Rising Costs and FX Losses Erode GTCO’s 2025 Profit Margins

GTCO’s 2025 financial report shows headline strength, but underlying figures tell a different story. Profit before tax slipped from ₦1.266 trn to ₦1.231 trn despite marginal growth in gross earnings. Operating expenses jumped by over ₦40 bn, driven by higher staff costs and depreciation. Other operating income collapsed from ₦499 bn to ₦140 bn as previous FX gains normalized. Trading income fell from ₦86.2 bn to ₦78.7 bn, suggesting reduced market opportunities. Uneven performance in East African subsidiaries also raises concerns about GTCO’s expansion strategy. Market analysts warn that unchecked cost pressures and reliance on volatile income streams risk eroding GTCO’s efficiency advantage. Restoring cost discipline and bolstering core earnings are now top priorities.

Use The App To Win ₦1m

Stories are shared by community members. This article does not represent the official view of NaijaWorld — the author is solely responsible for its content.