Payments, fund administration elevate GTCO subsidiaries’ revenue to N23.9 billion

Guaranty Trust Holding Company Plc (GTCO) recorded a 70 per cent improve in mixed revenue earlier than tax from its three non-banking subsidiaries to N23.88 billion within the first 9 months of 2026, pushed by stronger earnings from funds and fund administration companies.

The subsidiaries reported N14.08 billion in mixed revenue earlier than tax within the corresponding interval of 2025, in line with GTCO’s unaudited monetary statements for the 9 months ended September 30, 2026.

Their mixed revenue after tax additionally rose by roughly 60 per cent to N22.39 billion from N13.97 billion a yr earlier.

The efficiency was supported by elevated transaction-related revenue at HabariPay Limited and better earnings at Guaranty Trust Fund Managers Limited, whereas Guaranty Trust Pension Fund Administrator recorded extra modest revenue progress.

Despite the advance, the three companies contributed roughly 2.7 per cent of GTCO’s consolidated revenue earlier than tax of N879.90 billion, in contrast with about 1.6 per cent within the corresponding interval of 2025.

HabariPay, GTCO’s funds subsidiary, recorded a 72 per cent improve in revenue earlier than tax to N11.23 billion from N6.53 billion within the first 9 months of 2025.

Its working revenue rose by 47 per cent to N13.88 billion from N9.43 billion, whereas working bills fell by roughly 9 per cent to N2.64 billion from N2.89 billion.

As of September 30, 2026, HabariPay reported whole property of N26.75 billion, shareholders’ fairness of N25.61 billion and liabilities of N1.15 billion.

Guaranty Trust Fund Managers recorded the strongest revenue progress among the many three subsidiaries, with revenue earlier than tax rising by 82 per cent to N11.24 billion from N6.17 billion.

Operating revenue elevated by 77 per cent to N14.09 billion from N7.97 billion, outpacing the 59 per cent improve in working bills to N2.85 billion from N1.80 billion.