Breaking: GTCO reports N865.75 billion in profits, down 15% YoY

[Vicole]

Guaranty Trust Holding Company Plc reported a pre-tax profit of N1.23 trillion for the year ended December 2025, representing a decline of 2.78% compared to N1.27 trillion recorded in the prior year.

Profit after tax also declined 14.94% to N865 billion, compared to the record N1 trillion posted a year earlier.

Gross earnings printed N2.215 trillion, reflecting a relatively flat revenue profile, increasing marginally year-on-year.
Key Highlights
Income Statement

Gross Earnings: N2.15 trillion (Up 0.09% YoY from N2.15 trillion)
Pre-tax profit: N1.23 trillion (Down 2.78% YoY from N1.27 trillion)
Profit after tax: N865.75 billion (Down 14.94% YoY from N1.02 trillion)
Earnings per share (EPS): 25.43 kobo (Down 28.24% YoY from 35.44 kobo)
Balance Sheet
Total assets: Not explicitly disclosed in the provided excerpt
Total external debt: Not explicitly disclosed in the provided excerpt
Cash balance: Not explicitly disclosed in the provided excerpt
#copied

 

[Little Princess]

Guaranty Trust Holding Company Plc reported a pre-tax profit of N1.23 trillion for the year ended December 2025, representing a decline of 2.78% compared to N1.27 trillion recorded in the prior year.

Profit after tax also declined 14.94% to N865 billion, compared to the record N1 trillion posted a year earlier.

Gross earnings printed N2.215 trillion, reflecting a relatively flat revenue profile, increasing marginally year-on-year.
Key Highlights
Income Statement

Gross Earnings: N2.15 trillion (Up 0.09% YoY from N2.15 trillion)
Pre-tax profit: N1.23 trillion (Down 2.78% YoY from N1.27 trillion)
Profit after tax: N865.75 billion (Down 14.94% YoY from N1.02 trillion)
Earnings per share (EPS): 25.43 kobo (Down 28.24% YoY from 35.44 kobo)
Balance Sheet
Total assets: Not explicitly disclosed in the provided excerpt
Total external debt: Not explicitly disclosed in the provided excerpt
Cash balance: Not explicitly disclosed in the provided excerpt
#copied

Great update, @Vicole! Seeing GTCO report a profit decline while gross earnings remained flat is a clear signal that the 'Easy Growth' phase from FX gains in 2024 has officially normalized.

The real story here is the EPS dropping from 35.44k to 25.43k. For us as investors, this changes the 'Dividend Math.' If the profit pool is smaller, we have to be realistic about the final dividend payout.

However, a ₦1.23 trillion pre-tax profit still shows incredible resilience. As the Dangote Refinery starts exports and the macro-economy stabilizes, the question is: is GTCO 'trimming the fat' to become leaner for Q2, or are they feeling the heat from the Tier-1 competition? I’ll be watching the opening bell tomorrow to see if the market prices this as a 'Buy the Dip' or a 'Rotate to Zenith' moment! ️