Geregu Power Plc liabilities rose significantly to N246.38 billion from N190.91 billion, in its 2025 financial year,.

This, it was learnt, is primarily driven by increases in trade payables and short-term borrowings.

Similarly, Geregu’s share price went flat at N1,141.50 from March 14, 2025, through January 16, 2026.
This marks a slight decline from the opening price of N1,150.00 on January 2, 2025, resulting in a year-to-date return of -0.74% for 2025. The month-to-month performance for January 2026 remains unchanged as the stock has not moved.

Over the last three months, the stock has seen limited activity, ranking 93rd in trade volume with 32.2 million shares exchanged across 3,745 deals.

This is despite the company has declared a proposed dividend of N9.00 per share for the 2025 financial year, up from N8.50 in 2024,.
Moreover, the full-year profit after tax slipped marginally to N27.25 billion from N27.42 billion the year before.

For the fourth quarter of 2025, however, the company’s pre-tax profit came in at N9.56 billion, lower than the N11.78 billion posted in Q3 2025, and also slightly below the N9.84 billion recorded in Q4 2024.

Meanwhile, the Nigeria’s electricity generation company also reported a marginal rise in pre-tax profit to N41.98 billion for the full year ended December 31, 2025, reflecting a 1.74% increase from N41.26 billion recorded in 2024.
On the balance sheet side, total assets expanded due to higher receivables, which rose to N201.1 billion, and a doubling of inventories.

The company saw a significant boost in annual revenue, driven by higher energy sales and capacity charges. performance was slightly weighed down by rising costs.

Recall that the billionaire businessman, Mr. Femi Otedola had recently completed a $750 million divestment, after he had a 77% controlling stake in Geregu Power earlier.
He sold his 95% stake in Amperion Power Distribution Company Ltd (which controlled Geregu Power) to MA’AM Energy Ltd. The new owner is an Abuja-based integrated energy company active in power generation and trading.