Geregu Power Reports N60.73bn Equity Growth in Q1 2026

Geregu Power Plc, a major player in Nigeria's electricity value chain, announced an equity growth of N60.73 billion for the first quarter ending March 31, 2026, according to its unaudited interim financial statement submitted to the Nigerian Exchange on Thursday. The company's equity rose from N58.63 billion at the end of December 2025, primarily driven by an increase in retained earnings, which climbed to N59.45 billion during the period.

The interim financial statement was approved by the board of directors on April 16, 2026. The report, signed by Director Abdullahi Tsafe and CFO Shehu Bello, also highlighted a strategic reduction in the company's debt profile, with total liabilities dropping from N246.38 billion in December 2025 to N239.33 billion by the end of March 2026, a reduction of approximately N7.05 billion in just three months.

The company's total asset base saw a slight contraction to N300.06 billion, down from N305.01 billion in December, reflecting cash utilization to settle obligations, while cash and cash equivalents stood at N29.37 billion.