Geregu Power Plc (GPP) has released its earnings forecast for the second quarter of 2025, anticipating robust financial performance driven by strategic expansions and operational enhancements.
Revenue: Expected to reach ₦150 billion, a 15% increase from ₦130 billion in Q2 2024.
Gross Profit Margin: Forecasted to improve to 45%, up from 42% in the same period last year.
Net Profit After Tax: Anticipated to be ₦30 billion, marking a 20% rise compared to ₦25 billion in Q2 2024.
Earnings Per Share (EPS): Projected to increase to ₦3.00, up from ₦2.50 in the previous year.
Geregu Power plans to expand its gas-fired power plant, increasing generation capacity by 200 megawatts (MW) to enhance electricity supply and address power shortages in Nigeria.
The company is also advancing its diversification into renewable energy, with plans to develop a 50 MW solar power plant in northern Nigeria, which aligns with its strategy to integrate clean energy solutions.
Geregu Power aims to strengthen its market leadership amid ongoing regulatory reforms in Nigeria’s electricity sector. The company is positioned to benefit from government-backed initiatives aimed at improving grid stability and enhancing private sector participation.
Over the next two years, Geregu plans to invest an additional ₦50 billion in capacity expansion and infrastructure upgrades, exploring partnerships with international energy firms to drive efficiency and technological advancements.
Akin Akinfemiwa, CEO of Geregu Power Plc, commented: “Our projected Q2 performance reflects our commitment to operational excellence and strategic expansion. By investing in increased generation capacity and exploring renewable energy opportunities, we aim to deliver reliable power to Nigeria and create long-term value for our stakeholders.”
Geregu Power’s Q2 2025 earnings forecast underscores its resilience and growth potential in Nigeria’s evolving power sector. With a clear strategy for expansion and diversification, the company is well-positioned to drive long-term value for investors and contribute to addressing Nigeria’s power challenges.
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