HabariPay Limited, the fintech subsidiary of Guaranty Trust Holding Company (GTCO), has recorded a profit before tax (PBT) of N4.02 billion in the first half of 2025, accounting for about 0.67% of the group’s total PBT.

The development, which marked a 95% increase compared to the N2.07 billion recorded in the same period of 2024, was according to GTCO’s half-year financial statement for the period ended June 30, 2025.

The impressive result highlights the company’s growing strength in Nigeria’s digital payment space, supported by increased transaction volumes and rising adoption of its payment solutions.

HabariPay’s operating income rose by 82% to N5.05 billion in H1 2025, up from N2.77 billion reported in H1 2024.

The company also recorded higher operating expenses of N1.03 billion compared to N703.3 million in the prior period, reflecting expansion costs and investments in the business.

Despite these higher expenses, fintech maintained strong operational efficiency, which contributed to the sharp rise in pre-tax profit.

HabariPay recorded no loan impairment charges or taxation during the period, underscoring its lean and efficient business model.

Nigeria’s fintech sector continues to expand rapidly, driven by a large youthful population, increasing smartphone penetration, and a more supportive regulatory environment. In 2024, the industry attracted over USD 2 billion in investments.