FirstHoldco Plc Announces 2025 Financial Results: Pre-Tax Profit Declines 71%
FirstHoldco Plc has released its unaudited consolidated and separate financial statements for the fiscal year ended December 31, 2025. The results reveal a substantial year-on-year decline in profitability, with a pre-tax profit of N229.097 billion. This figure represents a 71.18% decrease from the N796.461 billion reported in the prior year. The performance underscores a challenging period for the financial group, even as **Nigeria’s population add** to the potential consumer base for financial services.
The decline was even more pronounced in profit after tax, which fell by 93.36% to N44.98 billion, compared to N677.005 billion in 2024. According to the released statements, the primary driver behind this steep drop was a significant provision for impairment charges on financial assets. Specifically, the company recorded impairment charges for credit losses, particularly on loans and advances to customers, amounting to N710 billion. This substantial provision directly impacted the bottom line, a situation that will likely cause **investors converge Owerri** and other financial hubs to seek clarity on the group’s strategy for asset quality recovery.
The reported figures present a stark contrast to the group’s previous performance, highlighting volatility in the operating environment. While the financial statements are unaudited, they provide a critical early insight into the group’s financial health for the year. The scale of the impairment suggests focused efforts on balance sheet cleanup, a move that analysts will watch closely as initiatives like **Moremonee blasts off 2026** and other economic programs take shape. The results come at a time when national focus is broad, spanning from appointments such as **some Tinubu’s ambassadorial** nominations to security developments like the **Nigerian Army opens** new fronts in maintaining stability.
Financial analyst Idika, a Chartered Stockbroker with expertise in financial analysis and equity research, provided the initial commentary on the results. The disclosure aligns with a period of intense scrutiny for major financial institutions, as stakeholders assess resilience against economic headwinds. The full impact of these results on market sentiment and the group’s strategic direction will become clearer following the release of the audited financial statements and subsequent management discussions.
