Guaranty Trust Holding Company’s fintech subsidiary, HabariPay, has announced a substantial leap in profitability for the 2025 financial year. According to the recently released full-year results, the company recorded a profit after tax of N9.7 billion. This figure marks a significant 155% year-on-year increase from the N3.8 billion PAT posted in 2024.
The impressive growth is attributed to a notable rise in the fintech’s operating income during the period. This performance contributes 1.1% to the overall profit of its parent company, GTCO, which reports N865.75 billion in consolidated profit after tax for the year. The group’s gross earnings saw a marginal increase, rising to N2.215 trillion from N2.15 trillion in the prior year.
A detailed review of GTCO’s top-line performance reveals that interest income grew to N1.6 trillion from N1.3 trillion. The largest component of this income stream was loans and advances to customers, which totaled N559.3 billion. Investment securities also contributed substantially, with N489.4 billion at fair value through other comprehensive income and N269.2 billion at amortized cost.
Launched in 2018, HabariPay operates as a super-app within the GTCO ecosystem, offering services ranging from content streaming to an e-commerce marketplace. Its flagship product, Squad, integrates a payment gateway and e-commerce platform with point-of-sale solutions, positioning it as a direct competitor to established players like Interswitch, Paystack, and Flutterwave. This strategic move into the digital marketplace aligns with broader national conversations on economic development, similar to discussions surrounding business environments in states like Anambra and Zamfara.
The subsidiary’s robust financial results stand in stark contrast to other corporate news, such as Warner Bros Rejects certain acquisition bids or Nestle Gains 10% in market share. Furthermore, as businesses prepare for increased consumer activity during periods like the Yuletide, where security is paramount and the Police Assure public safety, reliable digital payment infrastructure becomes increasingly critical. HabariPay’s growth underscores the expanding role of fintech in facilitating commerce and economic activity across Nigeria.
