# FirstHoldco financial performance reports

> Live situation record from CLSTR: https://clstr.news/situations/firstholdco-financial-performance-reports
> Updated: 2026-10-26T03:24:37.000Z. Sources: 4. Developments: 2.

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.

## Timeline

### 2026-10-26: 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.

2 sources. https://clstr.news/cluster/first-holdco-reports-65-surge-in-nine-month-profit

### 2026-10-21: 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.

2 sources. https://clstr.news/cluster/firstholdco-reports-608-profit-rise-amid-share-price-decline

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Cite as: FirstHoldco financial performance reports. CLSTR, https://clstr.news/situations/firstholdco-financial-performance-reports