Geregu Power Plc (NGX:GEREGU)

Geregu Power Income Statement

Financials in millions NGN. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	184,936	137,127	82,909	47,619	70,957
Revenue Growth (YoY)	34.87%	65.39%	74.11%	-32.89%	32.19%
Operations & Maintenance	1,284	1,504	6,572	273.31	253.67
Selling, General & Admin	8,343	5,241	2,959	1,578	2,223
Depreciation & Amortization	403.24	436.67	423.91	302.61	185.04
Amortization of Goodwill & Intangibles	-	-	4.69	6.52	6.52
Provision for Bad Debts	10,075	9,447	-723.51	3,559	743.37
Other Operating Expenses	118,285	76,824	43,200	27,013	39,598
Total Operating Expenses	138,390	93,454	52,436	32,732	43,010
Operating Income	46,546	43,673	30,473	14,887	27,947
Interest Expense	-12,590	-10,227	-10,831	-7,326	-959.08
Interest Income	6,425	8,540	7,798	7,674	948.06
Net Interest Expense	-6,164	-1,687	-3,033	348.16	-11.01
Currency Exchange Gain (Loss)	-20.06	-619.09	502.27	157.25	1,649
Other Non-Operating Income (Expenses)	-223.19	-146.67	-3,784	-55.11	-71.65
EBT Excluding Unusual Items	40,138	41,221	24,157	15,337	29,513
Gain (Loss) on Sale of Assets	-	-	-	-	-0.73
Insurance Settlements	1,818	-	-	-	-
Other Unusual Items	28.71	45.54	232.44	-168.71	-
Pretax Income	41,985	41,266	24,390	15,168	29,512
Income Tax Expense	14,735	13,841	8,337	4,997	8,962
Net Income	27,251	27,425	16,053	10,171	20,550
Net Income to Common	27,251	27,425	16,053	10,171	20,550
Net Income Growth	-0.64%	70.84%	57.82%	-50.51%	45.49%
Shares Outstanding (Basic)	2,500	2,500	2,500	2,500	2,500
Shares Outstanding (Diluted)	2,500	2,500	2,500	2,500	2,500
EPS (Basic)	10.90	10.97	6.42	4.07	8.22
EPS (Diluted)	10.90	10.97	6.42	4.07	8.22
EPS Growth	-0.64%	70.84%	57.82%	-50.51%	45.49%
Free Cash Flow	18,194	-14,766	54,613	7,835	25,849
Free Cash Flow Per Share	7.28	-5.91	21.84	3.13	10.34
Dividend Per Share	9.000	8.500	8.000	8.000	-
Dividend Growth	5.88%	6.25%	-	-	-
Profit Margin	14.74%	20.00%	19.36%	21.36%	28.96%
Free Cash Flow Margin	9.84%	-10.77%	65.87%	16.45%	36.43%
EBITDA	51,514	54,393	33,052	17,443	32,559
EBITDA Margin	27.86%	39.67%	39.87%	36.63%	45.88%
D&A For EBITDA	4,968	10,720	2,579	2,556	4,611
EBIT	46,546	43,673	30,473	14,887	27,947
EBIT Margin	25.17%	31.85%	36.75%	31.26%	39.39%
Effective Tax Rate	35.09%	33.54%	34.18%	32.94%	30.37%

Source: S&P Global Market Intelligence. Utility template. Financial Sources.