First HoldCo Plc has announced a total dividend payout of N25.13 billion for the financial year ended December 31, 2024, following shareholder approval at its 13th Annual General Meeting (AGM). The dividend translates to N0.60 per 50 kobo ordinary share and is subject to applicable withholding tax.
In a corporate filing with the Nigerian Exchange Limited, the company confirmed that its audited financial statements for the year, along with reports from directors, auditors, board appraisers, and the audit committee, were unanimously adopted during the meeting.
The AGM also resolved that the remuneration and expenses of the company’s auditor, Messrs. KPMG Professional Services, would be determined by the board of directors for the financial period ending at the next AGM. Additionally, shareholders approved the disclosed remuneration of the company’s managers.
As part of its governance updates, the meeting ratified the appointment of new members to the statutory audit committee. The newly confirmed members include Hauwa Umar, Mathew Akinlade, Christopher Ogba, Peter Aliogo, and Julius Omodayo-Owotuga.
The dividend announcement comes on the back of a strong financial performance in 2024. First HoldCo Plc recorded a 106% increase in gross earnings, reaching N3.21 trillion, up from N1.56 trillion in 2023. The significant revenue growth highlights the group’s operational momentum and effective strategic execution across its portfolio businesses.
With this robust financial result and consistent dividend policy, First HoldCo Plc continues to strengthen investor confidence while reinforcing its commitment to long-term shareholder value.