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GTCO
On this page
Company details
- Legal name
- Guaranty Trust Holding Company Plc
- Listing
- GTCO on the Nigerian Exchange, active · ISIN NGGTCO000002 (observed 2026-10-08)
- Sector
- Not classified (our classification from the stated principal activity)
- Financial year ends
- 31 December
Overview
Year ended 31 December 2025 · audited financial statements, signed / final · source
Read with these figures
- Auditor's emphasis of matter. No emphasis-of-matter paragraph. Key audit matter (consolidated statements only): impairment of loans and advances to customers (gross loans ₦3,228 billion, ECL allowance ₦96 billion, ECL charges ₦52 billion) (PDF p61).
Full wording and sources
Auditor's emphasis of matter
No emphasis-of-matter paragraph. Key audit matter (consolidated statements only): impairment of loans and advances to customers (gross loans ₦3,228 billion, ECL allowance ₦96 billion, ECL charges ₦52 billion) (PDF p61). Other legal requirements: Guaranty Trust Bank Limited paid a penalty in respect of the 2023 CBN Risk Asset Examination (note 45) (p66).
Source: Guaranty Trust Holding Company Plc. Audited Consolidated and Separate Financial Statements Together with Directors' and Auditor's Reports December 2025 (dated 2026-03-31)
-
Net interest income
NGN 1.26 trillion
1,260,586,840 NGN thousands · p70
+19.1% vs 2024
Interest income less interest expense, as printed.
-
Profit / (loss) for the year
NGN 866 billion
865,746,687 NGN thousands · p70
−14.9% vs 2024
-
Total assets
NGN 17.8 trillion
17,761,152,255 NGN thousands · p68
+20.0% vs 2024
-
Customer deposits
NGN 12.5 trillion
12,547,005,784 NGN thousands · p68
+25.3% vs 2024
-
Total equity
NGN 3.41 trillion
3,411,379,958 NGN thousands · p69
+25.8% vs 2024
Large amounts are rounded for reading (NGN million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.
Financial statements
Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in NGN thousands unless the row says otherwise; brackets are negative.
† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table
Column sources
- FY2025 — audited financial statements, signed / final; reported for the year · source
- FY2024 — audited financial statements, signed / final; comparative in the FY2025 filing · source
Income statement
| Line (as printed) | FY2025Audited financial statementsreported for the year | FY2024Audited financial statementscomparative in FY2025 filing |
|---|---|---|
| Interest income calculated using the effective interest method | 1,622,098,837 | 1,321,581,659 |
| Interest income on financial assets at fair value through profit or loss | 31,064,917 | 20,220,004 |
| Interest expense | (392,576,914) | (283,215,490) |
| Net interest income | 1,260,586,840 | 1,058,586,173 |
| Loan impairment charges | (66,423,455) | (136,661,978) |
| Net interest income after loan impairment charges1 | 1,194,163,385 | 921,924,195 |
| Fee and commission income | 278,505,492 | 221,231,208 |
| Fee and commission expense | (34,115,259) | (31,519,796) |
| Net fee and commission income | 244,390,233 | 189,711,412 |
| Net trading gains on financial instruments held at fair value through profit or loss | 78,743,815 | 86,237,811 |
| Other income1 | 139,954,812 | 499,066,576 |
| Net impairment reversal/(charge) on other financial assets2 | 49,195,833 | (27,667,721) |
| Personnel expenses | (101,045,143) | (85,397,889) |
| Depreciation and amortisation3 | (89,521,485) | (58,032,825) |
| Other operating expenses | (284,800,124) | (259,595,486) |
| Profit before income tax | 1,231,081,326 | 1,266,246,073 |
| Income tax expense | (365,334,639) | (248,443,224) |
| Profit for the year | 865,746,687 | 1,017,802,849 |
| Non-controlling interests4 | 12,198,383 | 11,582,960 |
| Other comprehensive income for the year, net of tax | 9,831,002 | 121,480,208 |
| Total comprehensive income for the year | 875,577,689 | 1,139,283,057 |
Notes and alternative reported figures (4)
- “Net interest income after loan impairment charges” is an issuer-specific line, not mapped to a shared definition: Printed subtotal.
- “Net impairment reversal/(charge) on other financial assets” is an issuer-specific line, not mapped to a shared definition: Note 16.
- “Depreciation and amortisation” is an issuer-specific line, not mapped to a shared definition: Note 18: depreciation of property, equipment and right-of-use assets, and amortisation of intangibles.
- “Non-controlling interests” is an issuer-specific line, not mapped to a shared definition: Printed under 'Profit attributable to:'.
Balance sheet
| Line (as printed) | FY2025Audited financial statementsreported for the year | FY2024Audited financial statementscomparative in FY2025 filing |
|---|---|---|
| Cash and bank balances | 5,456,594,586 | 4,673,048,120 |
| Financial assets at fair value through profit or loss | 166,888,958 | 59,602,997 |
| Derivative financial assets | 203,746 | –1 |
| Fair value through profit or loss2 | 13,608,086 | 5,508,086 |
| Fair value through other comprehensive income | 3,375,161,201 | 2,495,063,888 |
| Held at amortised cost | 2,151,946,206 | 1,647,724,053 |
| Assets pledged as collateral3 | 119,009,036 | 114,570,075 |
| Loans and advances to banks | 83,633 | 87,794 |
| Loans and advances to customers | 3,132,215,466 | 2,785,664,040 |
| Restricted deposits and other assets4 | 2,736,489,314 | 2,574,084,654 |
| Investment in subsidiaries5 | –1 | –1 |
| Property and equipment, and Right of use assets6 | 465,569,377 | 330,232,049 |
| Intangible assets | 110,696,376 | 81,244,113 |
| Deferred tax assets | 32,686,270 | 28,876,962 |
| Total assets | 17,761,152,255 | 14,795,706,831 |
| Deposits from banks | 327,034,891 | 388,420,244 |
| Deposits from customers | 12,547,005,784 | 10,013,021,406 |
| Financial liabilities at fair value through profit or loss7 | 81,103,659 | 51,174,468 |
| Derivative financial liabilities | 495 | 10,759,624 |
| Other liabilities | 946,713,634 | 1,020,285,051 |
| Current income tax liabilities | 218,609,792 | 186,665,408 |
| Other borrowed funds | 82,235,607 | 310,021,046 |
| Deferred tax liabilities | 147,068,435 | 103,341,970 |
| Total liabilities | 14,349,772,297 | 12,083,689,217 |
| Share capital | 18,275,115 | 17,069,475 |
| Share premium | 500,604,865 | 329,229,161 |
| Treasury shares8 | (33,578,677) | (11,289,600) |
| Retained earnings | 1,718,423,706 | 1,319,841,616 |
| Regulatory risk reserves | 74,875,478 | 75,110,626 |
| Statutory reserves9 | 764,887,001 | 628,865,926 |
| Other components of equity | 334,156,300 | 296,430,677 |
| Capital and reserves attributable to equity holders of the parent entity | 3,377,643,788 | 2,655,257,881 |
| Non-controlling interests in equity | 33,736,170 | 56,759,733 |
| Total equity | 3,411,379,958 | 2,712,017,614 |
| Total liabilities and equity | 17,761,152,255 | 14,795,706,831 |
- Printed “-”, read as nil: subtotal_arithmetic: bs.total_assets.
Notes and alternative reported figures (8)
- “Fair value through profit or loss” is an issuer-specific line, not mapped to a shared definition: Note 25: investment securities at fair value through profit or loss, printed apart from 'Financial assets at fair value through profit or loss' (note 23).
- “Assets pledged as collateral” is an issuer-specific line, not mapped to a shared definition: Note 26.
- “Restricted deposits and other assets” is an issuer-specific line, not mapped to a shared definition: Note 33: restricted deposits (including with central banks) and other assets.
- “Investment in subsidiaries” is an issuer-specific line, not mapped to a shared definition: Note 29 (nil for the group; company columns not transcribed).
- “Property and equipment, and Right of use assets”: mapping to a shared definition is uncertain. One printed line for property and equipment and right-of-use assets together (note 30).
- “Financial liabilities at fair value through profit or loss” is an issuer-specific line, not mapped to a shared definition: Note 36.
- “Treasury shares” is an issuer-specific line, not mapped to a shared definition: Note 40 (deducted in equity).
- “Statutory reserves” is an issuer-specific line, not mapped to a shared definition: Note 40: statutory reserves of the banking subsidiaries.
Cash flow
| Line (as printed) | FY2025Audited financial statementsreported for the year | FY2024Audited financial statementscomparative in FY2025 filing |
|---|---|---|
| Profit after non-cash adjustments (unlabelled subtotal)1 | 61,837,557 | (43,937,817) |
| Net changes in operating assets and liabilities (unlabelled subtotal)2 | 1,720,505,258 | 782,376,532 |
| Interest received | 1,671,594,570 | 1,375,412,095 |
| Interest paid3 | (424,612,257) | (249,683,507) |
| Interest received less interest paid (unlabelled subtotal)4 | 1,246,982,313 | 1,125,728,588 |
| Operating cash flows before income tax paid (unlabelled subtotal)5 | 3,029,325,128 | 1,864,167,303 |
| Income tax paid | (301,281,345) | (124,320,990) |
| Net cash flows generated from/(used in) operating activities | 2,728,043,783 | 1,739,846,313 |
| Redemption of investment securities6 | 3,057,829,054 | 4,062,649,804 |
| Purchase of investment securities7 | (4,287,546,424) | (5,055,861,698) |
| Dividends received8 | 850,202 | 430,718 |
| Purchase of property and equipment and Right of use assets9 | (206,130,865) | (130,080,150) |
| Proceeds from the sale of property and equipment | 6,797,684 | 227,312 |
| Investment in Subsidiaries10 | –11 | –11 |
| Purchase of intangible assets | (49,095,739) | (55,196,356) |
| Net cash flows (used in)/from investing activities | (1,477,296,088) | (1,177,830,370) |
| Repayment of long term borrowings | (194,768,678) | (50,537,692) |
| Proceeds from long term borrowings | 66,719 | 254,785,709 |
| Purchase of treasury shares12 | (22,289,077) | (3,163,602) |
| Payment of lease liabilities | (2,923,981) | (8,433,577) |
| Proceeds from share issue13 | 173,434,775 | 209,495,785 |
| Transaction cost on issue of shares14 | (853,431) | (1,383,853) |
| Dividends paid to equity holders of the parent | (274,119,945) | (108,895,363) |
| Dividends paid to non-controlling interests15 | (651,595) | (446,481) |
| Acquisition of non-controlling interests16 | (51,736,072) | –17 |
| Net cash flows (used in)/from financing activities | (373,841,285) | 291,420,926 |
| Net (decrease)/increase in cash and cash equivalents | 876,906,410 | 853,436,869 |
| Cash and cash equivalents at beginning of the year | 4,401,589,919 | 2,005,936,198 |
| Effect of exchange rate fluctuations on cash held | 5,145,656 | 1,542,216,852 |
| Cash and cash equivalents at end of the year | 5,283,641,985 | 4,401,589,919 |
- Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
- Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (15)
- “Profit after non-cash adjustments (unlabelled subtotal)” is an issuer-specific line, not mapped to a shared definition: Unlabelled subtotal of profit and the adjustments (p76).
- “Net changes in operating assets and liabilities (unlabelled subtotal)” is an issuer-specific line, not mapped to a shared definition: Unlabelled subtotal of the 'Net changes in' lines (p76).
- “Interest paid” is an issuer-specific line, not mapped to a shared definition: Operating activities (note 39c(xi)): interest paid by the group (deposits and borrowings).
- “Interest received less interest paid (unlabelled subtotal)” is an issuer-specific line, not mapped to a shared definition: Unlabelled subtotal of interest received and interest paid (p76).
- “Operating cash flows before income tax paid (unlabelled subtotal)” is an issuer-specific line, not mapped to a shared definition: Unlabelled subtotal of working-capital changes, interest received and interest paid, printed above 'Income tax paid' (p76).
- “Redemption of investment securities” is an issuer-specific line, not mapped to a shared definition: Investing activities (note 39c(xiii)).
- “Purchase of investment securities” is an issuer-specific line, not mapped to a shared definition: Investing activities (note 39c(xiv)).
- “Dividends received” is an issuer-specific line, not mapped to a shared definition: Investing activities (note 15).
- “Purchase of property and equipment and Right of use assets”: mapping to a shared definition is uncertain. One printed line for property and equipment and right-of-use assets.
- “Investment in Subsidiaries” is an issuer-specific line, not mapped to a shared definition: Investing activities (nil for the group).
- “Purchase of treasury shares” is an issuer-specific line, not mapped to a shared definition: Financing activities (note 40).
- “Proceeds from share issue” is an issuer-specific line, not mapped to a shared definition: Financing activities (note 40).
- “Transaction cost on issue of shares” is an issuer-specific line, not mapped to a shared definition: Financing activities (note 40).
- “Dividends paid to non-controlling interests” is an issuer-specific line, not mapped to a shared definition: Financing activities (note 41).
- “Acquisition of non-controlling interests” is an issuer-specific line, not mapped to a shared definition: Financing activities (note 29).
Segments
Segment data not yet collected for this company in the pilot.
Dividends
Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.
| Year ended | Event | Wording as printed | Amount | Unit | Source |
|---|---|---|---|---|---|
| 31 Dec 2025 | Dividends paid (cash flow statement) | Dividends paid to equity holders of the parent |
(274,119,945) | NGN thousands | Audited financial statements, p77 |
| 31 Dec 2024 | Dividends paid (cash flow statement) | Dividends paid to equity holders of the parent |
(108,895,363) | NGN thousands | Audited financial statements, p77 |
Sources
Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.
-
Guaranty Trust Holding Company Plc. Audited Consolidated and Separate Financial Statements Together with Directors' and Auditor's Reports December 2025
Year ended 31 December 2025 · Audited financial statements · signed / final
Audit: Ernst & Young (Lagos, Nigeria), unmodified opinion · signed
Auditor's sign-off: Olumide Oshikoya, FRC/2013/PRO/ICAN/004/00000000663, for Ernst & Young
Final status: Independent auditor's report (scanned, PDF pp60-66) closed with the handwritten signature of Olumide Oshikoya (FRC/2013/PRO/ICAN/004/00000000663) for Ernst & Young, Lagos, the ICAN seal and the date 31 March 2026 (p66, page image). The statement of financial position states 'Approved by the Board of Directors on 27 January 2026' with the signatures of the Group CFO (Banji Adeniyi), the Group CEO (Segun Agbaje) and a non-executive director (Cathy Echeozo) (p69, page image).
- Document date
- 31 Mar 2026
- Auditor's report
- 31 Mar 2026
- Board approval
- 27 Jan 2026
- Retrieved by us
- 8 Oct 2026 (not a publication date)
- Used for
- statement columns FY2025, FY2024
- Basis
- consolidated statements · NGN thousands (printed “In thousands of Nigerian Naira”)
- Cash and cash equivalents in the cash-flow statement (5,283,641,985) differ from 'Cash and bank balances' (5,456,594,586); note 22(b) reconciles them (not transcribed).
- Text-layer artefacts (PDF pp68, 70, 71), checked on the page images: in the rows 'Financial liabilities at fair value through profit or loss', 'Other liabilities', 'Current income tax liabilities' and 'Other borrowed funds' (p68) the archived text extract places the note number (36, 37, 20, 39) between the Group Dec-2025 and Dec-2024 amounts; the pypdf text layer used for transcription prints note then amounts, matching the page. The text layer also holds label strings not printed on the page: 'Net impairment loss on financial assets' before the printed 'Net impairment reversal/(charge) on other financial assets' (p70) and a second copy of 'Net change in fair value of equity investments FVOCI' (p71). No hidden figures: every transcribed amount matches the printed page.
- The cover page reads 'Guaranty Trust Bank Plc and Subsidiary Companies' above 'Guaranty Trust Holding Company Plc.' (p1); every statement page is headed 'Guaranty Trust Holding Company and Subsidiary Companies' and the auditor's report is addressed to the shareholders of Guaranty Trust Holding Company Plc (p60).
Technical details
- File
- 336 pages, with a text layer
- SHA-256
4587b43be0f334198b0d7d4fc74b5644c7c937b68c1897b7a71bd2f2467b67c5- Entity as printed
- Guaranty Trust Holding Company Plc ("the Parent" or the "Company") and its Subsidiaries (the 'Group')
- Exchange copy
- retrieved 2026-10-08T17:59:53Z
Data notes
No figure-level notes beyond those in the tables.
Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (9 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.
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