The company noted that the 2024 performance, which recorded N1.27 trillion profit, was partly driven by N517.5 billion in fair value gains that did not recur in 2025.
Profit after tax declined from N1.02 trillion in 2024, reflecting the impact of fiscal policy changes, including withholding tax on short-term investment securities.
GTCO, however, said underlying earnings remained strong, supported by growth in core operating income.
Total assets rose to N17.8 trillion, while shareholders’ funds stood at N3.4 trillion.
The group’s capital adequacy ratio remained strong at 43.8 per cent.
Asset quality improved, with IFRS 9 Stage 3 loans declining to 3.4 per cent at the bank level and five per cent at the group level, from 3.5 per cent and 5.2 per cent in 2024.
Cost of risk moderated to 2.2 per cent from 4.9 per cent.
Net loans increased by 12.4 per cent to N3.13 trillion, while deposits rose by 23.8 per cent to N12.87 trillion.
Commenting on the results, the Group Chief Executive Officer, Mr Segun Agbaje, said the performance reflected the resilience of the group’s earnings base.
“Our 2025 results underscore the strength of our core earnings and our focus on building sustainable growth across our businesses.
“The dividend payout reflects both current performance and our confidence in the group’s long-term earnings potential,” he said.
He added that the group would continue to focus on innovation, expanding its ecosystem and delivering consistent value to shareholders.
