Guaranty Trust Holding Company (GTCO) investor relations material

Executive summary

• Delivered resilient H1 2026 results with PBT of ₦603.03bn, up 0.4% YoY, despite fair value and derivative losses of ₦46.21bn compared to a ₦6.5bn gain in H1 2025.

• Achieved growth across all core revenue lines: banking, fund management, pension, and payments.

• Non-banking businesses' PBT contribution rose to 2.6% from 1.4% YoY, driven by 60.6% AUM growth in fund management and 25.1% in pensions.

• Maintained strong profitability with ROAA of 4.6%, ROAE of 24.6%, and EPS of ₦11.8.

• Share price increased 37.8% YoY to ₦125.00.

Financial highlights

• Total assets grew 4.81% YoY to ₦18,616.1bn; total deposits up 10.25% to ₦14,193.7bn.

• Net loans and advances rose 0.48% YoY to ₦3,147.3bn.

• Gross earnings up 3.25% YoY to ₦1,107.48bn; PAT down 7.76% YoY to ₦414.19bn.

• Cost-to-income ratio remained low at 31.51%; capital adequacy ratio at 34.86%; liquidity ratio at 46.02%.

• NIM moderated to 11.8% from 12.27% YoY; cost of funds improved to 1.83%.

Outlook and guidance

• FY 2026 guidance: PBT ₦1.4tn, loan growth 25%, deposit growth 400%, NPL ratio 4%, cost-to-income ratio 30%, NIM 11%.

• Focus on digital innovation, ecosystem expansion, and disciplined cost management.

• Continued investment in technology and customer experience to drive growth.