Guaranty Trust Holding Company Plc · NSENG:GTCO
Guaranty Trust — H1 2026 Earnings Presentation
65 slides from Guaranty Trust's earnings presentation, June 2026
Slide 1: HY 2026 – a diversified financial Services Group
HY 2026 ..a diversified financial Services Group
Slide 2: Outline
01 The GTCO Story Outline 02 Group Performance Highlights 03 Operating Environment 04 Business Areas Review 05 Non-Financial Highlights 06 Guidance & Plans 07 Appendix
Slide 3: The GTCO Story
The GTCO Story
Slide 4: Who We Are
Who We Are We are an African financial institution, shaping the future of finance in Africa by empowering people, facilitating business growth, and developing communities on a foundation of strong governance principles. We are one of Africa’s leading financial services institutions, driven by a culture
Slide 5: Group Overview
The GTCO Story IPO in 2001. Reorganized for growth into a Holding Company Structure. Universal banking license in 2001. Launched a Payment fintech in We have evolved from a pure-play Started operations in Cote 2021, followed by Wealth Management and Pension Group Overview Banking franchise to become
Slide 6: GTCO at a Glance
The GTCO Story GTCO at a Glance GTCO brings together a leading banking franchise and high-growth businesses across funds management, pensions and payments, creating a diversified platform with multiple avenues for value creation. The strength of the Group is reflected in its scale, profitability, efficie
Slide 7: Strong Ratings Within Peer Group
The GTCO Story Strong Ratings Within Peer Group Best-in-Class ratings within peers at B-/B- (with both stable outlook) from Fitch and S&P respectively(1) Group Overview National Rating Foreign Currency Rating Rating Agency Year Long-Term Short-Term Long-Term Short-Term Outlook Rating Rating IDR IDR
Slide 8: A Diversified Financial Services Platform, Built for Growth and Reliability
The GTCO Story A Diversified Financial Services Platform, Built for Growth and Reliability From Banking to Funds Management, Pensions to Payments, we are building a connected ecosystem that brings together complementary financial services, expands access and creates lasting value for individuals and b
Slide 9: Strategic Priorities – Diversifying Earnings and Building the Next Engine of Growth
The GTCO Story Strategic Priorities – Diversifying Earnings and Building the Next Engine of Growth Proudly African, Group Overview Connected Diversified Scale Truly International Group Performance Highlights Environment Operating Business Areas Review Unlock and leverage Deliver at scale and Elevate
Slide 10: Resilient and Diversified Business Model
The GTCO Story Resilient and Diversified Business Model We operate a proven, innovation-led model anchored by a consistent and disciplined strategic framework. Group Overview Connected Proudly African, Diversified Scale Truly International Group Performance Highlights Built on Trust, Driven Built for
Slide 11: Corporate Structure and Geographic Spread
The GTCO Story Corporate Structure and Geographic Spread GTCO comprises its principal banking franchise alongside its fast-growing non-banking businesses Group Overview Guaranty Trust Holding Company Plc Group Performance Highlights Guaranty Trust Bank Ltd Guaranty Trust Funds Guaranty Trust Pension
Slide 12: Group Performance Highlights
Operating Group Performance Group Overview The GTCO Story Guidance & Plans Non-Financial Business Areas Review Environment Highlights for 2025 Highlights Group Highlights Performance
Slide 13: Strong Growth in Earning Assets, Improvement in Asset Quality
The GTCO Story Strong Growth in Earning Assets, Improvement in Asset Quality ● The Group closed H1-2026 with a PBT of ₦603.3bn, up 0.4% YoY, despite significant earnings headwind from fair value and derivative movements, which Group Overview moved from a ₦6.5bn gain in HY 2025 to a ₦46.21bn loss in H
Slide 14: Half Year 2026 Results in Context - Building on Core Strengths
The GTCO Story Half Year 2026 Results in Context - Building on Core Strengths GTCO continues to deliver standout performance across African banking and financial services Group Overview Group Performance Investment Highlights Total assets Total deposits Net loans & PBT Securities Operating Income adv
Slide 15: Balance Sheet Composition – Growth in Deposit and Loans
The GTCO Story Balance Sheet Composition – Growth in Deposit and Loans, Well-diversified Asset Base Group Overview Loans, Deposits, Total Assets (₦'Bn) Components of Asset Base (₦'Bn) Group Performance Highlights Environment Operating Business Areas Review ▪ Strengthened the Group’s funding and asset
Slide 16: Balance Sheet Composition – Robust Asset Mix, Resilient Funding Structure
The GTCO Story Balance Sheet Composition – Robust Asset Mix, Resilient Funding Structure Group Overview Funding Mix (₦'Bn) ▪ Customer deposits remained the Group’s primary funding source, accounting for 76.2% of total funding, with CASA comprising 81.7% of Group Performance the deposit base and term
Slide 17: PBT Trend - Anchored on Core Earnings
The GTCO Story PBT Trend - Anchored on Core Earnings, Positioned to Sustain Strong Profitability Performance Return on Average Assets & Equity Group Overview PBT (₦'Bn) Group Performance Highlights Environment Operating Business Areas Review ▪ The Group’s diversified income base continues to sustain p
Slide 18: Revenue Generation – Diversified Revenue Base
The GTCO Story Revenue Generation – Diversified Revenue Base; Core Earnings Remain Very Strong ▪ Interest income increased 7.5%, supported by continued expansion in earning assets and a 55.0% increase in income from placements, which partly cushioned the 80bps moderation in earning-asset yield. ▪ Non
Slide 19: Margin Metrics – Sustained Competitive Margins
The GTCO Story Margin Metrics – Sustained Competitive Margins Net Interest Margin Yield on Interest-Earning Assets Group Overview Group Performance Highlights Environment Operating Cost of Funds Business Areas Review ▪ NIM moderated to 11.80% in H1-2026 from 12.27% as of H1-2025 as yield on the earn
Slide 20: Expenses Overview – Driving Operating Efficiency
The GTCO Story Expenses Overview – Driving Operating Efficiency Overview of Expenses (₦’Bn) Cost to Income Ratio (CIR) Group Overview Group Performance Highlights Environment Operating Expense Drivers Operating Expenses (OPEX) (₦’Bn) Business Areas Review ▪ Increased operating cost in Nigeria, West an
Slide 21: OPEX - Sustaining Cost Discipline While Investing for Growth
The GTCO Story OPEX - Sustaining Cost Discipline While Investing for Growth Group Group In billions of Naira HY 2026 HY 2025 Change (Y-o-Y) % Change (Y-o-Y) Depreciation and Amortization 54.31 38.29 16.02 41.83% Group Overview AMCON Expenses 55.86 50.85 5.01 9.85% Occupancy Costs and Repairs & Maint
Slide 22: Risk Asset Mix - Strength in Quality
The GTCO Story Risk Asset Mix - Strength in Quality ▪ The Group maintained a broadly diversified loan portfolio, with exposures distributed across energy, retail, agriculture, manufacturing, financial institutions and other key sectors, supporting portfolio resilience. Group Overview ▪ Midstream secto
Slide 23: Improved Asset Quality - Strengthening Portfolio Resilience
The GTCO Story Improved Asset Quality - Strengthening Portfolio Resilience Loan Impairment Charge (₦’Bn) Gross Loans Staging (₦’Bn) Group Overview Group Performance Highlights Environment Operating Business Areas Review Non-Financial Highlights ▪ Strong Asset quality with contribution of stage 2 loa
Slide 24: Asset Quality - Underpinned by Disciplined Credit Practices
The GTCO Story Asset Quality - Underpinned by Disciplined Credit Practices and Risk Controls ▪ The Group’s IFRS 9 stage 3 loans closed at 4.6% (Bank: 3.5%) in H1-2026 from 5.0% 229.91% 138.70% 124.13% 106.91% 103.83% (Bank: 3.4%) in FY-2025. Construction and Real estate and education emerged as Grou
Slide 25: Strong Capital Ratio - Sustaining Robust Capital Buffers
The GTCO Story Strong Capital Ratio - Sustaining Robust Capital Buffers Capital Adequacy Ratio (Basel II) TheGroup ▪▪ The Groupcontinued remained to well-capitalised, with Capital maintain strong capital Adequacy positions Ratio with Capital (CAR) Adequacy sustained at a34.86%; 34.9%; 1,986bps 1900bp
Slide 26: Liquidity Ratio - Strong Liquidity Position
The GTCO Story Liquidity Ratio - Strong Liquidity Position Group Overview Group Performance ▪ The Group maintained a robust liquidity position, with Highlights the Liquidity Ratio at 46.02% in HY 2026, comfortably above the 30% regulatory minimum, providing a strong buffer to meet obligations and sup
Slide 27: Banking and Non-Banking Subsidiary Overview
The GTCO Story Banking and Non-Banking Subsidiary Overview Well-integrated banking and non-banking businesses create a diversified financial services ecosystem Millions of Naira Assets Loans Total Deposit PBT Group Overview HY 2026 FY 2025 % Change HY 2026 FY 2025 % Change HY 2026 FY 2025 % Change HY
Slide 28: Operating Environment
Operating Group Performance Group Overview The GTCO Story Guidance & Plans Non-Financial Business Areas Review Environment Highlights for 2025 Highlights Operating Environment
Slide 29: Global Currency Review
The GTCO Story Global Currency Review Global currency markets reflected divergent macroeconomic conditions during the first half of 2026, driven by geopolitical tensions, monetary policy divergence and shifting capital flows. The U.S. Dollar Index (DXY) appreciated by 2.9% to 101.19, supported by safe
Slide 30: Global Interest Rates and Inflation Highlights
The GTCO Story Global Interest Rates and Inflation Highlights Interest Rate Inflation Rate Group Overview Global interest rates remained elevated during H1 2026 as central banks prioritized inflation Global inflationary pressures re-emerged during H1 2026 as geopolitical tensions and higher control amid
Slide 31: Sub-Saharan Africa Interest Rates and Inflation Highlights
The GTCO Story Sub-Saharan Africa Interest Rates and Inflation Highlights Interest Rate Inflation Rate Central banks across Sub-Saharan Africa adopted a cautiously accommodative stance during H1 2026 as Inflation across Sub-Saharan Africa remained relatively contained during H1 2026 despite renewed glo
Slide 32: Nigeria Macroeconomic Review
Nigeria Macroeconomic Review The GTCO Story The Nigerian Treasury Bills market remained resilient in H1 2026, with the federal government Nigeria's inflation remained on a broad disinflation path during H1 2026 despite a temporary uptick raising ₦14.4 trillion, representing 75% of total domestic borro
Slide 33: Nigeria Crude oil Production Review
Nigeria Crude oil Production Review The GTCO Story Nigeria’s crude oil market was volatile in H1 2026, with Brent averaging US$87.50/bbl. Prices Nigeria’s oil production improved in H1 2026, with output rising from 1.63mbpd in January rose from US$60.75/bbl in January to a peak of US$118.00/bbl in M
Slide 34: World Economy Outlook
The GTCO Story World Economy Outlook Global Sub-Saharan West Africa East Africa Africa Group Overview Group Performance Highlights GDP Growth: Global growth is projected at GDP Growth: Sub-Saharan Africa’s growth GDP Growth: West Africa’s growth is GDP Growth: East Africa remains Africa’s 3.3% in 20
Slide 35: Nigerian Financial Services Regulatory Environment Overview
The GTCO Story Nigerian Financial Services Regulatory Environment Overview Policy continuity, enhanced transparency and successful recapitalisation strengthened investor confidence and market resilience. Group Overview Q1 Q2 ● Government approved the 2026 Fiscal Policy Measures to boost local ● CBN c
Slide 36: Banking
Banking
Slide 37: Banking Business Vertical
The GTCO Story Banking Business Vertical Strengthening the Core Banking Franchise. Group Overview Proudly African, Connected Truly International Diversified Scale Group Performance Highlights Environment Operating Business Areas Obsessive Low cost operator Enhancing digital Regulatory Strengthening
Slide 38: Banking Group Performance - HY 2026
The GTCO Story Banking Group Performance - HY 2026 Strong Pan-African Franchise with deep Footprint Across Africa’s Key Growth Markets Group Overview (‘₦Bn) (PBT‘₦Bn) Return on Average Assets & Equity Group Performance Highlights Environment Operating Business Areas Review Non-Financial Highlights G
Slide 39: Business Segments Review
The GTCO Story Business Segments Review A dominant retail franchise complemented by strong Corporate, SME and Commercial Banking capabilities. Group Overview Segment Performance Wholesale & Corporate Banking: Large corporates, multinationals, major energy, telecoms, and maritime companies, embassies
Slide 40: Digital Banking Review - Value
The GTCO Story Digital Banking Review - Value Digital Channels Driving Transaction Growth Group Overview GTWorld POS Bank 737 GAPS/GAPS Lite Naira Cards Dollar Cards Pay With Transfer Group Performance Highlights 26.70tr 1.50tr 412.85bn 14.42tr 6.91tr $229.20M 1.11tr HY 2026 HY 2026 HY 2026 HY 2026
Slide 41: Digital Banking Review - Volume
The GTCO Story Digital Banking Review - Volume Driving Growth Through Digital Channels Group Overview GTWorld POS Bank 737 GAPS/GAPS Lite Naira Cards Dollar Cards Pay With Transfer Group Performance Highlights 337.4M 50.30M 42.33M 8.69M 278.13M 1.45M 20.08M HY 2026 HY 2026 HY 2026 HY 2026 HY 2026 HY
Slide 42: Banking Subsidiaries Overview
The GTCO Story Banking Subsidiaries Overview - Reinforcing the Group’s Strategic Positioning across key African markets and the UK Group Overview ▪ 240 branches, 18 e-branches; 14 cash centres ▪ HY 2026 Gross Earnings: N732.82bn (HY 2025: N697.69bn) Group Performance Nigeria ▪ HY 2026 PBT: N468.68bn
Slide 43: Fund Managers
Fund Managers
Slide 44: Fund Managers Business Vertical
The GTCO Story Fund Managers Business Vertical Fast Growing Fund Management Business Group Overview Proudly African, Connected Diversified Scale Truly International Group Performance Highlights Environment Operating Business Areas Expanding Governed by Review Strong driver of value Trusted to deliver
Slide 45: Financial Highlights—AUM Growth Supports Resilient Revenue and Profitability
The GTCO Story Financial Highlights—AUM Growth Supports Resilient Revenue and Profitability Group Overview 7,210,136.6 105,933,066.1 Group Performance CAGR 23.57% Highlights Y-O-Y 94.50% CAGR 71.07% Y-O-Y 3,821,503.5 3,706,185.0 287.00% Environment Operating 27,372,799.8 21,158,664.9 Business Areas R
Slide 46: Financial Highlights— Sustained AUM Growth and Client Diversification
The GTCO Story Financial Highlights— Sustained AUM Growth and Client Diversification Group Overview 2,117.8 Group Performance Highlights 223.83% 60.55% 1,319.1 Environment Operating 654.0 Business Areas Review Non-Financial Highlights AUM Growth y-o-y (₦’Bn) AUM Composition ▪ AUM growth supported by
Slide 47: Financial Highlights—Portfolio Mix Shifts Toward Local-Currency
The GTCO Story Financial Highlights—Portfolio Mix Shifts Toward Local-Currency and Money Market Assets Group Overview Group Performance Highlights ▪ Portfolio allocation continued to evolve, with increased positioning in local-currency and money market investments, Environment Operating alongside a
Slide 48: Financial Highlights—Disciplined costs and improving returns
Financial Highlights—Disciplined costs and improving returns Return on Average Assets & Equity Cost to income ▪ Efficient cost management reflected in a competitive cost-to-income ratio, with improving ROAE underpinned by growing scale and execution discipline. 48
Slide 49: Pension Managers
Pension Managers
Slide 50: Pension Managers Business Vertical
Pension Managers Business Vertical A Digital-First Approach to Building a Pension Business Proudly African, Connected Diversified Scale Truly International Unlocking and Redefining Pension for Making Retirement Optimising Investment leveraging ecosystem Building Talent and a New Generation of Planning
Slide 51: Financial Highlights—Sustained operating income growth drives PBT expansion
The GTCO Story Financial Highlights—Sustained operating income growth continues to drive PBT expansion Group Overview CAGR CAGR 7.89% 14.19% Y-O-Y Group Performance 927.8 Y-O-Y Highlights 900.2 3.09% 2,148.2 9.72% 1,957.8 738.7 1,442.8 Environment Operating Business Areas Review Non-Financial Highli
Slide 52: Financial Highlights—Growing AUM with a diversified mix
The GTCO Story Financial Highlights—Growing AUM with a diversified mix Group Overview 189.0 Group Performance 287.38% Highlights 25.14% 151.1 Environment Operating 48.8 Business Areas Review Non-Financial Highlights AUM Growth Y-O-Y (₦’Bn) AUM Composition ▪ Strong and sustained AUM growth reflects rec
Slide 53: Payment Fintech
Payment Fintech
Slide 54: Differentiated Fintech Positioning – Best-in-Class Payment Solutions
The GTCO Story Differentiated Fintech Positioning – Best-in-Class Payment Solutions That Help Businesses Grow Sw es Group Overview itc r vic hi - Airtime and SMS Se ng de d Se - Cards (POS/Web/ATM) - Biller API d rv ice - Short code services (USSD) eA s - Transfers lu Va Group Performance Highlights
Slide 55: Financial Highlights—Scaling adoption and diversified revenue streams
The GTCO Story Financial Highlights—Scaling adoption and diversified revenue streams underpin sustained growth Group Overview Y-O-Y Y-O-Y 94.31% 88.32% 7,808.8 Group Performance 9,538.2 Highlights CAGR CAGR 50.16% 55.77% Environment Operating 5,065.0 4,018.7 2,817.3 2,065.9 Business Areas Review Non-
Slide 56: Financial Highlights – Broad-Based TPV Growth
The GTCO Story Financial Highlights – Broad-Based TPV Growth Across Verticals and Currency Group Overview 74,715,316,299.5 128,218,593.1 49,504.3 Y-O-Y Y-O-Y Group Performance 34.71% 40.07% Highlights Y-O-Y 136.85% 91,538,160 .6 Y-O-Y 266.62% Y-O-Y 221.74% 67,952,881.5 Environment Operating Y-O-Y 31
Slide 57: Efficiency & Scale—Best-in-class operating efficiency
The GTCO Story Efficiency & Scale—Best-in-class operating efficiency and scalable growth driven by rapid platform expansion. Group Overview Group Performance Highlights Environment Operating Business Areas Review Non-Financial Highlights Return on Average Assets & Equity Cost to Income Guidance & Plans
Slide 58: Non-Financial Highlights
The GTCO Story Non-Financial Highlights Sustained impact through strategic CSR initiatives Group Overview “Everything Food” The 9th GTCO Food & Drink Festival featured 204 retail and 12 masterclasses, supporting entrepreneurship, skills development and business Group Performance growth. Highlights E
Slide 59: Guidance and Plans
The GTCO Story Guidance and Plans HY 2026 Actual FY 2026 Guidance PBT N603.03 bn N1.400.00 tn Group Overview Deposit Growth 10.25% 400% Loan Growth 0.48% 25.00% Coverage (with Reg. Risk Reserve) 103.83% 100.00% Group Performance Highlights Cost of Risk 0.58% 1.00% NPL to Total Loans 4.63% 4.00% Retu
Slide 60: Disclaimer
Disclaimer This presentation is based on Guaranty Trust Holding Company Plc (“GTCO” or the “Group”)’s audited consolidated financial results for the period ended June 30, 2026, prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting
Slide 61: Thank You
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Slide 62: Appendix
B Appendix
Slide 63: Balance Sheet Snapshot - Group
Balance Sheet Snapshot - Group Selected data, for Half year 2026 y-o-y change In millions of Nigerian Naira Jun-26 Dec-25 (%) Assets Cash and bank balances 4,736,762 5,456,595 (13.19%) Financial assets held at fair value through profit or loss 238,202 166,889 42.73% Derivative financial assets 3,623 2
Slide 64: Income Statement Snapshot - Group
Income Statement Snapshot - Group Selected data, for Half year 2026 y-o-y change In millions of Nigerian Naira June-26 June-25 (%) Revenue Net interest income 649,604 632,238 2.75% Loan impairment charges (18,724) (54,971) (65.94%) Net fee and commission income 123,033 135,174 (8.98%) Net gains on fi
Slide 65: Key Performance Ratios
Key Performance Ratios The Group continues to post one of the best metrics in the Nigerian financial services industry. Jun 30, 2026 Jun 30, 2025 Net Interest Margin 11.80% 12.27% Cost-to-Income Ratio 31.51% 30.08% Capital Adequacy Ratio 34.86% 36.19% Liquidity Ratio 46.02% 43.02% Loans to Deposit 22
Guaranty Trust Holding Company — H1 2026 Earnings Presentation on 6ix