Geregu Power Plc has projected a pre tax profit of N17.06 billion for the first quarter of its 2026 financial year, signaling expectations of stronger earnings momentum despite a cautious outlook.
The projection was disclosed in the company’s earnings forecast filed with the Nigerian Exchange on Thursday. The guidance was jointly signed by Geregu Power’s Chief Executive Officer and Chief Financial Officer, marking the company’s first formal earnings outlook for the 2026 financial year.
According to the filing, the projected pre tax profit represents an improvement over the N13 billion recorded in the corresponding period of 2025. If achieved, the forecast would place the power generation company on a positive year on year earnings trajectory at the start of the new financial year.
While the projected figure points to growth, the guidance suggests a measured approach amid prevailing operating conditions in the power sector, including cost pressures, regulatory considerations, and broader macroeconomic challenges.
Geregu Power is one of Nigeria’s leading power generation companies and a key player in the country’s electricity value chain. Market analysts note that the company’s early earnings guidance provides investors with increased visibility into its performance expectations and signals management’s confidence in its operational outlook for the year.
The company is expected to release its first quarter 2026 financial results after the end of the reporting period, which will confirm whether the projected earnings target is met.
