services in Nigeria, West Africa, East Africa, and the United Kingdom. The
Group is rated B- by S&P, a reflection of the Group's stability and
reputation of being a well-established franchise with strong asset quality and
consistent excellent financial performance.

 

The Group has the following Banking subsidiaries (including sub-subsidiaries)
and non-banking subsidiaries within and outside of Nigeria -

 

1)   Guaranty Trust Bank (Nigeria) Limited     ("GTB Nigeria"),

2)   Guaranty Trust Bank (Gambia) Limited    ("GTB Gambia"),

3)   Guaranty Trust Bank (Sierra Leone) Limited ("GTB Sierra Leone"),

4)   Guaranty Trust Bank (Ghana) Limited      ("GTB Ghana"),

5)   Guaranty Trust Bank (Liberia) Limited     ("GTB Liberia"),

6)   Guaranty Trust Bank (United Kingdom) Limited ("GTB UK")

7)   Guaranty Trust Bank (Cote D'Ivoire)        ("GTB Cote
D'Ivoire"),

8)   Guaranty Trust Bank (Kenya) Limited      ("GTB Kenya"),

9)   Guaranty Trust Bank (Rwanda) Plc Limited ("GTB Rwanda"),

10) Guaranty Trust Bank (Uganda) Limited    ("GTB Uganda")

11) Guaranty Trust Bank (Tanzania) Limited ("GTB Tanzania")

12) Habari Pay (Nigeria) Limited

13) Guaranty Fund Managers

14) Guaranty Pension Managers.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  QRTEAEENAEFSFFA



            Copyright 2019 Regulatory News Service, all rights reserved