Geregu Power Targets N12.026bn Profit for Q1-2026
Geregu Power Plc is targeting N12.026 billion profit after tax for the first quarter of financial year 2026, according to its latest earnings forecast release.
The power-generating company projected that its total revenue from January to March 2026 will settle at N57.111 billion. The company estimated costs of sales will amount to N34.239 billion, leaving gross profit at N22.878 billion.
Geregu Power anticipates impairment on financial assets will fall below fair value and hence made a provision of N2.250 billion for charges for the purpose. Also, the management targets to spend N2.509 billion as administrative expenses.
Reflecting a significant interest payment on borrowed funds, Geregu Power forecasted net finance costs to reach N1.063 billion in Q1-2026.
The company targets N17.056 billion in pre-tax profit for the same period, and tax expenses is estimated at N5.029 billion.
At the end of Q1-2026, Geregu Power plans to declare N12.026 billion in net profit. Operating cash flow before working capital changes is expected to settle at N20.197 billion at the same time.
The power-generating company share price has stagnated at N1141.50 for a long period due to thin trading activities, even after earnings beat in Q3-2025. Oando: Undervalued Giant Poised for Comeback, Investors Await Strategic Reset
