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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	139,745	82,909	47,619	70,957	53,677	42,164
Revenue Growth (YoY)	117.12%	74.11%	-32.89%	32.19%	27.30%	20.45%
Operations & Maintenance	6,243	6,541	273.31	253.67	539.14	242.31
Selling, General & Admin	4,642	2,959	1,578	2,223	1,521	1,073
Depreciation & Amortization	440.12	423.91	302.61	185.04	126.99	90.96
Amortization of Goodwill & Intangibles	-	4.69	6.52	6.52	-	-
Provision for Bad Debts	6,383	-723.51	3,559	743.37	673.48	-
Other Operating Expenses	74,672	43,231	27,013	39,598	32,383	26,209
Total Operating Expenses	92,380	52,436	32,732	43,010	35,244	27,616
Operating Income	47,365	30,473	14,887	27,947	18,432	14,548
Interest Expense	-9,676	-10,831	-7,326	-959.08	-26.95	-333.94
Interest Income	8,290	7,798	7,674	948.06	1,572	748.32
Net Interest Expense	-1,386	-3,033	348.16	-11.01	1,545	414.39
Currency Exchange Gain (Loss)	771.31	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	43,026	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	43,166	24,390	15,168	29,512	20,649	15,554
Income Tax Expense	14,283	8,337	4,997	8,962	6,523	5,161
Net Income	28,883	16,053	10,171	20,550	14,125	10,393
Net Income to Common	28,883	16,053	10,171	20,550	14,125	10,393
Net Income Growth	151.12%	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)	11.55	6.42	4.07	8.22	5.65	4.16
EPS (Diluted)	11.55	6.42	4.07	8.22	5.65	4.16
EPS Growth	151.23%	57.82%	-50.50%	45.49%	35.91%	-7.24%
Free Cash Flow	16,765	54,632	7,835	25,849	2,755	21,931
Free Cash Flow Per Share	6.71	21.85	3.13	10.34	1.10	8.77
Dividend Per Share	8.000	8.000	8.000	-	-	-
Profit Margin	20.67%	19.36%	21.36%	28.96%	26.32%	24.65%
Free Cash Flow Margin	12.00%	65.89%	16.45%	36.43%	5.13%	52.01%
EBITDA	50,450	33,052	17,443	32,559	22,707	18,730
EBITDA Margin	36.10%	39.87%	36.63%	45.88%	42.30%	44.42%
D&A For EBITDA	3,085	2,579	2,556	4,611	4,275	4,182
EBIT	47,365	30,473	14,887	27,947	18,432	14,548
EBIT Margin	33.89%	36.75%	31.26%	39.39%	34.34%	34.50%
Effective Tax Rate	33.09%	34.18%	32.94%	30.37%	31.59%	33.18%

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