First HoldCo Plc has posted a record profit before tax of ₦653.54 billion for the first half of 2026, marking an 83.5 per cent increase from the ₦356.15 billion reported in the corresponding period of 2025.
Gatekeepers News reports that the financial services group also recorded a profit after tax of ₦526.13 billion, while operating profit rose to ₦651.98 billion, driven by stronger non-interest income, lower credit impairment charges and improved operational efficiency.
Its balance sheet also expanded during the period, with total assets rising to ₦30.65 trillion. Customer deposits increased to ₦21.93 trillion, while loans and advances to customers grew to ₦9.51 trillion.
Investors responded positively to the strong earnings, sending the company’s share price up by 10 per cent during trading following the release of the half-year financial results.
Reacting to the performance, Group Chairman Femi Otedola described the results as a significant milestone in First HoldCo’s ongoing transformation.
Management said the strong showing reflects the group’s continued efforts to strengthen its balance sheet, improve asset quality and position the business for sustainable long-term growth.
Further details are expected.
