Consolidated Hallmark Reports N27.1 Billion H1 Profit

Consolidated Hallmark Holdings Plc announced a profit before tax of N27.10 billion for the six months ending June 30, 2026, marking a remarkable increase of 1,436% from N1.76 billion in the same period of 2025. Profit after tax also surged to N25.28 billion, up 2,083% from N1.16 billion year-on-year.

Basic and diluted earnings per share rose to 233.19 kobo, compared to 10.68 kobo in 2025. The substantial growth in earnings was primarily attributed to investment results, which increased to N27.33 billion from N1.23 billion.

Interest income rose to N3.30 billion from N2.23 billion, although other investment income fell to N206.14 million from N718.66 million. The core insurance business saw a 9.21% increase in revenue to N25.04 billion, but the insurance service result declined to N2.61 billion from N3.26 billion.

The group's balance sheet expanded by 38% to N104.97 billion, with retained earnings increasing by 84% to N49.03 billion. As of August 27, 2026, CONHALLPLC shares closed at N6.35, reflecting a year-to-date gain of 46.3%.