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Geregu Power proposes N9/share dividend for 2025, up 5.9%, pending shareholder approval.
Geregu Power Plc has proposed a N9 per share dividend for 2025, totaling N22.5 billion, a 5.9% increase from 2024, pending shareholder approval at its upcoming AGM.
The recommendation follows the board’s approval of audited 2025 financial statements and the lifting of an insider trading blackout period.
The company reported a 3.8% rise in profit after tax to N25.1 billion for the first nine months of 2025, driven by a 16.8% revenue increase to N131.5 billion.
Total assets reached N273.2 billion, up 21.4% from 2024.
The dividend comes after former majority owner Femi Otedola sold his stake to Ma’am Energy Limited in a $750 million deal.
Geregu Power propone un dividendo de N9/acción para 2025, un aumento del 5,9%, pendiente de la aprobación de los accionistas.