First HoldCo stock heads toward October 23 earnings report

Published on 10/08/2026 at 04:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First HoldCo stock heads toward October 23 results after H1 pretax profit reached NGN 653.54 billion, up 83.5 percent year over year. Its market cap was NGN 6.43 trillion.

FBNH, NGFBNH000009, Illustration mit AI erstellt.

First HoldCo (ISIN NGFBNH000009) reported H1 2026 profit before tax of NGN 653.54 billion, an 83.5 percent increase from NGN 356.15 billion in H1 2025, according to Guardian Nigeria on September 30, 2026. The next earnings report is scheduled for October 23, 2026, according to Investing.com.

H1 profit rose 83.5 percent

First HoldCo's H1 profit after tax reached NGN 526.13 billion, up 81.6 percent from NGN 289.77 billion in H1 2025, while gross earnings climbed 16.7 percent to NGN 1.93 trillion, Guardian Nigeria reported on September 30, 2026.

The comparison matters because the pretax increase was stronger than gross-earnings growth. That spread points to profitability and operating leverage as the main part of the H1 story, rather than simple top-line expansion.

Analyst targets sit below the quote

Investing.com lists a Neutral consensus from 2 analysts, with an average 12-month price target of NGN 62.39, a high target of NGN 73.22 and a low target of NGN 51.55. The target range gives investors a clear measure of how far published expectations sit below the latest market quotation.

First HoldCo operates commercial banking, investment banking, corporate banking and other financial-services businesses, with operations centered in Nigeria and additional international activities, according to Investing.com. Its earnings profile therefore remains tied to both banking profitability and the quality of credit growth.

October 23 is the next checkpoint

Investing.com lists October 23, 2026, as the next earnings date. The report will show whether the H1 profit comparison continued into the third quarter and whether the company converted its earnings strength into further operating progress.

First HoldCo was trading at NGN 142.50 on the Nigerian Exchange on October 7, 2026. The quote sat within a 52-week range of NGN 29.85 to NGN 165.00, while market capitalization stood at NGN 6.43 trillion and volume reached 6.82 million shares.