Geregu Energy Plc is projecting a pre-tax revenue of N17.06 billion for the primary quarter of 2026, in line with its earnings forecast filed with the Nigerian Alternate (NGX) on Thursday.
The outlook, collectively signed by the corporate’s chief govt and chief monetary officer, marks the corporate’s first official steerage for the brand new monetary yr 2026 and suggests a modest goal when put next with the N13 billion pre-tax revenue reported in comparable interval of 2025.
If realised, the projection will place Geregu on monitor for an improved year-on-year earnings efficiency.
Geregu’s Q1 2026 forecast exhibits the corporate expects:
- Revenue earlier than tax of N17.06 billion, supported by continued sturdy income efficiency and tight price management. The corporate initiatives:
- Income determine of N57.12 billion, considerably larger than the degrees seen within the early quarters of 2025, suggesting confidence in vitality demand progress and improved plant availability going into 2026.
Geregu Energy’s forecast for Q1 2026 at a look:
- Income: N57.117 billion
- Gross Revenue: N22.878 billion
- Value of Gross sales: N34.239 billion
- Revenue Earlier than Earnings Tax: N17.055 billion
- Earnings Tax Expense: N5.029 billion
- Revenue for the Interval: N12.026 billion
- Impairment Loss on Monetary Belongings: N2.250 billion
- Administrative Bills: N2.509 billion
- Working Revenue: N18.118 billion
Sturdy top-line efficiency
The corporate’s top-line expectations mirror stable working exercise. Geregu Energy forecasts N57.12 billion in income for the primary three months of 2026, matching the sharp rebound in gross sales recorded within the second quarter of 2025 when income jumped to N55.8 billion from N30.2 billion in the identical interval of the earlier yr.
The Q1 2026 projection features a gross revenue of N22.88 billion, after accounting for a price of gross sales of N34.24 billion. This margin aligns with the corporate’s bettering working effectivity seen in 2025, significantly throughout Q2 when a stronger capacity-charge efficiency and regular vitality gross sales helped carry gross revenue to N23.75 billion.
Regardless of an anticipated N2.25 billion impairment loss on monetary belongings, the corporate initiatives its working revenue to achieve N18.12 billion, demonstrating resilience in its core enterprise.
Operational well being and price self-discipline
Operational sustainability stays certainly one of Geregu’s strongest anchors. The forecast exhibits administrative bills at N2.51 billion, per previous quarters and indicative of disciplined overhead administration. Finance revenue of N1.14 billion and finance prices of N2.20 billion depart a internet finance price of N1.06 billion, a manageable burden contemplating the corporate’s anticipated working revenue power.
On the cash-flow entrance, Geregu anticipates N21.66 billion in internet money generated from working actions, supported by sturdy receipts from vitality and capability fees totalling N57.78 billion.
After taxes and provider funds, the corporate expects to shut the quarter with N46.68 billion in money, up from N32.8 billion at the beginning of the yr.
Though the corporate plans bond repayments totalling N6.35 billion and curiosity funds of N1.95 billion, money flows stay constructive as a result of wholesome working inflows and average capital expenditure.
Outlook
With a Q1 2026 pre-tax revenue projection of N17.06 billion, Geregu Energy is positioning for one more yr of strong profitability.
Continued income progress, sturdy working efficiency, and disciplined price administration will probably be central to assembly or surpassing its targets. Buyers will probably be watching how these components evolve as the corporate enters the brand new monetary yr.
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