GTCO reports N865.75bn profit, declares N12.76 dividend for 2025
GTCO reported audited 2025 results: profit after tax N865.75 billion and declared N12.76 per share dividend. Profit before tax reached N1.23 trillion, supported by 23.2% growth in interest income and 25.9% rise in fee income year-on-year. However, profit after tax declined from N1.02 trillion in 2024, largely because the prior year included N517.5 billion in fair value gains that did not recur, plus new withholding tax on short-term securities.
The results matter because they reveal underlying strength despite the profit drop. Total assets grew to N17.8 trillion and shareholders' funds to N3.4 trillion, with capital adequacy ratio at a robust 43.8%. Asset quality improved significantly: IFRS 9 Stage 3 loans fell to 3.4% at bank level and 5% group-wide. Net loans increased 12.4% to N3.13 trillion while deposits surged 23.8% to N12.87 trillion. Cost of risk moderated to 2.2% from 4.9%.
CEO Segun Agbaje emphasized resilience and focus on sustainable growth, with dividend reflecting confidence in long-term earnings. For shareholders, the N12.76 dividend offers tangible return. For potential investors, the strong capital base and deposit growth signal stability. Given GTCO's solid fundamentals, will this strengthen your confidence in Nigeria's banking sector and influence your investment or banking choices?