Geregu Energy has introduced that its board authorized a dividend of N9 per abnormal share, totaling N22.5 billion, for the 2025 monetary yr.
The disclosure, filed on the NGX and signed by firm secretary, The Construction HQ Restricted, confirmed that the board additionally reviewed Geregu Energy’s audited monetary statements for the yr ended 31 December 2025.
The ultimate dividend, along with the monetary statements, will probably be topic to shareholder approval on the upcoming Annual Normal Assembly, the date of which is but to be introduced.
What the info is saying
The proposed N9 dividend per share represents a gentle enhance from N8.5 in FY 2024 and N8.0 the earlier yr, persevering with a development of rising payouts.
With 2.5 billion excellent shares, the full dividend quantities to N22.5 billion, up from N21.25 billion the earlier yr.
At Geregu’s present market value of N1,141.5 per share, the dividend yield stands at 0.79%, barely greater than the 0.75% recorded in 2024.
Though fourth-quarter earnings are but to be launched, the obtainable knowledge factors to a robust efficiency in 2025.
For the 9 months ended September 2025, retained earnings rose to N55.1 billion from N51.3 billion, accounting for practically 98% of whole fairness.
Pre-tax revenue rose 3.31% to N37.46 billion for 9 months, whereas Q3 income jumped 37.38% to N43.83 billion, bringing nine-month income to N131.47 billion, practically matching 2024’s full-year whole.
- The expansion was largely pushed by power gross sales of N85.5 billion and capability prices of N45.9 billion from January to September, regardless of rising working prices.
- Working revenue rose to N42.2 billion, up from N37 billion in the identical interval final yr.
On the steadiness sheet, whole property expanded to N273.1 billion, whereas whole liabilities elevated 13.53% to N216.7 billion, reflecting each enterprise progress and continued funding in operations.
Extra insights
Along with its monetary efficiency, Geregu Energy is poised to profit from ongoing authorities efforts to resolve excellent money owed within the energy sector.
The corporate and its new majority proprietor, MA’AM Power Ltd, are anticipated to obtain a good portion of a N500 billion payout by the Federal Authorities.
That is a part of a broader N4 trillion Genco debt, which the federal government is addressing via bond issuances, probably boosting sector liquidity and strengthening Geregu Energy’s monetary place.
The dividend announcement additionally comes within the wake of a serious company shift. Femi Otedola, the billionaire businessman who beforehand held a 77% controlling stake in Geregu Energy, accomplished a landmark $750 million divestment.
He bought his 95% stake in Amperion Energy Distribution Firm Ltd (which managed Geregu Energy) to MA’AM Power Ltd, marking considered one of Nigeria’s largest non-public energy sector offers.
MA’AM Power, now the bulk shareholder, is an Abuja-based built-in power firm energetic in energy technology and buying and selling.
What you need to know
Geregu Energy Plc is considered one of Nigeria’s main electrical energy technology corporations.
- The corporate’s former majority proprietor, Femi Otedola, exited in a $750 million deal in 2025, promoting his stake to MA’AM Power Ltd.
- MA’AM Power Ltd now controls Geregu and is predicted to profit from the Federal Authorities’s bond issuance to repay energy sector money owed.
- In a associated improvement, Nairametrics not too long ago reported on the Federal Authorities’s N500 billion bond plan to clear excellent money owed to Gencos, together with Geregu.
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