First Holdco Grows Gross Earnings To N3.4 Trn In 2025 Amid Record Impairment Charges

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first holdco grows gross earnings to n34 trn in 2025 amid record impairment charges

First HoldCo Plc has announced its unaudited financial results for the year ended 31 December 2025, reflecting a year of deliberate strategic actions aimed at strengthening its balance sheet, improving asset quality, and positioning the business for more resilient and sustainable growth amidst successful capital raise activities.

As stated in the unaudited Group financial statement, FirstHoldCo recorded a 4.8 year-on-year y-o-y increase in its Gross earnings to N 3.4 trillion, supported by a 36.3 y-o-y growth in net interest income of N 1.9 trillion on the back of enhanced earnings yield and margins of 17.11 and 11.0, respectively.

Similarly, net fees and commissions improved by 18.7 y-o-y to N 290.7 billion. These are clear indications of the strength of the revenue-generating capacity of the core business which continues to be solid.

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