Guaranty Trust HoldingCompany Plc, GTCO, has sustained profitability momentum, declaring Profit Before Tax, PBT, of N300.4 billion on the back of strong interest income which grew Year-on-Year, Y-o-Y, by 41.1 with fee income going up by 41.2 in the first quarter of 2025, Q125.
According to the unaudited consolidated and separate financial statements for the period ended March 31, 2025, released to the Nigerian Exchange Group NGX and London Stock Exchange LSE, the strong performance enabled the group to douse the impact of the N331.6 billion fair value gains recognised in Q124, which did not recur in Q125.
The Groups loan book net increased by 15.6 to N3.22 trillion in March 2025 from N2.79 trillion recorded as at December 2024, while deposit liabilities grew by 7.7 to N11.20 trillion during the same period from N10.40 trillion. The Group recorded growth across all its asset lines and continues to maintain a robust, well-structured, highly de-risked, and well-diversified balance sheet in all the jurisdictions wherein it operates. Total assets and shareholders funds closed at N15.9 trillion and N3.0 trillion, respectively.
Commenting on the results, the Group Chief Executive Officer of Guaranty Trust Holding Company Plc GTCO, Mr. Segun Agbaje, said, Our Q125 performance reflects the strength of all our business verticals and our capacity to generate strong and sustainable earnings.