First HoldCo has projected full-year profits of N1.2 trillion for 2026, signaling continued momentum for the Nigerian financial services conglomerate.
The guidance comes as the group navigates a complex macroeconomic environment in West Africa, with investors closely monitoring how the firm plans to sustain its growth trajectory following a strong start to the year.
Shares jumped 10% on the news, reflecting investor confidence in the group's ability to capitalize on its diversified portfolio across banking, insurance, and asset management.
The projection builds on a robust first-half performance that saw the company report a record profit before tax of N653.5 billion.
Those interim results, accompanied by gross earnings of N1.93 trillion, triggered a sharp repricing of the stock in Lagos trading.
Shares jumped 10% on the news, reflecting investor confidence in the group's ability to capitalize on its diversified portfolio across banking, insurance, and asset management.
The market's positive reception has pushed First HoldCo's market capitalization past the N5 trillion threshold, a significant valuation milestone for the firm.