Geregu Power Plc has released its unaudited interim financial statements for the third quarter ended September 30, 2025, reporting a pre-tax profit of N11.151 billion, representing an 82.47% year-on-year growth, though slightly missing its Q3 2025 forecast.
Combined with its H1 profit of N26.311 billion, the company’s nine-month pre-tax profit stood at N37.462 billion, which is 3.31% higher than the nine-month figure for 2024.
Revenue for Q3 2025 grew by 37.38% YoY to N43.834 billion, pushing the nine-month revenue to N131.467 billion; about 96% of the 2024 full-year total.
A review of the financial statements shows that energy sales remain the dominant revenue driver, accounting for over 65% of total revenue.
On the cost side, gas supply and transportation continue to account for a significant portion of direct expenses, consuming over 65% of revenue in Q3 2025, compared to about 58% in Q3 2024.
Nevertheless, the company maintained solid profitability, with profit from core operations rising to N12.546 billion in Q3, representing an 89.98% increase from N6.604 billion recorded in the same period last year.
On the balance sheet, total assets grew to N273.152 billion as of September 2025, up from N243.470 billion in December 2024.
As of the close of trading on October 10, 2025, Geregu Power Plc’s shares were priced at N1,141.50 on the Nigerian Exchange, reflecting a 0.74% year-to-date decline.
Overall while rising gas and input costs, along with growing receivables, remain key concerns; Geregu’s consistent profitability and solid balance sheet are encouraging.