Geregu Power’s board of directors has approved a dividend of 9 per ordinary share for the 2025 financial year, totaling 22.5 billion. This decision follows a review of the company’s audited financial statements for the year ended December 31, 2025. The final dividend, along with the financial statements, will be subject to shareholder approval at the upcoming Annual General Meeting, the date of which is yet to be announced.
The proposed dividend represents a steady increase from 8.5 in 2024 and 8.0 the previous year, continuing a trend of rising payouts. With 2.5 billion outstanding shares, the total dividend amounts to 22.5 billion, up from 21.25 billion the previous year. At Geregu’s current market price of 1,141.5 per share, the dividend yield stands at 0.79%, slightly higher than the 0.75% recorded in 2024.
The company’s financial performance for the nine months ended September 2025 indicates a strong showing, with retained earnings rising to 55.1 billion from 51.3 billion. Pre-tax profit increased 3.31% to 37.46 billion, while revenue jumped 37.38% to 43.83 billion in the third quarter. The growth was driven by energy sales of 85.5 billion and capacity charges of 45.9 billion from January to September.
Geregu Power’s balance sheet also reflects expansion, with total assets reaching 273.1 billion and total liabilities increasing 13.53% to 216.7 billion. The company is poised to benefit from ongoing government efforts to resolve outstanding debts in the power sector, including a potential payout of 500 billion by the Federal Government.
The development follows a landmark $750 million divestment by Femi Otedola, who sold his 95% stake in Amperion Power Distribution Company Ltd to MA’AM Energy Ltd. MA’AM Energy, now the majority shareholder, is an Abuja-based integrated energy company active in power generation and trading. The deal marks one of Nigeria’s largest private power sector transactions.
The approval of the dividend and the company’s strong financial performance are significant developments for Geregu Power, which is expected to receive a significant portion of the government’s payout to resolve outstanding debts in the power sector. The company’s financial position is likely to be strengthened by this development, potentially boosting sector liquidity and supporting its growth plans.
