The three non-banking subsidiaries of Guaranty Trust Holding Company Plc (GTCO) recorded a mixed profit earlier than tax of N23.88 billion within the 9 months ended September 30, 2026, representing a 70% improve from N14.08 billion reported within the corresponding interval of 2025.
The progress was pushed by stronger earnings at HabariPay Limited and Guaranty Trust Fund Managers Limited, whereas Guaranty Trust Pension Fund Administrator recorded a modest improve in profit.
According to GTCO’s monetary statements, their mixed profit after tax rose by roughly 60% to N22.39 billion from N13.97 billion a yr earlier.
The subsidiaries’ mixed pre-tax profit accounted for about 2.7% of GTCO’s consolidated profit earlier than tax of N879.90 billion, in contrast with roughly 1.6% within the corresponding interval of 2025. The group’s general profit earlier than tax declined from N900.80 billion.
HabariPay profit rises 72%
HabariPay, GTCO’s funds subsidiary, recorded a 72% improve in profit earlier than tax to N11.23 billion from N6.53 billion within the corresponding interval of 2025.
- Operating earnings rose 47% to N13.88 billion from N9.43 billion, whereas working bills declined by roughly 9% to N2.64 billion from N2.89 billion.
- The subsidiary recorded no tax cost in both interval, leaving its profit after tax at N11.23 billion for the 9 months.
As of September 30, 2026, HabariPay had whole belongings of N26.75 billion, fairness of N25.61 billion and liabilities of N1.15 billion.
GT Fund Managers profit grows 82% as belongings below administration double
Guaranty Trust Fund Managers recorded the strongest progress in profit earlier than tax among the many three subsidiaries, with earnings rising 82% to N11.24 billion from N6.17 billion a yr earlier.
- Operating earnings elevated 77% to N14.09 billion from N7.97 billion, outpacing the 59% rise in working bills to N2.85 billion from N1.80 billion.
- However, the subsidiary’s tax cost elevated considerably to N1.50 billion from N105.98 million, leaving profit after tax at N9.74 billion, up 61% from N6.06 billion.
The firm’s whole belongings stood at N1.50 trillion as of September 30, 2026, together with N1.47 trillion in buyer deposits reported on its steadiness sheet. Shareholders’ fairness stood at N24 billion.
Assets below administration rise 101%
GT Fund Managers’ belongings below administration (AUM) greater than doubled to N901.30 billion on the finish of September 2026 from N449.43 billion on the finish of December 2025, representing progress of roughly 101%.
- The Guaranty Trust Money Market Fund accounted for the biggest improve, with its belongings rising to N678.65 billion from N301.25 billion.
- The Guaranty Trust Dollar Fund additionally expanded, with belongings growing to N164.79 billion from N123.89 billion over the identical interval.
The progress in belongings below administration factors to an growth within the funds managed by the subsidiary, alongside the rise in its working earnings and profitability.
GT Pension information modest profit progress
Guaranty Trust Pension Fund Administrator recorded a 3% improve in profit earlier than tax to N1.41 billion from N1.37 billion within the corresponding interval of 2025.
- Operating earnings rose 9% to N3.27 billion from N2.99 billion, whereas working bills elevated 15% to N1.86 billion from N1.62 billion.
- With no tax cost recorded in both interval, profit after tax additionally stood at N1.41 billion.
- The pension subsidiary remained the smallest contributor to the three firms’ mixed pre-tax earnings. Its working bills consumed roughly 57% of working earnings, in contrast with 54% a yr earlier.
- Despite the modest profit improve, funds below administration expanded to N198.97 billion on the finish of September 2026 from N151.06 billion on the finish of December 2025, representing progress of roughly 32%.
- Fund II, the biggest retirement financial savings account class reported, grew to N95.80 billion from N73.05 billion. Privately managed accepted present schemes additionally elevated to N62.47 billion from N49.28 billion.
The outcomes present that GTCO’s non-bank companies recorded stronger mixed earnings, supported primarily by funds and fund administration, whereas the pension subsidiary delivered slower profit progress alongside an growth in funds below administration.
