In a year that saw several changes in its leadership, the First Citizens Group has reported increased profits for the financial year ended September 30th, 2025.
According to the consolidated statement for the First Citizens Group Financial Holdings and its subsidiaries, the group posted a profit after tax of $989.5 million for 2025, compared to the $956.9 profit after tax in 2024. That is an increase of 3.41 per cent.
Loans to customers also to $23.78 billion ,compared to $21.16 billion, according to the statement, which was audited by PWC.
Total loans before allowances climbed to $24.198 billion, with net loans at $23.780 billion after recognising a loan-loss allowance of $417.6 million.
Non-performing loans rose slightly to $776.6 million, compared with $746.2 million a year earlier.
Profit before tax stood at $1.365 billion, and increase from $1.270 billion in 2024, while net interest income edged up to $2.101 billion and fee and commission income increased to $552.9 million.
Higher other income also supported overall performance, bringing total net revenue to $2.875 billion.
In August, Karen Darbasie proceeded on approved vacation leave before she retired as FCGFH CEO effective October 21.
Jason Julien succeeded her as group CEO, however questions have swirled about the leadership of the First Citizens Group since the appointment to eight new directors of First Citizens Holdings and the installation of attorney Shankar Bidaisee as chairman in August.
This lad to questions being raised by the opposition People’s National Movement amid a drop in the company’s stock prices on the Trinidad and Tobago Stock Exchange in recent months.
However Finance Minister Dave Tancoo dismissed the concerns, stating that fluctuations of stock prices were normal.
The First Citizens Group statement of management responsibilities was signed by Jason Julien, Group CEO and Shiva Manraj, group CFO.
