This means a decline of 40.57% from the N21.9 billion recorded in the identical quarter of 2024.
The corporate’s income for the interval was N31.7 billion, which represents a 37.02% drop in comparison with N50.4 billion within the first quarter of 2024.
- Vitality gross sales accounted for the majority of this income at N20.8 billion, whereas capability fees contributed the remaining N10.8 billion.
Geregu Energy efficiently decreased its price of gross sales from N22.01 billion in Q1 2024 to N19.7 billion in Q1 2025.
Nonetheless, gross revenue decreased to N12 billion, down from N28.4 billion reported in the identical quarter final yr.
The corporate decreased its ‘different loss,’ largely because of unrealized overseas change losses, to N7.6 million in comparison with N529.4 million in Q1 2024.
Nonetheless, earnings from core operations stood at N14.6 billion, marking a decline from the N21.7 billion reported throughout the identical interval final yr.
On the steadiness sheet, complete property rose to N262.9 billion in Q1 2025, up from N243.4 billion in Q1 2024. Retained earnings, nevertheless, decreased to N40.5 billion, down from N51.3 billion.
Key highlights
- Income: N31.7 billion, -37.02% YoY
- Value of gross sales: N19.7 billion, -10.27% YoY
- Gross revenue: N12 billion, -57.75% YoY
- Unrealized overseas change loss: N7.6 million, -98.55% YoY
- Working revenue: N14.6 billion, -32.62% YoY
- Revenue earlier than revenue: N13 billion, -40.57% YoY
- Complete property: N262.9 billion, +8.02% YoY
- Retained earnings: N40.5 billion, -21.07% YoY
As of April 12, 2025, Geregu Energy shares are priced at N1,141.50 on the Nigerian inventory market. In 2024, the corporate achieved a powerful year-to-date progress of 188.22%.
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