NGX: Geregu Power, 2 Others File 2025 Audited Results Early

The Nigerian Exchange (NGX) has received early filings of the 2025 audited results from Geregu Power Plc, Austin Laz & Company Plc, and Transcorp Hotels Plc.

NGX stated this in its X-Compliance, noting that early filers are companies that file their interim financial statements at least two weeks before the due date and their audited financial statements at least four weeks before the due date.

According to the Exchange, companies listed on NGX are required to file their financial statements in a timely manner in accordance with the rules for the filing of accounts and the treatment of default filings in the Exchange’s rulebook.

“NGX RegCo has identified the three companies as companies that have met the minimum listing standards in terms of timely disclosure of their annual and quarterly financial statements.

“NGX RegCo is particularly proud of these companies and will continue to highlight listed companies that imbibe high corporate governance practices.”

Reviewing the three companies’ performance for the year under review showed that Geregu Power reported a profit before tax of N41.99 billion in its financial results for the year ended December 31, 2025. The power generation company recorded revenue of N184.94 billion in 2025, representing a 34.8 per cent increase from N137.13 billion in the prior year.

For Transcorp Hotels, revenue grew by 38 per cent year-on-year to N97.038 billion, while profit before tax rose by 45 per cent to N32.82 billion, from N22.61 billion in 2024, and profit after tax also rose by 47 per cent to N21.85 billion in the period under review, up from N14.90 billion in 2024.

While Austin Laz & Company’s 2025 report detailed a period of operational inactivity, the company focused on strategic investments to revitalise its productive capacity. Management has outlined a clear path towards resuming operations in early 2026. The company’s financial results reflect a year without production, with zero revenue, a direct result of the planned operational halt compared to a turnover of N1.316 billion in 2024.

Austin Laz & Company recorded a loss before tax of N16.237 million from a profit before tax of N4.232 million in the prior year. The loss is primarily attributed to administrative expenses incurred during the non-operational period.

Capital market analysts emphasised that the timely release of financial results on the Nigerian Exchange is crucial, as the Exchange fundamentally relies on information to drive market decisions.

The chief operating officer of InvestData Consulting Limited, Ambrose Omordion, stated that accurate and up-to-date financial information is essential for maintaining investor confidence and attracting more participants to the market.

According to him, “timely disclosures not only enhance transparency but also enable investors to make informed choices, thereby promoting market efficiency and stability. The provision of accurate and up-to-date financial information is essential for maintaining investor confidence and attracting more participants to the market.”