Geregu Power Plc (NGX: GEREGU)

Geregu Power Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	128,889	82,909	47,619	70,957	53,677	42,164
Revenue Growth (YoY)	165.67%	74.11%	-32.89%	32.19%	27.30%	20.45%
Operations & Maintenance	7,088	6,541	273.31	253.67	539.14	242.31
Selling, General & Admin	4,092	2,959	1,578	2,223	1,521	1,073
Depreciation & Amortization	438.91	423.91	302.61	185.04	126.99	90.96
Amortization of Goodwill & Intangibles	1.51	4.69	6.52	6.52	-	-
Provision for Bad Debts	3,465	-723.51	3,559	743.37	673.48	-
Other Operating Expenses	66,223	43,231	27,013	39,598	32,383	26,209
Total Operating Expenses	81,308	52,436	32,732	43,010	35,244	27,616
Operating Income	47,581	30,473	14,887	27,947	18,432	14,548
Interest Expense	-9,540	-10,831	-7,326	-959.08	-26.95	-333.94
Interest Income	7,809	7,798	7,674	948.06	1,572	748.32
Net Interest Expense	-1,731	-3,033	348.16	-11.01	1,545	414.39
Currency Exchange Gain (Loss)	-16.29	502.27	157.25	1,649	525.55	318.22
Other Non-Operating Income (Expenses)	-3,724	-3,692	-55.11	-71.65	-15.36	-11.01
EBT Excluding Unusual Items	42,110	24,250	15,337	29,513	20,488	15,270
Gain (Loss) on Sale of Assets	-	-	-	-0.73	-	-
Insurance Settlements	-	-	-	-	161.23	284.3
Other Unusual Items	140	140	-168.71	-	-	-
Pretax Income	42,250	24,390	15,168	29,512	20,649	15,554
Income Tax Expense	14,238	8,337	4,997	8,962	6,523	5,161
Net Income	28,012	16,053	10,171	20,550	14,125	10,393
Net Income to Common	28,012	16,053	10,171	20,550	14,125	10,393
Net Income Growth	199.86%	57.82%	-50.50%	45.49%	35.91%	-5.81%
Shares Outstanding (Basic)	2,500	2,500	2,500	2,500	2,500	2,500
Shares Outstanding (Diluted)	2,500	2,500	2,500	2,500	2,500	2,500
Shares Change (YoY)	-	-	-	-	-	1.54%
EPS (Basic)	11.20	6.42	4.07	8.22	5.65	4.16
EPS (Diluted)	11.20	6.42	4.07	8.22	5.65	4.16
EPS Growth	199.86%	57.82%	-50.50%	45.49%	35.91%	-7.24%
Free Cash Flow	24,426	54,632	7,835	25,849	2,755	21,931
Free Cash Flow Per Share	9.77	21.85	3.13	10.34	1.10	8.77
Dividend Per Share	8.000	8.000	8.000	-	-	-
Profit Margin	21.73%	19.36%	21.36%	28.96%	26.32%	24.65%
Free Cash Flow Margin	18.95%	65.89%	16.45%	36.43%	5.13%	52.01%
EBITDA	50,010	33,052	17,443	32,559	22,707	18,730
EBITDA Margin	38.80%	39.87%	36.63%	45.88%	42.30%	44.42%
D&A For EBITDA	2,429	2,579	2,556	4,611	4,275	4,182
EBIT	47,581	30,473	14,887	27,947	18,432	14,548
EBIT Margin	36.92%	36.75%	31.26%	39.39%	34.34%	34.50%
Effective Tax Rate	33.70%	34.18%	32.94%	30.37%	31.59%	33.18%

Source: S&P Capital IQ. Utility template. Financial Sources.