GTCO's fintech, asset and pension units drive N15.94bn profit jump in H1 2026
GTCO's three non-banking subsidiaries—HabariPay, GT Fund Managers and GT Pension Fund Administrator—together earned N15.94 billion profit before tax in the first half of 2026, up 85% from N8.62 billion in H1 2025. HabariPay led with N7.81 billion PBT (a 94% jump), GT Fund Managers delivered N7.21 billion PBT (almost double), and the pension arm added N927.84 million PBT, based on the Group's audited financial statements for the six months ended June 30 2026.
This matters because it shows GTCO's diversification beyond traditional banking is paying off; fintech, wealth management and pension administration are becoming material contributors to Group earnings, even though they still represent a small slice of the bank's total N603.03 billion PBT. The asset bases also expanded sharply—HabariPay's assets rose to N23.18 billion, GT Fund Managers' assets surged to N1.42 trillion, and GT Pension Fund Administrator's assets reached N16.33 billion—indicating strong investor participation and scale.
For investors or anyone tracking the Nigerian financial sector, the takeaway is that GTCO's growth story is increasingly tied to these non-banking arms. Watch whether the subsidiaries keep outpacing the bank's core business, consider how fintech and asset-management trends might affect share value, and note that the Group now values its pension arm at N17.63 billion, the fund manager at N4.04 billion and HabariPay at N3.10 billion in its books.