Guaranty Trust Holding Company Plc (GTCO) has announced a remarkable pre-tax profit of N15.94 billion from its three non-banking subsidiaries for the first half of 2026. This performance underscores the increasing significance of its fintech, asset management, and pension businesses in contributing to the Group's overall earnings.
The impressive results stem from HabariPay Limited, Guaranty Trust Fund Managers Limited (GT Fund Managers), and Guaranty Trust Pension Managers Limited (GT Pension Fund Administrator). Collectively, these subsidiaries achieved an 85% increase in pre-tax profit from N8.62 billion in H1 2025, largely driven by robust growth at HabariPay and GT Fund Managers.
Strong Growth from HabariPay
HabariPay, GTCO's fintech subsidiary, led the charge with a staggering 94% increase in profit before tax, reaching N7.81 billion, up from N4.02 billion a year earlier. Operating income surged to N9.44 billion, reflecting the subsidiary's strong market position and operational efficiency.
GT Fund Managers' Earnings Surge
GT Fund Managers also nearly doubled its earnings, with profit before tax climbing to N7.21 billion from N3.71 billion in H1 2025. This growth was attributed to a significant increase in operating income, which rose to N8.83 billion during the same period.
Steady Performance in Pension Sector
GT Pension Fund Administrator showed more modest growth, with profit before tax rising slightly to N927.84 million. Despite the slower pace, it highlights the steady performance of the pension business within GTCO's diversified portfolio.
The results reflect GTCO's strategic shift beyond traditional banking, with its non-banking subsidiaries playing a crucial role in the Group's diversification and growth strategy. As these sectors continue to expand, they are expected to contribute increasingly to GTCO's financial performance in the future.