GOIL PLC has posted a net profit after tax of GH¢90.67 million for the 2025 financial year, reflecting a 7.05% increase over the GH¢84.70 million recorded in 2024, despite a decline in overall revenue during the period.
The results show that although gross revenue dropped from GH¢20.36 billion in 2024 to GH¢18.55 billion in 2025, the company was still able to improve its bottom line, supported largely by cost optimisation and operational efficiency measures.
Following the improved performance, the Board of Directors declared a dividend of GH¢0.060 per share for 2025, translating into about GH¢23.5 million. This marks the first increase in dividend payout in three years.
Key financial indicators also showed an upward trend, with Earnings Per Share (EPS) rising from GH¢0.2160 to GH¢0.2310. In addition, the market value of GOIL shares appreciated significantly from GH¢1.52 in 2024 to GH¢2.96 by the end of 2025.
Board Chairman of GOIL PLC, Nana Philip Archer, attributed the performance to deliberate efficiency-driven reforms across the company’s operations, despite persistent challenges in both global and domestic petroleum markets.
He explained that reductions in depot and station expenses, administrative costs, and finance-related charges played a major role in strengthening profitability, describing the development as the result of disciplined cost management and operational optimisation.
According to him, total assets also increased to GH¢4.88 billion within the year, while the company recorded notable reductions in overdrafts and term loan obligations, further strengthening its financial position.
Mr Archer added that the improved earnings per share, which rose by 6.94%, demonstrated GOIL’s growing ability to convert operational discipline into sustained shareholder value.
Looking ahead, he said the company plans to expand the storage capacity of its GOBitumen business to 12,000 metric tonnes by the end of 2026 as part of efforts to enhance service delivery and operational efficiency.
He further noted that GOIL will continue to uphold strong Health, Safety, Security, Environment, and Quality (HSSEQ) standards across its operations.
“In 2025, GOIL successfully attained ISO 45001:2018 certification while retaining ISO 9001 and ISO 14001 certifications, reinforcing our dedication to global best practices. Nationwide, 3,144 HSSEQ inspections were conducted with all identified non-conformities fully resolved,” he stated in the annual report.
Mr Archer added that environmental compliance was maintained without incident, while continuous training programmes helped reinforce a culture of safety and accountability within the organisation.
On corporate social responsibility, he said GOIL supported several community initiatives, including the donation of hospital beds and medical equipment, as well as the construction of boreholes in underserved communities.
“True corporate success must be measured not only by profit, but also by the positive and lasting impact we make in the lives of people and communities,” he said.
He concluded that the company will continue to pursue discipline, innovation, and strategic leadership aimed at sustaining growth and delivering long-term value to shareholders and stakeholders.
