BREAKING: FirstHoldCo To Pay Out 60% Of Annual Profit As Dividends After PAT
First HoldCo Plc has approved a new dividend policy committing to distribute at least 60% of its annual profit after tax (PAT) to shareholders, as the financial services group reported a strong first-half performance driven by robust earnings growth and an improving capital position.
According to a statement signed by the Group Company Secretary, Abiola Baruwa, the new policy was approved by the Board of Directors at its meeting held on July 28, 2026.
The policy is subject to applicable regulatory approvals and is expected to take effect for future dividend distributions.
The announcement comes after the Group reported an 81.6% year-on-year increase in profit after tax to N526.1 billion for the six months ended June 30, 2026, underscoring what the company described as the success of its ongoing transformation programme.
