First HoldCo Plc (FIRSTHOLDCO) Earnings Call Transcripts

First HoldCo Plc's Latest Earnings Call - May 29, 2026

In the first quarter of 2026, First HoldCo Plc reported a significant turnaround with a 72.2% increase in profit before tax (PBT) to NGN 321 billion, up from NGN 86.4 billion year-on-year. Revenue also grew by 6.4% to NGN 3.43 trillion, driven by a 24.9% increase in interest income. Management has signaled a commitment to resume dividend payments, pending a capital raise to strengthen the balance sheet, which is expected to reach NGN 1 trillion.

Reported metrics

Guidance from management

Management expects to resume dividend payments by the end of the financial year, contingent on the successful completion of the capital raise aimed at achieving NGN 1 trillion in paid-up capital.

What management said

Thank you, Group Company Secretary. I would like to call on the representative of the auditor, Mrs. [indiscernible] Professional Services to read the auditor's report, which has been circulated to shareholders together with the accounts for the year ended December 31, 2025.

Thank you very much, Mr. [indiscernible]. I also call on the Chairman of the Statutory Audit Committee, Mrs. [indiscernible] to read the committee's report already circulated. It is on Page 131 of the annual report and accounts circulated to shareholders.

What analysts pressed on

Analysts expressed concerns regarding the high level of impairment charges and the lack of dividends despite strong earnings growth. Questions were raised about maintaining asset quality in a high-interest rate environment and the company's strategy for diversifying income streams.

Main topics on the call

• Profitability Improvement — The company reported a remarkable 72.2% increase in PBT to NGN 321 billion, up from NGN 86.4 billion, indicating strong operational recovery. Management stated, "this performance established First HoldCo as the second la...
• Revenue Growth — First HoldCo's revenue increased by 6.4% to NGN 3.43 trillion, with interest income rising by 24.9% to NGN 2.99 trillion. This growth was attributed to "proactive asset pricing and improved yield."
• Capital Raise Announcement — The company announced a capital raise of up to NGN 1 trillion to strengthen its balance sheet and support future growth. This was framed as necessary for maintaining regulatory compliance and preserving financial strengt...
• Dividend Guidance — Management indicated that dividend payments are expected to resume by the end of the financial year, contingent on the successful capital raise. They noted, "we believe that dividend payments will resume on the back of t...

Read the full First HoldCo Plc transcript (May 29, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 6 First HoldCo Plc earnings call transcripts on record, spanning August 3, 2020 to May 29, 2026. Based on this history, First HoldCo Plc reports annually. The most recent call on file is dated May 29, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

FIRSTHOLDCO

Exchange

NGSE

Country

NG

Sector

Financials

Industry

Banks

Calls on record

6

First call

August 3, 2020

Most recent

May 29, 2026

Reporting cadence

annually