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Geregu Power, a Nigerian electricity generating firm, has forecast revenue of N57.11 billion in the first quarter of 2026, which is higher than the actual sales of N31.75 billion in the corresponding period of 2025.
The company also projected profit after tax (PAT) of N12.02 billion, which is higher than the actual figure of N10.43 billion in the corresponding period of 2025.
An earnings growth is a propitious sign that indicates an increase in dividends shareholders are going to be getting as the company continues to deliver higher returns to them.
The Power firm is embarking on projects that will add impetus to earnings as a strong liquidity position and a healthy balance sheets means investors will be attracted to the company’ stock.
Nine months financial performance
Geregu Power reported profit of N25 billion for the 9-Months period to September 2025, up 3.75% compared to the September 2024 period
Profit growth was aided by a 16.7% jump in revenue to N131.46 billion in the period.
For the standalone Q3, 2025 period, profit increased by 17.5% to N4.9 billion from N4.17 billion as at September 2024, while revenue rose by 37.4% to N43.8 billion.
Other positives from the period include a 53% drop in impairment loss on financial assets.
Meanwhile, largest shareholder Femi Otedola further reduced his stake in Geregu Power at the end of September 2025 by about 12 million shares to 76.38%or 1.909 billion shares, from 76.86% or 1.921 billion shares in June.
The stake reduction was likely done to continue to increase the free float of the stock and improve liquidity.
The company also projected a profit after tax (PAT) of 12.02 billion in the first quarter of 2026.
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