NGX:GTCO Income Statement

Financials in millions NGN. Fiscal year is January - December.

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	1,622,099	1,321,582	531,018	294,873	251,466
Interest Income on Investments	31,065	20,220	19,738	30,527	15,427
Total Interest Income	1,653,164	1,341,802	550,755	325,400	266,894
Interest Paid on Deposits	392,577	283,215	114,059	66,097	46,281
Net Interest Income	1,260,587	1,058,586	436,697	259,303	220,613
Net Interest Income Growth (YoY)	19.08%	142.41%	68.41%	17.54%	-13.03%
Income From Trading Activities	78,744	86,238	62,201	40,282	29,646
Gain (Loss) on Sale of Assets	221.35	187.6	11.58	82.69	-15
Gain (Loss) on Sale of Investments	49,196	-27,668	-94,992	-35,945	-760.8
Other Non-Interest Income	384,124	688,590	558,764	160,315	142,813
Total Non-Interest Income	512,285	747,348	525,984	164,735	171,683
Non-Interest Income Growth (YoY)	-31.45%	42.09%	219.29%	-4.05%	13.37%
Revenues Before Loan Losses	1,772,872	1,805,934	962,681	424,038	392,296
Provision for Loan Losses	66,423	136,662	102,953	11,987	8,531
Revenue	1,706,448	1,669,272	859,727	412,052	383,765
Revenue Growth (YoY)	2.23%	94.16%	108.65%	7.37%	-0.46%
Salaries and Employee Benefits	109,914	89,289	49,316	36,693	34,391
Occupancy Expenses	89,521	58,033	39,095	35,467	35,300
Selling, General & Administrative	29,951	31,416	13,822	21,782	9,517
Other Non-Interest Expense	245,980	224,289	148,186	103,990	83,059
Total Non-Interest Expense	475,367	403,026	250,419	197,932	162,267
EBT Excluding Unusual Items	1,231,081	1,266,246	609,308	214,120	221,498
Legal Settlements	-	-	-	34.51	-
Pretax Income	1,231,081	1,266,246	609,308	214,154	221,498
Income Tax Expense	365,335	248,443	69,654	44,981	46,658
Earnings From Continuing Operations	865,747	1,017,803	539,655	169,173	174,839
Minority Interest in Earnings	-12,198	-11,583	-5,229	-2,437	-2,732
Net Income	853,548	1,006,220	534,425	166,737	172,107
Net Income to Common	853,548	1,006,220	534,425	166,737	172,107
Net Income Growth	-15.17%	88.28%	220.52%	-3.12%	-13.78%
Basic Shares Outstanding	33,566	28,395	28,022	28,022	28,038
Diluted Shares Outstanding	33,566	28,395	28,022	28,022	28,038
Shares Change (YoY)	18.21%	1.33%	-	-0.06%	-0.17%
EPS (Basic)	25.43	35.44	19.07	5.95	6.14
EPS (Diluted)	25.43	35.44	19.07	5.95	6.14
EPS Growth	-28.24%	85.82%	220.50%	-3.07%	-13.63%
Dividend Per Share	12.760	8.030	3.200	3.100	3.000
Dividend Growth	58.90%	150.94%	3.23%	3.33%	-
Effective Tax Rate	29.68%	19.62%	11.43%	21.00%	21.07%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.