HabariPay Restricted, the fintech subsidiary of Guaranty Trust Holding Firm (GTCO), recorded a revenue earlier than tax (PBT) of N4.02 billion within the first half of 2025, accounting for about 0.67% of the group’s complete PBT.
This marks a 95% improve in comparison with the N2.07 billion recorded in the identical interval of 2024.
That is in accordance with GTCO’s half-year monetary assertion for the interval ended June 30, 2025.
The spectacular end result highlights the corporate’s rising power in Nigeria’s digital cost area, supported by elevated transaction volumes and rising adoption of its cost options.
Firm bills
HabariPay’s working earnings rose by 82% to N5.05 billion in H1 2025, up from N2.77 billion reported in H1 2024.
The corporate additionally recorded increased working bills of N1.03 billion in comparison with N703.3 million within the prior interval, reflecting growth prices and investments within the enterprise.
Regardless of these increased bills, the fintech maintained robust operational effectivity, which contributed to the sharp rise in pre-tax revenue.
HabariPay recorded no mortgage impairment costs or taxation in the course of the interval, underscoring its lean and environment friendly enterprise mannequin.
- Nigeria’s fintech sector continues to broaden quickly, pushed by a big youthful inhabitants, growing smartphone penetration, and a extra supportive regulatory surroundings. In 2024, the trade attracted over USD 2 billion in investments.
- Given the broader fintech momentum, the robust half-year efficiency from HabariPay, particularly the sturdy revenue earlier than tax may be seen as driving a beneficial wave
What you must know
Guaranty Trust Holding Company Plc (GTCO), the father or mother firm of HabariPay, reported a pre-tax revenue of N600.9 billion for the half-year ended June 30, 2025, representing a 40% year-on-year decline. The drop was largely because of a pointy fall in overseas change good points, which dropped from over N600 billion in H1 2024 to simply N26 billion in H1 2025.
The decline in revenue highlights how a lot of GTCO’s 2024 efficiency had been boosted by FX revaluation good points, which weren’t repeated in 2025.
Regardless of this, GTCO’s share value has continued to carry out strongly, climbing from N29.20 in 2020 to N94.00 as of October 15, 2025, representing a compound annual development fee (CAGR) of 28%. The inventory has traded inside a five-year vary of N19 to N55 and is presently up 64% year-to-date, displaying robust market confidence within the group’s long-term prospects.
Over the previous 5 years, GTCO’s profit-after-tax (PAT) has additionally grown steadily, increasing at a compound annual development fee of fifty%, in comparison with Zenith Bank’s 45% CAGR.
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