Geregu Energy Plc, a number one Nigerian electrical energy generator now led by former governor Abdulaziz Yari, continued its document of regular monetary outcomes, posting a pre-tax revenue of N41.98 billion ($29.53 million) for the 2025 fiscal 12 months. Income surged previous N184 billion ($130.17 million), reinforcing the corporate’s position as one of many nation’s most important energy suppliers.
Income development offsets larger bills
The company’s latest annual report exhibits that income from vitality gross sales rose from N87.46 billion ($61.53 million) in 2024 to N120.81 billion ($84.99 million) in 2025. Capability expenses additionally grew, climbing from N49.7 billion ($35 million) to N64.1 billion ($45.1 million).
These positive aspects helped offset larger administrative bills of N17.8 billion ($12.52 million) and an earnings tax expense of N14.7 billion ($10.34 million), thus leaving revenue after tax barely decrease at N27.25 billion ($19.17 million), in contrast with N27.42 billion ($19.28 million) in 2024.
Earnings per share stood at N10.9 ($0.00766), and the board authorised a closing dividend of N9 ($0.00771) per share, pending shareholder approval on the subsequent annual common assembly. The payout compares with N8.5 ($0.00597) per share distributed in 2024.
Geregu Energy: First publicly listed Nigerian energy firm
Based in 2006, Geregu Energy started supplying electrical energy to Nigeria’s nationwide grid in 2007. Its 435-megawatt plant has been a gentle contributor to the nation’s vitality provide. In 2013, Otedola’s Amperion Energy Distribution Firm, in partnership with Calvados International Companies and China’s State Grid Shanghai Municipal Electrical Energy Firm, acquired the corporate.
Below Otedola’s management, a $94 million improve in 2014 boosted capability and effectivity, resulting in full utilization. By 2021, Otedola held full possession, culminating in Geregu Energy’s public itemizing on the Nigerian Alternate (NGX) in October 2022, the primary electrical energy era firm to attain this milestone.
MA’AM Vitality acquires Geregu stake; belongings rise to $214.6 million
Possession shifted on the finish of 2025 when MA’AM Vitality, managed by Yari, acquired 95 p.c of Amperion Energy Distribution. The switch gave MA’AM Vitality a 77 p.c stake in Geregu Energy, whereas Otedola retained 1.05 p.c. Regardless of the adjustments the corporate continued posting sturdy monetary outcomes.
Complete belongings rose from N243.47 billion ($171.31 million) in 2024 to N305 billion ($214.61 million) in 2025. Shareholders’ fairness elevated from N52.56 billion ($36.98 million) to N58.63 billion ($41.24 million), and retained earnings grew to N57.34 billion ($40.33 million). MA’AM Energy is set to receive N17.3 billion ($12.22 million) in dividend payouts from Geregu Energy.
