Geregu Power set to share N22.5 billion among shareholders as earnings hit the roof
If you are looking for some good news to start your weekend, look no further than the power sector. In a move that has sent excitement through the Nigerian Exchange, Geregu Power PLC has just announced a massive N9 dividend for every ordinary share held by its investors.
This brings the total payout to a whopping N22.5 billion for the 2025 financial year. As an editor who has watched this company grow since its listing, I can tell you that this “no be small thing” at all. It shows that despite the various challenges in the energy market, some players are finding the right rhythm to keep their heads high and their pockets full. For the shareholders who have stayed loyal, this is definitely the kind of “pepper” they want to see in their bank accounts.
Big smiles for investors as Geregu Power boosts dividend to nine naira per share
The decision by the board to move the dividend from N8.5 in 2024 to N9 in 2025 is a clear signal of confidence. It is not just about the money; it is about the consistency. We have seen a steady climb from N8.0 just two years ago, showing that the company is on a serious upward trajectory.
According to the official disclosure filed at the NGX, this final dividend is still subject to the usual “chopping of mouth” at the upcoming Annual General Meeting, but with these kinds of numbers, it is hard to imagine any shareholder saying no. At the current market price, the yield is looking very attractive, and it definitely gives investors a reason to “ginger” their portfolios.
Strong financial performance and revenue growth driving the massive payout
You might be wondering where all this money is coming from. Well, the data shows that Geregu’s earnings have been very robust. Even before the full year results are out, the nine month performance was already showing signs of “overload.” Revenue jumped by over 37 percent to hit N131.47 billion, mostly driven by energy sales and capacity charges. The company’s retained earnings have also swollen to about N55.1 billion, which is almost 98 percent of their total equity.
This kind of financial discipline and operational efficiency is what allows a company to comfortably share N22.5 billion without breaking a sweat. It proves that the “light” in Geregu is not just for the national grid but also for the investors’ balance sheets.
New ownership and government debt clearance boosting the company outlook
There is also some “big boy” movement happening behind the scenes that we must talk about. Billionaire businessman Femi Otedola recently completed a landmark 750 million dollar divestment, handing over the reins to MA’AM Energy Ltd. This new majority owner is stepping in at a very interesting time.
The Federal Government is also making moves to clear the heavy debts owed to power generation companies through a N500 billion bond issuance. As one of the leading Gencos, Geregu stands to benefit significantly from this liquidity boost. This combination of fresh ownership and government intervention means the company is well-positioned to tackle future expansion and keep the dividends flowing.
What this means for the future of the Nigerian power sector and investors.
As we look at the bigger picture, the success of Geregu Power is a “kudos” to the entire Nigerian power sector. It shows that with the right investment and management, electricity generation can be a very profitable business in Nigeria.
For the average investor, it is a reminder that there is still plenty of “meat” in the Nigerian stock market if you know where to look. While we await the announcement of the Annual General Meeting’s date, one thing is certain: the Geregu Power N9 dividend payout has set a high standard for other listed companies. If this momentum continues, we might just be looking at the beginning of a golden era for energy investments in the country.
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