{
  "id": 17361025,
  "title": "Geregu Power’s 9M pre-tax profit falls 79.85%, despite beating Q3 forecast",
  "url": "https://urgent.news/2026/10/31/geregu-powers-9m-pre-tax-profit-falls-79-85-despite-beating-q3",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-31T07:24:09.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/10/31/geregu-powers-9m-pre-tax-profit-falls-79-85-despite-beating-q3-forecast/"
  },
  "original_language": "en",
  "account": "Geregu Power Plc has unveiled an 80% plunge in pre-tax profit to N7.55 billion over the nine months ending September 30, 2026, despite beating its Q3 earnings prediction. Revenue fell by 81% to N25.35 billion, and profit after tax dropped by 76.5% to N5.89 billion. The company exceeded third-quarter profit expectations, reporting N3.98 billion pre-tax profit, a 545.4% increase from N617.01 million forecasted. Revenue for Q3, however, fell 28.2% to N6.70 billion, a noticeable decline from N9.30 billion in the same quarter of 2025. Expenses rose by 127.3% to N17.08 billion as administrative costs climbed. Despite these challenges, Geregu Power's shareholders' equity slipped by 28.3% to N42.02 billion, reflecting the company's earnings and shareholder distributions. The stock opened at N1,141.50 but closed at N825.70 on Friday, with a 27.7% decline year-to-date.",
  "summary": "Geregu Power Plc has released its unaudited financial results for the nine months ended September 30, 2026, reporting a pre-tax profit of N7.55 billion, representing a 79.85% decline from N37.46 billion in the corresponding period of 2025. The post Geregu Power’s 9M pre-tax profit falls 79.85%, despite beating Q3 forecast appeared first on Nairametrics .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}