Ghana’s leading downstream petroleum company, GOIL PLC, has recorded a net profit after tax of GH₵90,672,000 for the 2025 financial year representing a 7.04% increase from the GH₵84,698,000 posted in the corresponding period of 2024.
According to the company’s 2025 consolidated financial statements even though net profit increased by 7.04% gross revenue however decreased by 8.91%,falling from GH₵20,364,600,000 in the 2024 financial year to GH₵18,549,204,000 in the 2025 financial year.
On operating expenses,staff, selling and administrative expenses declined from GH₵488,336,000 to GH₵456,924,000 while depot and station expenses fell from GH₵159,660,000 to GH₵142,407,000, contributing to an operating profit before financing costs of GH₵230,020,000 compared to GH₵244,919,000 in the prior year.
On the balance sheet, GOIL’s total assets grew marginally from GH₵4,808,209,000 to GH₵4,881,934,000, supported by growth in property, plant and equipment which rose from GH₵1,630,174,000 to GH₵1,781,759,000 — reflecting continued investment in the company’s infrastructure and service network.
Total equity strengthened from GH₵894,082,000 to GH₵991,541,000, driven by retained earnings which climbed from GH₵643,215,000 to GH₵707,662,000. Total liabilities for the period also decreased by GH₵23,734,000 falling from GH₵3,914,127,000 in 2024 to GH₵3,890,393,000 in 2025.
The improved bottom line translated into better returns for shareholders. Earnings per share rose to GH₵0.231 from GH₵0.216 in 2024, while dividend per share increased to GH₵0.060 from GH₵0.056.
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