FirstHoldCo Reports N911bn Profit Before Tax in 9 Months 2026; Reinforcing Profitability and Resilience.
The headline is compelling First HoldCo Plc’s 9 months 2026 performance marks an important transition: the Group is moving from balance sheet repair toward a more resilient, capital-supported growth phase.
The headline is compelling — profit before tax rose 60.8% year on year to N911.2 billion, while profit after tax advanced 65.1% to N744.5 billion; importantly, the quality of this growth is also improving.
First, earnings have broadened year on year and beyond the traditional interest income.
Second, operating discipline has improved efficiency. Third, stronger capital and better asset-quality indicators are increasing the Group’s capacity to absorb risk and pursue selective growth. These factors support a more durable earnings profile and a stronger long-term shareholder proposition. Profitability continues to strengthen Gross earnings increased 8.8% to N2.87 trillion, but profitability expanded faster: profit before tax reached N911.2 billion and profit after tax reached N744.5 billion.
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