GTCO’s HabariPay Posts N9.7B Profit, Up 155%

HabariPay, the fintech subsidiary of Guaranty Trust Holding Company (GTCO) Plc, has achieved a significant financial milestone by recording a profit after tax (PAT) of N9.7 billion for the 2025 fiscal year.

This performance, detailed in the company’s recently released full-year financial results, represents a staggering 155% increase compared to the N3.8 billion profit reported in 2024.

The surge in profitability is primarily attributed to a robust increase in operating income. HabariPay’s gross revenue climbed by 122%, reaching N12.9 billion in 2025, up from N5.8 billion in the previous year.

This growth was driven by strong performance across all key income lines, signaling the fintech’s deepening penetration in the competitive digital payment landscape.

Despite the rapid expansion, the company maintained a relatively lean operational structure. Operating expenses rose by 100% to N3.2 billion, matching the pace of scaling, yet the company notably recorded no loan impairment charges or taxation during the period.

This efficiency allowed HabariPay to contribute approximately 1.1% to GTCO’s total group profit after tax, which stood at N865 billion for the year.

HabariPay’s journey began in 2018 as “Habari,” a super-app designed to offer streaming, e-commerce, and vendor support. After struggling to gain initial traction, GTCO restructured the entity in 2021 into a standalone payment and e-commerce business.

Its flagship product, Squad a versatile platform combining a payment gateway, e-commerce tools, and Point-of-Sale (PoS) services has since become a formidable competitor to established fintech giants like Flutterwave, Paystack, and Interswitch.

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On a broader scale, GTCO Plc continues to show resilience. The group’s gross earnings for 2025 reached N2.215 trillion, a marginal year-on-year increase from N2.15 trillion in 2024. Interest income played a pivotal role in this growth, rising to N1.6 trillion, with loans and advances to customers contributing N559.3 billion.

The 2025 results underscore the success of GTCO’s diversification strategy. By transitioning from a traditional commercial bank to a holding company, GTCO has successfully nurtured HabariPay into a high-growth engine. As the Nigerian fintech sector continues to evolve, HabariPay’s triple-digit profit growth positions it as a vital player in the group’s future digital-first roadmap.