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Geregu Power
On this page
Company details
- Legal name
- Geregu Power Plc
- Listing
- GEREGU on the Nigerian Exchange, active · ISIN NGGEREGU0000 (observed 2026-10-08)
- Sector
- Not classified (our classification from the stated principal activity)
- Financial year ends
- 31 December
Overview
Year ended 31 December 2025 · annual report, signed / final · source
-
Revenue
NGN 185 billion
184,935,803 NGN thousands · p37
+34.9% vs 2024
-
Operating profit / (loss)
NGN 48.1 billion
48,149,444 NGN thousands · p37
+12.1% vs 2024
-
Profit / (loss) for the year
NGN 27.3 billion
27,250,503 NGN thousands · p37
−0.6% vs 2024
-
Total assets
NGN 305 billion
305,005,387 NGN thousands · p36
+25.3% vs 2024
-
Total equity
NGN 58.6 billion
58,628,000 NGN thousands · p36
+11.5% vs 2024
-
Cash from operations
NGN 19.6 billion
19,603,381 NGN thousands · p39
−26.1% vs 2024
Large amounts are rounded for reading (NGN million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.
Financial statements
Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in NGN thousands unless the row says otherwise; brackets are negative.
† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table
Column sources
- FY2025 — annual report, signed / final; reported for the year · source
- FY2024 — annual report, signed / final; comparative in the FY2025 filing · source
Income statement
| Line (as printed) | FY2025Annual reportreported for the year | FY2024Annual reportcomparative in FY2025 filing |
|---|---|---|
| Revenue | 184,935,803 | 137,126,532 |
| Cost of sales | (110,726,883) | (74,397,381) |
| Gross profit | 74,208,920 | 62,729,151 |
| Other income/(loss) | 1,804,896 | (583,766) |
| Administrative expenses | (17,817,665) | (9,790,710) |
| Impairment charge on financial assets | (10,046,707) | (9,401,952) |
| Operating profit | 48,149,444 | 42,952,723 |
| Finance income | 6,425,133 | 8,540,399 |
| Finance cost | (12,589,544) | (10,227,034) |
| Net finance cost1 | (6,164,411) | (1,686,635) |
| Profit before income tax | 41,985,033 | 41,266,088 |
| Income tax expense | (14,734,530) | (13,841,019) |
| Profit for the year | 27,250,503 | 27,425,069 |
| Re-measurement of defined benefit plans2 | 62,577 | (14,058) |
| Other comprehensive income/(loss) for the year | 62,577 | (14,058) |
| Total comprehensive income for the year | 27,313,080 | 27,411,011 |
Notes and alternative reported figures (2)
- “Net finance cost” is an issuer-specific line, not mapped to a shared definition: Finance income less finance cost (p37).
- “Re-measurement of defined benefit plans” is an issuer-specific line, not mapped to a shared definition: OCI, items not reclassified (note 19, p37).
Balance sheet
| Line (as printed) | FY2025Annual reportreported for the year | FY2024Annual reportcomparative in FY2025 filing |
|---|---|---|
| Property, plant and equipment | 63,050,211 | 72,657,733 |
| Intangible assets | –1 | 29 |
| Defined benefit plan2 | 50,272 | 11,987 |
| Total non-current assets | 63,100,483 | 72,669,749 |
| Inventories | 1,314,923 | 623,675 |
| Trade and other receivables | 201,108,440 | 121,820,410 |
| Other current assets3 | 7,634,826 | 8,420,962 |
| Cash and cash equivalents | 31,846,715 | 39,935,627 |
| Total current assets | 241,904,904 | 170,800,674 |
| Total assets | 305,005,387 | 243,470,423 |
| Share capital | 1,250,000 | 1,250,000 |
| Retained earnings | 57,344,831 | 51,344,328 |
| Actuarial reserves4 | 33,169 | (29,408) |
| Total equity | 58,628,000 | 52,564,920 |
| Deferred tax liabilities | 4,018,115 | 6,979,747 |
| Borrowings | 4,013,538 | 8,483,200 |
| Bond Payable5 | 24,180,959 | 32,068,000 |
| Total non-current liabilities | 32,212,612 | 47,530,947 |
| Trade and other payables | 136,855,640 | 98,135,076 |
| Tax payable | 37,416,567 | 19,970,405 |
| Borrowings | 29,926,449 | 14,682,950 |
| Bond Payable5 | 9,966,119 | 10,586,125 |
| Total current liabilities | 214,164,775 | 143,374,556 |
| Total liabilities | 246,377,387 | 190,905,503 |
| Total equity and liabilities | 305,005,387 | 243,470,423 |
- Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_assets.
Notes and alternative reported figures (4)
- “Defined benefit plan” is an issuer-specific line, not mapped to a shared definition: Net defined benefit asset, non-current (note 19, p36).
- “Other current assets” is an issuer-specific line, not mapped to a shared definition: Note 17 (p36).
- “Actuarial reserves” is an issuer-specific line, not mapped to a shared definition: Equity (note 20, p36).
- “Bond Payable” is an issuer-specific line, not mapped to a shared definition: Note 22 (p36).
Cash flow
| Line (as printed) | FY2025Annual reportreported for the year | FY2024Annual reportcomparative in FY2025 filing |
|---|---|---|
| Cash generated from operations | 20,977,911 | 31,294,794 |
| Interest paid | (919,034) | –1 |
| Net interest received/(paid) on related party loan2 | 173,088 | (1,024,519) |
| Income taxes paid | (250,000) | (3,626,311) |
| Gratuity payment during the year3 | (273,504) | (2,817) |
| Payment for funding of long term employee benefits4 | (105,079) | (130,543) |
| Net cash generated from operating activities | 19,603,381 | 26,510,604 |
| Interest received(note 10.1) | 3,765,501 | 8,367,032 |
| Payment for acquisition of property, plant and equipment | (1,409,324) | (41,276,388) |
| Repayment of related party loan principal and interest5 | 18,591,851 | 47,064,874 |
| Additions to related party loan6 | (18,239,950) | (42,326,755) |
| Net cash from investing activities (unlabelled subtotal) | 2,708,077 | (28,171,237) |
| Dividend paid | (21,250,000) | (20,000,000) |
| Repayment of loan principal and interest7 | (14,894,304) | (11,841,201) |
| Proceeds from borrowings | 13,849,133 | 9,700,000 |
| Payment of bond coupon8 | (13,533,092) | (5,899,793) |
| Net cash used in financing activities | (35,828,263) | (28,040,994) |
| Cash and cash equivalents at 1 January | 39,935,627 | 70,256,344 |
| Decrease in cash and cash equivalents | (13,516,804) | (29,701,626) |
| Effects of exchange rate changes on cash and cash equivalent | (20,056) | (619,091) |
| Cash and cash equivalents at 31 December | 26,398,766 | 39,935,627 |
- Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_operations.
Notes and alternative reported figures (7)
- “Net interest received/(paid) on related party loan” is an issuer-specific line, not mapped to a shared definition: Operating activities (p39).
- “Gratuity payment during the year” is an issuer-specific line, not mapped to a shared definition: Operating activities (p39).
- “Payment for funding of long term employee benefits” is an issuer-specific line, not mapped to a shared definition: Operating activities (p39).
- “Repayment of related party loan principal and interest” is an issuer-specific line, not mapped to a shared definition: Investing activities (p39).
- “Additions to related party loan” is an issuer-specific line, not mapped to a shared definition: Investing activities (p39).
- “Repayment of loan principal and interest”: mapping to a shared definition is uncertain. Printed 'Repayment of loan principal and interest': principal and interest together.
- “Payment of bond coupon” is an issuer-specific line, not mapped to a shared definition: Financing activities (p39).
Segments
Segment data not yet collected for this company in the pilot.
Dividends
Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.
| Year ended | Event | Wording as printed | Amount | Unit | Source |
|---|---|---|---|---|---|
| 31 Dec 2025 | Dividends paid (cash flow statement) | Dividend paid |
(21,250,000) | NGN thousands | Annual report, p39 |
| 31 Dec 2024 | Dividends paid (cash flow statement) | Dividend paid |
(20,000,000) | NGN thousands | Annual report, p39 |
Sources
Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.
-
GEREGU POWER PLC ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
Year ended 31 December 2025 · Annual report · signed / final
Audit: PricewaterhouseCoopers (Nigeria), unmodified opinion · signed
Auditor's sign-off: PricewaterhouseCoopers; engagement partner Akinyemi Akingbade (FRC/2013/PRO/ICAN/004/00000004012)
Final status: Independent auditor's report 'For: PricewaterhouseCoopers, Chartered Accountants, Lagos, Nigeria', engagement partner Akinyemi Akingbade (FRC/2013/PRO/ICAN/004/00000004012), dated 17 January 2026, with a script signature 'Akinyemi Akingbade' (placed over the text of item iii above, not on a signature line) and the ICAN seal 0389046 (PDF p35, page image); opinion on PDF p32. The statements were approved by the Board on 15 January 2026 and signed by Abdulkarim Abdullahi Tsafe (Director) and Ganiyu L. Adisa (Chief Financial Officer) (PDF p36, page image).
- Document date
- 17 Jan 2026
- Auditor's report
- 17 Jan 2026
- Board approval
- 15 Jan 2026
- Retrieved by us
- 8 Oct 2026 (not a publication date)
- Used for
- statement columns FY2025, FY2024
- Basis
- company statements · NGN thousands (printed “N'000”)
- Cash and cash equivalents at 31 December 2025 in the statement of cash flows (26,398,766) differ from the statement of financial position (31,846,715): note 18.1 (PDF p68) deducts a bank overdraft (5,447,949; 2024: nil) that the statement of financial position does not print separately. Note 18: 31,769,082 of the cash is restricted (net bond proceeds held for the acquisition of a power generation company) (PDF p68).
- Interest received is presented within investing activities (p39). The investing activities total (2,708,077; 2024: (28,171,237)) is printed without a label (p39). The 2025 operating items sum to 19,603,382 against 19,603,381 printed, and the three activity totals to (13,516,805) against (13,516,804) printed (rounding, kept as printed).
- Dividend paid in 2025: N8.5 per share (21,250,000); dividend proposed for 2025: N9 per share (22,500,000), not recognised as a liability (note 3.2.2, PDF p60).
Technical details
- File
- 78 pages, scanned (figures read by OCR and checked against the page image)
- SHA-256
8168ce1d8ed536424116dce5fdb0d18592be72aea381ea9aabbeaae3a30a1c99- Entity as printed
- Geregu Power Plc
- Exchange copy
- retrieved 2026-10-08T18:03:14Z
Data notes
- Total non-current assets — OCR read '72.669,745'; the page image shows '72,669,749'. OCR reads a comma as a full stop and the last digit 9 as 5; the render prints 72,669,749 (page image). (GEREGU POWER PLC ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025, p36)
- Other current assets — OCR read '8.420.962'; the page image shows '8,420,962'. OCR reads a thousands comma as a full stop; the render prints commas (page image). (GEREGU POWER PLC ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025, p36)
- Cash and cash equivalents — OCR read '39.935,627'; the page image shows '39,935,627'. OCR reads a thousands comma as a full stop; the render prints commas (page image). (GEREGU POWER PLC ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025, p36)
- Total non-current liabilities — OCR read '47,530.947'; the page image shows '47,530,947'. OCR reads a thousands comma as a full stop; the render prints commas (page image). (GEREGU POWER PLC ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025, p36)
- Net finance cost — OCR read '(1.686,635)'; the page image shows '(1,686,635)'. OCR reads a thousands comma as a full stop; the render prints commas (page image). (GEREGU POWER PLC ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025, p37)
- Income taxes paid — OCR read '(3,626.311)'; the page image shows '(3,626,311)'. OCR reads a thousands comma as a full stop; the render prints commas (page image). (GEREGU POWER PLC ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025, p39)
- Decrease in cash and cash equivalents — OCR read '(29,701.626)'; the page image shows '(29,701,626)'. OCR reads a thousands comma as a full stop; the render prints commas (page image). (GEREGU POWER PLC ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025, p39)
Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to OCR text and compared cell by cell with the page image; read from the page image) (9 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.
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Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.