Nigeria, Jan. 19 -- Geregu Power Plc posted a 0.6 per cent drop in net profit to N27.3 billion for the full year 2025, compared to the previous year, according to its audited financial report issued on Monday.

The power utility recorded a profit decline despite a marked improvement in turnover, as cost pressures eroded earnings.

Revenue for the period under review jumped by more than one-third to N184.9 billion, boosted by a notable increase in energy sold, which rose to N120.8 billion from N87.5 billion a year earlier. Capacity charge, the company's second major income source, also expanded, climbing by 29.1 per cent to N64.1 billion. Other income stood at N1.8 billion in contrast to a loss of N583.8 million a year ago.

Administrative...