NGX:GTCO Income Statement

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	1,678,134	1,622,099	1,321,582	531,018	294,873	251,466
Interest Income on Investments	36,060	31,065	20,220	19,738	30,527	15,427
Total Interest Income	1,714,194	1,653,164	1,341,802	550,755	325,400	266,894
Interest Paid on Deposits	436,241	392,577	283,215	114,059	66,097	46,281
Net Interest Income	1,277,953	1,260,587	1,058,586	436,697	259,303	220,613
Net Interest Income Growth	6.56%	19.08%	142.41%	68.41%	17.54%	-13.03%
Income From Trading Activities	88,128	78,744	86,238	62,201	40,282	29,646
Gain (Loss) on Sale of Assets	696.76	221.35	187.6	11.58	82.69	-15
Gain (Loss) on Sale of Investments	45,944	49,196	-27,668	-94,992	-35,945	-760.8
Other Non-Interest Income	344,932	384,124	688,590	558,764	160,315	142,813
Total Non-Interest Income	479,701	512,285	747,348	525,984	164,735	171,683
Non-Interest Income Growth	78.98%	-31.45%	42.09%	219.29%	-4.05%	13.37%
Revenues Before Loan Losses	1,757,654	1,772,872	1,805,934	962,681	424,038	392,296
Provision for Loan Losses	30,176	66,423	136,662	102,953	11,987	8,531
Revenue	1,727,478	1,706,448	1,669,272	859,727	412,052	383,765
Revenue Growth	30.56%	2.23%	94.16%	108.65%	7.37%	-0.46%
Salaries and Employee Benefits	120,863	109,914	89,289	49,316	36,693	34,391
Occupancy Expenses	105,536	89,521	58,033	39,095	35,467	35,300
Selling, General & Administrative	21,758	29,951	31,416	13,822	21,782	9,517
Other Non-Interest Expense	246,107	245,980	224,289	148,186	103,990	83,059
Total Non-Interest Expense	494,264	475,367	403,026	250,419	197,932	162,267
EBT Excluding Unusual Items	1,233,214	1,231,081	1,266,246	609,308	214,120	221,498
Legal Settlements	-	-	-	-	34.51	-
Pretax Income	1,233,214	1,231,081	1,266,246	609,308	214,154	221,498
Income Tax Expense	402,292	365,335	248,443	69,654	44,981	46,658
Earnings From Continuing Operations	830,922	865,747	1,017,803	539,655	169,173	174,839
Minority Interest in Earnings	-10,127	-12,198	-11,583	-5,229	-2,437	-2,732
Net Income	820,794	853,548	1,006,220	534,425	166,737	172,107
Net Income to Common	820,794	853,548	1,006,220	534,425	166,737	172,107
Net Income Growth	49.88%	-15.17%	88.28%	220.52%	-3.12%	-13.78%
Basic Shares Outstanding	35,606	33,566	28,395	28,022	28,022	28,038
Diluted Shares Outstanding	35,606	33,566	28,395	28,022	28,022	28,038
Shares Change	16.27%	18.21%	1.33%	-	-0.06%	-0.17%
EPS (Basic)	23.05	25.43	35.44	19.07	5.95	6.14
EPS (Diluted)	23.05	25.43	35.44	19.07	5.95	6.14
EPS Growth	28.91%	-28.24%	85.82%	220.50%	-3.07%	-13.63%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Dividend Per Share	12.760	12.760	8.030	3.200	3.100	3.000
Dividend Growth	58.90%	58.90%	150.94%	3.23%	3.33%	0%
Effective Tax Rate	32.62%	29.68%	19.62%	11.43%	21.00%	21.07%