Geregu Power Plc, (GEREGU) a key player in Nigeria’s power generation sector, has released its unaudited interim financial statements for the period ended September 30, 2025.
The report, on Nigeria Exchange (NGX) highlights the company’s robust financial health and operational success over the nine-month period.
The statements reveal a gross profit of N17,235,149,000, reflecting efficient power generation and sales through the National Grid to the Transmission Company of Nigeria (TCN) and the Nigerian Bulk Electricity Trading Plc (NBET).
Total equity reached N56,412,680,000, with total assets amounting to N273,152,085,000, underscoring the company’s strong balance sheet.
Key Financial Highlights
Revenue Growth: Revenue for the nine months ended September 30, 2025, stood at N131,467,150,000, a significant increase driven by consistent power supply.
Profitability: Net profit attributable to ordinary shareholders was N25,097,940,000, with basic earnings per share at N10.04.
Cash Flow: Net cash from operating activities totaled N54,066,613,000, indicating solid liquidity to support ongoing operations.
Dividend Payout: The company paid a dividend of N13,984,392,000, reinforcing its commitment to shareholder value.
Free Float: With a free float value of N526,444,958,610.50 and a 16.68% free float percentage, Geregu Power Plc complies with The Exchange’s Main Board requirements.
The financials highlight ongoing investments in property, plant, and equipment, with administrative expenses, including repairs and maintenance, at N177,174,000, and personnel expenses at N334,966,000.
The company’s focus on maintaining its generation capacity is evident, supported by a net finance income of N1,863,199,000.
Adhering to the International Financial Reporting Standards (IFRS) and the Financial Reporting Council of Nigeria Act, the directors confirmed the company’s status as a going concern for at least the next twelve months.
Administrator and Writer
