FirstHoldco Q1 Profit Soars 72%, ROE Leads Tier-One Banks

FirstHoldco Plc posted a stellar start to 2026 with profit before tax jumping 72% year-on-year to ₦321 billion. The group’s strong showing follows an ₦826.3 billion balance-sheet cleanup in 2025. This “phoenix-like” reset cleared legacy debt and unlocked new lending opportunities. With a post-tax ROE of 31.6%, FirstHoldco now ranks second by absolute profit among Nigerian banks, trailing only Zenith Bank. Its targeted pivot to private-sector loans and efficient cost management underpin this market-leading performance.

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