Guaranty Trust Holding Company Plc has declared an interim dividend of N11.76 kobo per 50 kobo ordinary share, representing a 67% increase compared to the N7.03 kobo final dividend paid in 2024.
The Holding company had paid an interim dividend of N1 per share, bringing the total dividend to N12.76; 59% higher than the total dividend of N8.03% for 2024.
The final dividend is subject to a withholding tax and will be deducted at the time of payment as stated in the audited financial statements
The disclosure is as contained in the 2025 audited financial statements just released
What you need to know
GTCO has been consistent in dividend payments. In 2024, it paid the highest dividend per share of N8.03 among the banks
With the total dividend of N12.76, the stock offers a dividend yield of 10.91%
2025 financial performance
In the 2025 financial year, it reported a pre-tax profit of N1.23 trillion, a 2.78% decline compared to N1.27 trillion in the previous year.
Similarly, the profit after tax declined by 14.94% to N865 billion, down from the record N1 trillion posted in 2024, while earnings per share also saw a decline of 28%, falling to N25.42 kobo from N35.44 kobo in 2024.
However, the Bank’s interest income rose to N1.6 trillion from N1.3 trillion in the previous year.
- Loans and advances to customers made up the largest portion, totaling N559.3 billion of the interest income.
- Investment securities contributed N489.4 billion at FVOCI and N269.2 billion at amortized cost.
After accounting for an interest expense of N392.5 billion, up 38.6%, net interest income settled at N1.26 trillion, rising from N1.05 trillion the previous year.
- Impairment charges narrowed significantly to N66.4 billion from N136.6 billion previously, leaving net interest income after impairments at N1.19 trillion.
On the non-interest side, fees and commissions increased to N278.5 billion, and after N34.1 billion in related expenses, the net amount stood at N244.3 billion, up 28.8% YoY.
The group also earned N78.7 billion from holding gains on tradable financial instruments and reported N139.9 billion in other income, largely driven by recoveries and FX revaluation gains.
However, rising personnel expenses of N101 billion, depreciation and amortization of N89.5 billion, and other operating expenses of N284.8 billion pressured earnings, leaving pretax profit flat at N1.23 trillion, with N865.7 billion after tax.
Balance sheet
On the balance sheet, total assets increased to N17.7 trillion from N14.7 trillion in the previous year.
- Investment securities formed the largest portion at N5.5 trillion, followed by cash and bank balances of N5.4 trillion, while loans and advances to customers rose 12.44% to N3.1 trillion.
Total liabilities spiked from N12.08 trillion to N14.3 trillion, with customer deposits making up N12.5 trillion of the obligations.
Equity rose to N3.4 trillion from N2.7 trillion, supported mainly by retained earnings, which increased to N1.7 trillion from N1.3 trillion the previous year.
