{
  "id": 10645738,
  "title": "GTCO’s HabariPay, pension and fund managers post N15.94 billion pre-tax profit in H1 2026",
  "url": "https://urgent.news/2026/09/29/gtcos-habaripay-pension-and-fund-managers-post-n15-94-billion-pre-tax",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-29T08:18:41.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/09/29/gtcos-habaripay-pension-and-fund-managers-post-n15-94-billion-pre-tax-profit-in-h1-2026/"
  },
  "original_language": "en",
  "account": "Guaranty Trust Holding Company Plc (GTCO) reported a combined pre-tax profit of N15.94 billion from its three non-banking subsidiaries in the first half of 2026, marking a significant increase in earnings from fintech, asset management, and pension businesses. The notable growth was led by HabariPay Limited, Guaranty Trust Fund Managers Limited, and Guaranty Trust Pension Managers Limited, as indicated in the audited financial statements for the six months ending June 30, 2026. The combined profit grew by approximately 85% from N8.62 billion in the same period of 2025, driven by strong earnings from HabariPay and GT Fund Managers. HabariPay, the fintech and payment services subsidiary, exhibited the most robust earnings growth, with operating income soaring to N9.44 billion in H1 2026 from N5.05 billion a year earlier, reflecting a 94% year-on-year increase. Profit before tax climbed to N7.81 billion, compared to N4.02 billion in H1 2025, showcasing a remarkable 94% improvement. Tax expenses were non-existent for the period, leaving profit after tax at N7.81 billion. Similarly, GT Fund Managers also demonstrated substantial growth, with operating income rising to N8.83 billion from N4.61 billion in H1 2025. After accounting for N1.62 billion in operating expenses, profit before tax surged to N7.21 billion, nearly double the N3.71 billion reported in the corresponding period last year. After deducting a tax charge of N1.49 billion, profit after tax amounted to N5.72 billion, up from N3.60 billion in the same period last year. GT Pension Fund Administrator's growth was less pronounced but still noteworthy, with no tax charge for the period resulting in a profit after tax of N927.84 million. Collectively, the three subsidiaries generated N15.94 billion in pre-tax profit, up from N8.62 billion in H1 2025. Over 94% of this combined profit was contributed by HabariPay and GT Fund Managers. The financial statements also highlighted substantial expansion in the subsidiaries' balance sheets, with GT Pension Fund Administrator valued at N17.63 billion, GT Fund Managers at N4.04 billion, and HabariPay at N3.10 billion. The subsidiaries operate under GTCO's governance frameworks, overseen by independent boards responsible for compliance and oversight. This latest performance underscores GTCO's expanding role beyond traditional banking, with fintech, wealth management, and pension administration becoming key growth drivers within the holding company structure.",
  "summary": "Guaranty Trust Holding Company Plc (GTCO) generated a combined profit before tax of N15.94 billion from its three non-banking subsidiaries in the first half of 2026, underscoring the growing contribution of its fintech, asset management and pension businesses to Group earnings. The post GTCO’s HabariPay, pension and fund managers post N15.94 billion pre-tax profit in H1 2026 appeared first on…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "BusinessDay Nigeria",
        "title": "GTCO reports N603.03bn H1 pre-tax profit, pays N1 interim dividend",
        "url": "https://urgent.news/2026/09/28/gtco-reports-n603-03bn-h1-pre-tax-profit-pays-n1-interim-dividend",
        "published": "2026-09-28T19:11:43.000Z"
      },
      {
        "outlet": "Nairametrics",
        "title": "BREAKING: GTCO’s pre-tax profit hits N603 billion, declares N1 interim dividend",
        "url": "https://urgent.news/2026/09/28/breaking-gtcos-pre-tax-profit-hits-n603-billion-declares-n1-interim",
        "published": "2026-09-28T21:26:30.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}