Trading at N140 Per Share, Stock Price of First Holdco Hits All-time High, Market Capitalisation Hits N6.37trn

First Holdco Plc has achieved a significant milestone as its stock price soared to an all-time high of N140 per share on the Nigerian Exchange Limited (NGX). This surge has propelled the company's market capitalization to N6.37 trillion, establishing it as the largest financial institution listed on the exchange. Since its listing in 2012, the company's stock has demonstrated remarkable growth, appreciating by 192.3% year-to-date from its closing price of N47.90 at the end of 2025. Trading in August 2026 alone has seen the stock gain 8.1%, climbing from an opening price of N129.55 to Thursday's closing price of N140. The impressive performance is largely driven by two key factors: the strategic acquisition of additional shares by Chairman Mr. Femi Otedola and the release of First Holdco's robust half-year 2026 financial results. Otedola, through his investment vehicle Calvados Global Services Limited, acquired over 2.48 billion shares in July 2026, increasing his stake to 26%. This move signals strong confidence in the company's future prospects. Furthermore, First Holdco reported a profit before tax of N653.5 billion for the half-year ended June 30, 2026. This represents an 84.5% year-on-year increase from the N356.1 billion reported in the same period of 2025. Profit after tax also saw a substantial rise of 81.6% YoY, moving from N289.8 billion to N526.1 billion. Gross earnings for the period closed at N1.93 trillion, a 16.7% increase over H1 2025, with total assets growing to N30.65 trillion.