FirstHoldCo PLC reported strong financial results for the half-year ended June 30, 2026, marking a significant milestone in its strategic transformation. The Group achieved gross earnings of N1.93 trillion, a 16.7% year-on-year increase, while Profit Before Tax (PBT) surged 83.5% to N653.5 billion. Operating income rose by 25.8% to N1.38 trillion.

Operational efficiency improved, with the cost-to-income ratio strengthening to 44.2% from 50.5% in H1 2025. Risk management also yielded positive results, as impairment charges declined by 37.4%. A major highlight was the restoration of FirstBank’s Capital Adequacy Ratio to 16.7% ahead of schedule, supported by a 52.2% liquidity ratio. The Group’s non-banking segments, specifically Investment Banking and Asset Management, contributed N46.0 billion in gross earnings, further diversifying the firm’s revenue base.