Guaranty Trust Holding Company (GTCO) CEO Segun Agbaje has named fintech arm HabariPay, asset manager Guaranty Trust Fund Managers (GTFM), and pension unit Guaranty Trust Pension Managers (GTPM) as the group’s three most profitable non-banking subsidiaries for 2025, fueling a strategic push beyond core banking.
Speaking on Monday’s FY 2025 Investor Call, Agbaje revealed HabariPay topped the trio with N9.7 billion profit after tax—a 155 percent surge from N3.8 billion in 2024—driven by 122 percent operating income growth to N12.9 billion despite doubled expenses of N3.2 billion and zero loan impairments or taxes.
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GTFM followed at N9 billion, with GTPM adding N4.7 billion, as Agbaje eyes these units hitting three percent group contribution amid Nigeria’s digital boom.
He stressed Nigeria’s enduring primacy, targeting no less than 55 percent of GTCO business even as expansion hits francophone West Africa by mid-year, balancing regional bets with local dominance.
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Despite subsidiary shine, GTCO’s overall pre-tax profit dipped 2.78 percent to N1.23 trillion and post-tax fell 14.94 percent to N865 billion from 2024 peaks, with gross earnings edging up to N2.215 trillion—highlighting non-bank arms as bright spots in a flat core.
