Key financial highlights:

• Interest income grew by 17.5% year-on-year.
• Fee income increased by 7.1% compared to Q1 2025.
• The loan book rose by 1.3%, reaching N3.17 trillion.
• Deposit liabilities expanded by 6.3%, totaling N13.69 trillion.
• Total assets amounted to N18.7 trillion.
• Shareholders’ funds closed at N3.6 trillion.
• The Capital Adequacy Ratio remained robust at 39.5%.

This impressive performance stems from various strategic initiatives within GTCO’s banking operations. The company has focused on improving its asset quality, as evidenced by the decline in IFRS 9 Stage 3 loans to 4.4% from 5.0% in December 2025. Additionally, the cost of risk showed significant improvement, dropping to 0.2% from a concerning 2.2% just months prior.

Mr. Segun Agbaje, the CEO of GTCO, emphasized that these results mark a defining shift in the quality and composition of their earnings. He stated, “We delivered solid growth across our core income lines, supported by disciplined execution and a well-diversified, strong, and healthy balance sheet.” This statement underscores the company’s commitment to sustainable growth.

But what does this mean for the future? Agbaje mentioned that GTCO sees significant headroom across payments, wealth management, and banking sectors not just in Nigeria but also across West and East Africa. The focus will remain on deepening customer relationships and leveraging technology to provide intuitive financial solutions.

This proactive approach positions GTCO favorably within an evolving financial landscape, yet uncertainties remain regarding how external economic factors might impact these growth trajectories moving forward.

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