First HoldCo Plc’s market capitalization moved closer to the ₦5 trillion mark on Wednesday, July 22, 2026, following a sharp rally in the company’s shares driven by renewed investor interest in its strong first-half earnings.
The stock closed at ₦105.50 on Monday, July 20, 2026, after gaining 9.95 per cent, taking the group’s market value to approximately ₦4.8 trillion.
The rally came after First HoldCo released its unaudited financial results for the six months ended June 30, 2026, showing a significant improvement in profitability.
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Profit before tax rose 83.5 per cent year-on-year to ₦653.5 billion, compared with ₦356.1 billion in the corresponding period of 2025. Profit after tax also climbed to ₦526.1 billion.
Gross earnings increased to ₦1.93 trillion from ₦1.66 trillion in the first half of 2025, while total assets rose to ₦30.6 trillion. Customer deposits stood at ₦21.9 trillion at the end of the reporting period.
The strong results have helped sustain buying interest in the stock, which has more than doubled from ₦52.50 at the start of July to ₦105.50 by July 20.
With its valuation now estimated at about ₦4.8 trillion, First HoldCo is within reach of joining the ₦5 trillion market-capitalization club as investors continue to respond to the group’s improved earnings performance.