Geregu Power Targets 18.6% Profit Margin in Q1-2025
Geregu Power Plc has forecasted to achieve a net profit margin of 18.6% in the first quarter of the financial year 2025, according to a regulatory filing in the Nigerian Exchange (NGX) on Monday.
The power-generating company revealed in its earnings forecast that revenue would print at N60.919 billion in the first three months of operation next year. Cost of sales is expected to settle at N35.942 billion at the same time, leaving the company with a gross profit of N24.976 billion.
This translates to a gross margin of 40.998%, while an impairment loss of N3.70 billion on financial assets is anticipated to affect operating profit. Geregu Power forecasted that the company’s operating target would settle at N18.49 billion at the end of Q1 in 2025.
Net finance cost is expected to print at N1.584 billion as finance income reduces interest payments on borrowed funds. Profit before tax is estimated to settle at N16.905 billion in the first three months in new financial year.
A tax provision of N5.579 billion is expected to reduce Geregu Power Plc’s net income to N11.326 billion in Q1-2025.
The power-generating company share price has remained at N1150 over the last seven trading sessions on the Nigerian Exchange trading platform. This translates to 18.59% profit margin for the company. #Geregu Power Targets 18.6% Profit Margin in Q1-2025 GCR Affirms Tangerine General Insurance Financial Strength Rating of A-(NG)
