First HoldCo Plc (NGX:FIRSTHOLDCO)

First HoldCo Balance Sheet

Financials in millions NGN. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	5,901,519	5,705,676	2,682,586	1,862,451	1,454,461	1,932,893
Investment Securities	5,117,095	4,840,702	2,638,363	1,920,708	1,766,789	984,301
Trading Asset Securities	352,375	409,759	744,583	274,038	342,188	85,723
Total Investments	5,469,470	5,250,461	3,382,946	2,194,746	2,108,977	1,070,024
Gross Loans	10,038,117	9,262,953	6,633,833	3,929,209	3,004,177	2,291,545
Allowance for Loan Losses	-482,529	-495,065	-274,539	-140,148	-122,261	-74,277
Net Loans	9,555,588	8,767,888	6,359,294	3,789,061	2,881,916	2,217,268
Property, Plant & Equipment	258,974	222,164	161,677	125,167	115,987	114,034
Goodwill	7,341	8,314	5,919	3,771	4,270	4,194
Other Intangible Assets	27,695	31,824	27,638	12,088	14,748	11,146
Other Receivables	524,631	982,098	472,885	272,849	135,680	221,257
Restricted Cash	4,115,154	3,744,031	2,108,471	1,558,263	1,348,086	1,322,443
Other Current Assets	220,542	920,354	1,052,432	506,125	696,684	622,342
Long-Term Deferred Tax Assets	40,551	53,706	55,895	30,909	28,710	27,619
Other Real Estate Owned & Foreclosed	-	74,750	72,616	60,456	61,165	78,113
Other Long-Term Assets	278,516	745,865	542,215	150,312	81,689	67,695
Total Assets	26,399,981	26,524,218	16,937,684	10,577,710	8,932,373	7,689,028
Accounts Payable	331,426	311,926	351,788	127,403	69,675	178,550
Accrued Expenses	266,547	-	-	-	-	-
Interest Bearing Deposits	14,329,139	15,174,789	9,454,676	5,810,103	5,019,562	4,426,537
Non-Interest Bearing Deposits	5,451,852	4,918,333	3,011,852	2,369,237	1,928,032	1,507,398
Total Deposits	19,780,991	20,093,122	12,466,528	8,179,340	6,947,594	5,933,935
Current Portion of Long-Term Debt	49,946	1,771,406	792,250	257,935	126,366	101,732
Current Portion of Leases	-	2,734	1,398	2,038	3,070	1,910
Current Income Taxes Payable	155,530	122,563	52,662	27,901	17,741	11,247
Other Current Liabilities	498,223	1,052,457	691,646	416,564	459,181	284,506
Long-Term Debt	1,977,147	36,391	602,047	455,889	298,586	285,216
Long-Term Leases	18,860	17,397	12,981	6,259	7,283	10,196
Pension & Post-Retirement Benefits	10,098	8,640	8,036	5,699	5,392	7,527
Long-Term Deferred Tax Liabilities	9,478	11,645	5,524	868	366	101
Other Long-Term Liabilities	44,625	300,603	205,803	102,073	117,263	108,937
Total Liabilities	23,142,871	23,728,884	15,190,663	9,581,969	8,052,517	6,923,857
Common Stock	20,939	17,948	17,948	17,948	17,948	17,948
Additional Paid-In Capital	377,101	233,392	233,392	233,392	233,392	233,392
Retained Earnings	1,899,424	1,477,146	827,479	580,562	456,565	267,224
Comprehensive Income & Other	897,096	1,014,021	639,759	151,727	161,546	237,522
Total Common Equity	3,194,560	2,742,507	1,718,578	983,629	869,451	756,086
Minority Interest	62,550	52,827	28,443	12,112	10,405	9,085
Shareholders' Equity	3,257,110	2,795,334	1,747,021	995,741	879,856	765,171
Total Liabilities & Equity	26,399,981	26,524,218	16,937,684	10,577,710	8,932,373	7,689,028
Total Debt	2,045,953	1,827,928	1,408,676	722,121	435,305	399,054
Net Cash (Debt)	5,290,710	4,309,229	2,234,842	1,689,966	1,469,722	1,792,467
Net Cash Growth	11.78%	92.82%	32.24%	14.99%	-18.01%	27.65%
Net Cash Per Share	131.50	120.05	62.26	47.08	40.95	49.94
Filing Date Shares Outstanding	41,878	35,895	35,895	35,895	35,895	35,895
Total Common Shares Outstanding	41,878	35,895	35,895	35,895	35,895	35,895
Book Value Per Share	76.28	76.40	47.88	27.40	24.22	21.06
Tangible Book Value	3,159,524	2,702,369	1,685,021	967,770	850,433	740,746
Tangible Book Value Per Share	75.45	75.28	46.94	26.96	23.69	20.64

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.