First HoldCo Plc Grows Gross Earnings to N3.4 Trillion in 2025 Despite Impairment Charge
First HoldCo Plc released its unaudited financial results for the year ending December 31, 2025, showing a 4.8% year-on-year increase in gross earnings to N3.4 trillion. Despite facing a record impairment charge, the company's net interest income rose by 36.3% to N1.9 trillion, driven by improved earning yields.
The group's core business demonstrated strong revenue-generating capacity, with a focus on maintaining a high-quality asset base. Operating profit increased by 23.9% to N973.3 billion, highlighting the robust performance of the group's core operations.
First HoldCo Plc plans to pursue select growth opportunities, including new revenue streams and expanding into additional business verticals to drive shareholder value creation.
Plus234Feed summary based on reporting from News Online Nigeria. Read the original report below.
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