Despite a challenging financial landscape shaped by market volatility, regulatory shifts, and evolving customer demands, FirstHoldCo Plc has posted a strong half-year performance, reinforcing its status as Nigeria’s leading financial institution. The Group’s results reflect solid fundamentals, a resilient business model, and effective execution of strategic priorities.
In its unaudited consolidated financial statements for the period ended June 30, 2025—submitted to the Nigerian Exchange Limited (NGX)—FirstHoldCo became the first Tier 1 financial institution to release its H1 report. The early disclosure highlights the Group’s transparency and continued performance momentum.
For the six months, gross earnings rose by 18.1% year-on-year to N1.7 trillion, driven largely by a 51.7% increase in interest income, which reached N1.4 trillion (up from N947.7 billion in H1 2024). Net interest income also grew significantly by 75.7% to N904.8 billion, reflecting improved lending efficiency and gains from higher interest rates.
The Group also reported a 29.7% year-on-year growth in gross fees and commission income, reaching N168.57 billion, boosted by stronger electronic banking activity and customer engagement across digital and physical platforms.
FirstHoldCo’s balance sheet remained solid, with customer deposits climbing to N17.9 trillion year-to-date, including a N1.2 trillion increase in Naira deposits. Loans and advances (net) also rose slightly by 1.1% to N8.9 trillion, underscoring continued lending activity and customer confidence.
