GOIL PLC has reported a strong financial performance for the 2025 financial year, recording a 7.05 percent increase in net profit despite challenges in both the global and domestic petroleum markets.

The indigenous oil marketing company announced at its 57th Annual General Meeting (AGM) that Net Profit After Tax rose from GH¢84.70 million in 2024 to GH¢90.67 million in 2025. Profit Before Tax stood at GH¢123.37 million.

Revenue Remains Strong

Despite a challenging operating environment, GOIL maintained a strong revenue base, recording gross revenue of GH¢18.55 billion in 2025.

The performance reinforces the company’s position as one of Ghana’s leading indigenous petroleum marketing companies and reflects its resilience in a highly competitive industry.

Shareholder Value Improves

GOIL said it continued to create value for shareholders during the year under review.

Earnings Per Share (EPS) improved from GH¢0.2160 in 2024 to GH¢0.2310 in 2025. The company’s share price also rose significantly from GH¢1.52 in 2024 to GH¢2.96 by the end of 2025, reflecting growing investor confidence in the business.

Board Proposes GH¢23.5 Million Dividend

Shareholders are set to receive a final dividend of GH¢0.060 per share following a strong financial performance in 2025, despite challenging conditions in the petroleum sector.

The total dividend to be paid amounts to GH¢23.5 million.

According to highlights from the company’s 57th Annual General Meeting (AGM), the Board has proposed a final dividend amounting to approximately GH¢23.5 million for distribution to shareholders.

The dividend proposal comes on the back of a significant increase in profitability.

Cost Discipline Boosts Profitability

According to the company, improved profitability was driven largely by prudent cost management and operational efficiency measures.

GOIL recorded reductions in depot and station expenses, administrative costs and finance costs, helping to strengthen its bottom line despite lower revenues compared to the previous year.

Management noted that the disciplined approach to cost control contributed significantly to the company’s overall performance.

Shareholders to Consider GH¢1 Billion Bond Programme

Shareholders also approved the establishment of a GH¢1 billion Medium-Term Note Programme.

The programme will authorize the Board to raise funds through bond issuances in one or more tranches, subject to obtaining the necessary regulatory approvals.

The company said the proposed financing arrangement is intended to support business expansion, strategic investments and future growth opportunities while providing greater flexibility in accessing long-term capital.

Focus on Sustainability

Beyond its financial performance, GOIL reaffirmed its commitment to sustainable and responsible business practices.

The company said it remains focused on environmental sustainability, health and safety, ethical business conduct and corporate social responsibility as part of its long-term value creation strategy.

Management emphasized that these principles continue to guide the company’s operations and engagement with stakeholders.