Guaranty Trust Holding Company (GTCO) investor relations material

Executive summary

• Q1 2026 profit before tax reached N302.9bn, up 0.9% year-over-year, with profit after tax declining 15.4% to N218.1bn due to changes in earnings composition and increased share count following capital raises.

• Strong growth in core banking operations and ecosystem businesses, with a focus on sustainable earnings and technology-driven solutions across Nigeria and other African markets.

Financial highlights

• Interest income rose 17.5% year-over-year to N467.0bn, driven by higher earning asset volumes and growth in non-banking business verticals.

• Non-funded income fell 17.1% to N104.4bn, mainly due to a significant fair value loss on financial instruments and a sharp drop in other income.

• Net interest margin decreased by 70bps to 11.9% due to lower asset yields and improved cost of funds.

• Total assets increased 5.5% to N18.75trn, net loans rose 1.3% to N3.17trn, and deposit liabilities grew 6.3% to N13.69trn compared to FY 2025.

Outlook and guidance

• Management sees significant growth opportunities in payments, wealth management, and banking across Nigeria and other African markets, aiming for long-term value creation.