First Holdco Plc, a diversified financial services group in Nigeria, has assured investors that a dividend will be paid for the financial year ended 31 December 2025.
The proposed dividend, however, remains subject to regulatory approval from the Central Bank of Nigeria (CBN).
The Group’s Board of Directors, which met on Monday, 9 March 2026, approved the audited and separate financial statements for the year ended December 2025.
According to the company, the official announcement of the financial results will be made after it receives the required approval from the Central Bank of Nigeria.
As a result, the Closed Period declared by the company from 1 January 2026 will remain in effect until 24 hours after the audited financial statements for the year ended 31 December 2025 are filed through the Issuers’ Portal of the Nigerian Exchange (NGX), in line with Rule 17.18(a) of the Closed Period Rules contained in the NGX Rulebook 2015, as amended.
First Holdco Plc also highlighted the strength of its financial position as of 30 September 2025. The Group reported total assets of N26.40 trillion, slightly lower than the N26.52 trillion recorded at the end of 2024.
Total liabilities declined to N23.14 trillion from N23.73 trillion over the same period, reflecting a strategic reduction in leverage.
The development helped strengthen the Group’s equity base, with total equity rising by 16.5 per cent to N3.26 trillion, up from N2.80 trillion at the end of 2024. The company said the growth reflects enhanced shareholder value and a stronger capital position following a successful rights issue.
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