Geregu Energy Plc has introduced a last dividend of N8.50 per atypical share for the interval ending December 31, 2024, a rise from the N8.00 per share paid to registered shareholders the earlier 12 months.
This announcement was detailed in a company motion issued by the corporate and obtained by Nairametrics.
The ultimate dividend can be obtainable to shareholders listed within the firm’s register of members as of the shut of enterprise on 13 March 2025.
Following this date, Geregu will shut its shareholder register on 14 March 2025, with funds scheduled for 28 March 2025.
Shareholders who haven’t but accomplished the e-dividend registration course of had been inspired to take action, as dividends can be paid electronically into their {bank} accounts.
What to know
- The ultimate dividend for the interval ending thirty first December 2024 is topic to withholding tax.
- The qualification date is ready for thirteenth March 2025, after which dividends can be paid electronically on twenty eighth March 2025 by the corporate registrar.
- Meristem Registrars and Probate Companies Restricted is designated as the corporate registrar.
- Unclaimed dividends are being held by the registrar for shareholders who haven’t but mandated their share accounts.
Efficiency
Geregu Energy just lately printed its {financial} outcomes for 2024, reporting a pre-tax revenue of N41.2 billion, which is up 69% from N23.4 billion the earlier 12 months.
- The corporate’s income jumped by 65.39%, going from N82.9 billion to N137.1 billion.
- Power gross sales made up N87.4 billion, or about 63.8% of complete income.
- Capability expenses added one other N49.6 billion, making up the remaining.
Although prices went up considerably, with the price of gross sales rising by 84.85% to N74.3 billion, Geregu nonetheless managed a gross revenue of N62.7 billion, a 47.04% improve from final 12 months.
- Earnings from core operations reached N42.9 billion, in comparison with N31.1 billion the 12 months earlier than.
- Finance earnings additionally grew by 9.52%, hitting N8.5 billion, primarily attributable to curiosity on {bank} deposits, which accounted for over 87% of that earnings.
The corporate’s complete property grew by 33.74% to N234.4 billion, up from N182 billion.
- Non-current property rose to N72.6 billion from N36.3 billion.
- Present property elevated to N170.8 billion from N145.6 billion, with commerce and receivables making up a giant chunk at N122.8 billion.
As of 12 March 2025, Geregu Energy’s shares are buying and selling above N1,000, at the moment priced at N1,035 underneath the ticker image GERGU.