GTCO posts N879.9bn pre-tax profit
AI Executive Briefing
Gemini Flash AI~45s readGuaranty Trust Holding Company Plc (GTCO) recorded a profit before tax of N879.9bn for the first nine months of 2026. Despite facing N87.9bn in fair value losses, the group maintained growth in core earnings and expanded its deposit base.
Context & Background
- ✦The financial results were submitted to the Nigerian Exchange Group and the London Stock Exchange, reflecting the group's performance amidst shifting macroeconomic conditions.
- ✦Regulatory changes regarding Companies Income Tax impacted the group's capital allowance reliefs, affecting the final profit after tax figures.
Key Figures & Named Entities
•Segun Agbaje, Group Chief Executive Officer, emphasized the group's operational resilience and focus on scale and efficiency.•The group reported a capital adequacy ratio of 34.2 per cent and a cost-to-income ratio of 31.2 per cent.
Outlook & Next Steps
The group plans to continue optimizing risk-free returns, pursuing arbitrage opportunities, and evolving its digital platforms to meet customer needs while maintaining disciplined risk asset creation.
Key Takeaways
AI Summary- Guaranty Trust Holding Company Plc reported a profit before tax of N879.9bn for the nine months ended September 30, 2026.
- The group's total assets grew by 3.5 per cent to N18.37tn, while deposit liabilities increased by 8.6 per cent to N13.98tn.
- Asset quality improved significantly, with the non-performing loan ratio dropping to 4.0 per cent from 5.0 per cent in December 2025.
Key Facts:2025: GTCO reported a profit before tax of N900.8bn in the corresponding period of 2025.September 30, 2026: Total assets grew to N18.37tn as of September 30, 2026, up from N17.76tn in December 2025.
Editorial Excerpt
Guaranty Trust Holding Company Plc has reported a profit before tax of N879.9bn for the nine months ended September 30, 2026, in its latest financials.
Frequently Asked Questions About This Story
Why did the profit after tax decline compared to the previous year?
The decline to N614.6bn from N699.6bn was attributed to changes in Companies Income Tax regulations that impacted capital allowance reliefs.
What was the impact of fair value losses on the group's performance?
The group recognized a N87.9bn fair value loss during the period, which contributed to a 2.3 per cent moderation in profit before tax.
