Guaranty Trust Holding Company Plc (GTCO) has released its unaudited consolidated and separate financial statements for the first quarter (Q1) period ended March 31, 2025.
The results released to the Nigerian Exchange Limited (NGX) and London Stock Exchange (LSE) show the Group reported profit before tax (PBT) of N300.4billion on the back of strong performance posted on the core earnings lines of interest income which grew year-on-year (y-o-y ) by 41.1 percent and fee income up by 41.2 percent.
The strong performance enabled the group to douse the impact of the N331.6billion fair value gains recognised in Q1-2024 which did not recur in Q1-2025.