Geregu Power Plc Eyes N12 Billion Profit in Q1 2026 on Stronger Revenue Surge
Geregu Power Plc, owned by billionaire Femi Otedola, anticipates a N12.02 billion profit in Q1 2026, a 15.2% increase from the previous year. The company's revenue is expected to surge to N57.11 billion, with a substantial portion coming from energy sales.
Despite higher financial costs, Geregu Power's revenue for the year ending September 2025 reached N131.4 billion, marking its highest net profit in five years. The company aims to double its net profit to N44.02 billion for the full year.
With a focus on revenue growth, Geregu Power is poised to achieve its highest revenue ever in 2025 at N207.66 billion.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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