Lagos | July 31, 2025 — FirstHoldco Plc, the non-operating holding company of Nigeria’s oldest financial services group, has posted a robust ₦169.6 billion profit before tax for the second quarter of 2025, marking one of the earliest major financial declarations of the earnings season.
This impressive figure represents a significant year-on-year growth, reinforcing FirstHoldco’s position as a market pacesetter in Nigeria’s financial services sector. The group’s early release signals operational confidence and transparency, as well as a commitment to strong investor engagement.
According to the financial statement released to the Nigerian Exchange (NGX), the pre-tax profit was driven by strong performance across its banking, insurance, asset management, and fintech subsidiaries. Net interest income and non-interest revenue both recorded double-digit growth, while operating expenses were kept within planned thresholds, contributing to improved margins.
The company’s Group CEO, Dr. Adesola Adeduntan, attributed the results to “resilient strategy execution, disciplined cost management, and growing synergies across our diversified financial ecosystem.” He added that FirstHoldco will continue to invest in innovation, customer experience, and regional expansion to sustain its upward trajectory.
Analysts say the result places FirstHoldco among the top-performing financial holding companies for the half-year period, and sets a high bar for its industry peers yet to publish their Q2 earnings.
The company’s shares recorded moderate gains on the NGX following the announcement, reflecting positive investor sentiment and market confidence in its long-term fundamentals.
FirstHoldco’s performance arrives at a time of cautious optimism in Nigeria’s financial markets, where players are navigating inflationary pressures, exchange rate volatility, and regulatory shifts, yet showing resilience in core revenue areas.
