Guaranty Trust Holding Company Plc (GTCO) has announced an interim dividend of N11.76 kobo per 50 kobo ordinary share, reflecting a 67% increase over the N7.03 kobo final dividend paid in 2024.
The holding company had earlier paid an interim dividend of N1 per share, bringing the total dividend for 2025 to N12.76, up 59% from N8.03 in 2024. The final dividend is subject to withholding tax, to be deducted at payment, as outlined in the company’s audited financial statements.
GTCO has maintained a consistent dividend record. In 2024, it recorded the highest dividend per share among Nigerian banks. With the total dividend of N12.76, the stock now offers a dividend yield of 10.91%, making it attractive for income-focused investors.
In its 2025 financial year, GTCO reported a pre-tax profit of N1.23 trillion, a 2.78% decline from N1.27 trillion in 2024. Profit after tax fell 14.94% to N865 billion, down from the record N1 trillion, while earnings per share dropped 28% to N25.42 kobo from N35.44 kobo.
Despite the dip in profits, interest income rose to N1.6 trillion from N1.3 trillion. Loans and advances to customers contributed N559.3 billion, while investment securities added N489.4 billion at FVOCI and N269.2 billion at amortized cost. After interest expenses of N392.5 billion, net interest income reached N1.26 trillion, up from N1.05 trillion. Impairment charges narrowed to N66.4 billion, leaving net interest income after impairments at N1.19 trillion.
Non-interest income was also strong, with fees and commissions rising 28.8% to N244.3 billion, while gains on tradable financial instruments contributed N78.7 billion, and other income, largely from recoveries and FX revaluation gains, added N139.9 billion.
However, operating expenses—including personnel costs of N101 billion, depreciation of N89.5 billion, and other expenses of N284.8 billion—kept pretax profit flat at N1.23 trillion, and after-tax earnings stood at N865.7 billion.
On the balance sheet, total assets grew to N17.7 trillion from N14.7 trillion, led by investment securities of N5.5 trillion and cash and bank balances of N5.4 trillion. Loans and advances rose 12.44% to N3.1 trillion. Total liabilities climbed to N14.3 trillion, with customer deposits forming N12.5 trillion. Equity increased to N3.4 trillion, supported by retained earnings of N1.7 trillion.
GTCO’s performance highlights its resilience and commitment to shareholders, even amid profit fluctuations, cementing its position as a leading dividend-paying bank in Nigeria.
