Geregu Power Plc is forecasting a post-tax profit of N12.1 billion for the fourth quarter of 2025, up from an estimated N11.7 billion for Q3, which is yet to be released.
The forecast, filed on the NGX and signed by the CEO and CFO, reflects the company’s expectations for its earnings in the final quarter.
If realized, this projection would bring the total post-tax profit for 2025 to around N44 billion or more, assuming quarterly results meet estimates.
With the Q4 projection at N12.1 billion, it will be important to watch for the factors that could help the company meet or even surpass this target.
In the second quarter of 2025, Geregu Power reported a significant increase in revenue, which surged to N55.8 billion compared to N30.2 billion in the same quarter of the previous year.
After accounting for the cost of sales of N32.1 billion, the company recorded a gross profit of N23.7 billion, up 81.8% from N13 billion in the previous year.
In the first quarter, the company had reported revenue of N31.7 billion, down from N50.4 billion in the same quarter of 2024.
While Q1’s performance was softer than Q2, the strong improvement in the second quarter reflects solid growth and a healthier top-line performance.
Part of the company’s strength in 2025 has been its operational health across both quarters.
In Q2, it reported an operating profit of N15 billion, up 73.7% from N8.6 billion in the previous year.
Despite rising operating expenses, particularly impairment losses on financial assets, which increased to N6 billion from N2 billion, the company still generated profit from core operations.
In the first quarter, it recorded an operating profit of N14.6 billion, down from N21.7 billion in the same period the previous year.
Operating expenses were well managed in Q1, even with a decline in top-line revenue.
The improvement in Q2 operational profit highlights an improvement in core operational activities.
Going forward, sustained profitability will likely depend on strong top-line growth and continued cost management.