FirstHoldco financial performance reports

Overview

FirstHoldco Plc reported significant growth in its nine-month financial results ending September 30, 2026. The group saw a 60.8% increase in profit before tax, reaching N911.24 billion, and a 65.1% rise in profit after tax to N744.45 billion compared to the previous year.

This profitability was driven by a 143.5% surge in non-interest income, fueled by higher foreign exchange gains and a 48.1% increase in net fee and commission income. These gains helped offset a 16% decline in net interest income caused by rising funding costs. Additionally, the group improved operating efficiency, reducing its cost-to-income ratio from 52.4% to 43.7%, and saw credit impairment charges decrease by 28.3%.

Despite these strong earnings, the company experienced market volatility. Its share price fell approximately 20.6% from a recent high of N165 to N131, leading to a drop in market capitalization from over N7.5 trillion to below N6 trillion as investors engaged in profit-taking.

Entities

First Holdco Plc · Femi Otedola · First Bank of Nigeria Limited · FirstHoldco Plc

Timeline

1 day ago

[BUSINESS] 2 sources
First HoldCo reports 65% surge in nine-month profit
First HoldCo Plc's nine-month profit after tax rose 65.1% to N744.45 billion in 2026, driven by surging non-interest income and improved operating efficiency.
6 days ago

[BUSINESS] 2 sources
FirstHoldco reports 60.8% profit rise amid share price decline
FirstHoldco reported a 60.84% increase in nine-month pre-tax profit to N911.24 billion, even as its share price fell 20.6% from recent highs due to profit-taking.

Sources

dmarketforces.com · investorsking.com · nairametrics.com · thisdaylive.com