FirstHoldCo Reports N1.93 Trillion Earnings in H1 2026

FirstHoldCo Plc announced its financial performance for the first half of 2026, reporting gross earnings of N1.93 trillion and a profit before tax of N653.5 billion, which represents an 83.5% increase compared to the previous year. The operational income grew by 25.8% to N1.38 trillion, indicating the company's successful strategic initiatives aimed at transforming its balance sheet and sustaining long-term growth.

The results underscore FirstHoldCo's position as a leading financial services group in Africa, with a notable increase in non-interest income to N497.1 billion. The net interest margin improved to 9.5%, driven by disciplined pricing and a better funding mix.

The cost-to-income ratio improved from 50.5% in H1 2025 to 44.2%, reflecting effective cost management. FirstBank's capital adequacy ratio stood at 16.7% as of June 30, 2026, ahead of schedule, providing a solid foundation for future expansion and supporting customer growth opportunities.