First HoldCo Plc has announced impressive financial results for the year ended December 31, 2025, with the Group’s total assets climbing to ₦27.1 trillion, representing a 2% increase from ₦26.5 trillion recorded in the previous year.
The financial statements were signed by Adebowale Oyedeji, Group Managing Director, and Wasiu Shafe, Acting Chief Financial Officer.
The holding company’s Statement of Financial Position reveals robust expansion across key business segments, underscoring its strengthened market position in Nigeria’s financial services sector.
News.ng reports that the Group’s loan portfolio expanded significantly, with loans and advances to customers reaching ₦9.1 trillion, up from ₦8.8 trillion in 2024. This 3.4% growth reflects sustained credit expansion despite challenging macroeconomic conditions.
Cash and balances with central banks improved to ₦5.0 trillion from ₦4.4 trillion, providing enhanced liquidity buffers. Investment securities also recorded substantial growth, rising to ₦7.2 trillion compared to ₦6.5 trillion in the prior year.
Customer deposits remained the primary funding source, totalling ₦18.9 trillion as of December 31, 2025, though slightly down from ₦17.2 trillion in 2024. Deposits from banks decreased to ₦2.0 trillion from ₦2.9 trillion, reflecting a shift in the Group’s funding mix.
Total liabilities stood at ₦23.9 trillion, compared to ₦23.7 trillion in the previous year.
Shareholders’ equity strengthened considerably to ₦3.2 trillion from ₦2.8 trillion, driven primarily by growth in retained earnings which reached ₦1.1 trillion. The share premium account increased to ₦458.4 billion from ₦233.4 billion, while the statutory reserve grew to ₦327.2 billion.
At the Company level, total assets nearly doubled to ₦560.1 billion from ₦326.8 billion, with investment in subsidiaries surging to ₦516.5 billion from ₦264.2 billion, signalling continued strategic investments in group entities.
The results position First HoldCo as a formidable player in Nigeria’s banking sector, with its diversified asset base and solid capital foundation providing a platform for sustained growth in 2026 and beyond.
