In the first nine months of 2025, Geregu Power increased revenue to ₦131.4 billion, up from ₦112 billion in 2024.
Revenue Growth Drives Geregu Power Profit
Energy sales drove this growth, reaching ₦85.5 billion, while capacity charges climbed to ₦45.9 billion.
Consequently, after-tax profit rose 4.1% to ₦25.1 billion.
Costs And Finance Pressures
Administrative expenses edged up to ₦7.3 billion, with personnel costs at ₦2.04 billion and machinery maintenance at ₦1.02 billion.
Meanwhile, the company boosted other income to ₦1.3 billion through insurance proceeds.
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Finance costs surged 38.5% to ₦10.1 billion, following a 108.6% jump in borrowing costs.
Strong Balance Sheet
Geregu Power strengthened its balance sheet by raising total assets to ₦273.1 billion and shareholders’ funds to ₦56.4 billion, while liabilities grew to ₦216 billion.
Cash flows showed mixed results: net cash from operations fell, investing activities turned positive, and financing activities recorded an outflow.
By the end of the period, the company held ₦28.1 billion in cash and equivalents.
Overall, the company managed growth and costs effectively, demonstrating resilience in a challenging financial environment.
