Geregu Power Plc has reported a profit after tax of N27.25bn for the year ended 31 December 2025, underscoring the power generation company’s ability to sustain earnings growth amid rising operating costs and a challenging macroeconomic environment.
According to its audited financial statements, Geregu Power recorded revenue of N184.94bn in 2025, up from N137.13bn in the previous year, driven by increased power generation and improved capacity utilisation. Cost of sales rose to N110.73bn from N74.40bn, resulting in a gross profit of N74.21bn, compared with N62.73bn in 2024.
Operating profit stood at N48.15bn, up from N42.95bn a year earlier, despite higher administrative expenses and impairment charges. Other income also improved to N1.80bn from a loss of N583.77m recorded in the prior year.
Profit before tax was N41.99bn, marginally higher than N41.27bn in 2024, while income tax expense increased to N14.73bn from N13.84bn.
Earnings per share stood at N10.90, slightly below the N10.97 recorded in the previous year.
On the balance sheet, total assets rose to N305.01bn as at 31 December 2025 from N243.47bn in 2024, reflecting growth in trade and other receivables as well as sustained investment in operations.
Total equity increased to N58.63bn from N52.56bn, supported by higher retained earnings.
The company also reduced its non-current liabilities to N32.21bn from N47.53bn, driven by lower borrowings and bond obligations, while current liabilities rose to N214.16bn from N143.37bn.
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