GOIL PLC has reaffirmed its resilience and growth ambitions following a strong 2025 performance, with shareholders commending the Board and Management for the Company’s remarkable turnaround and renewed focus on value creation. …
By Kizito CUDJOE GOIL PLC increased net profit by 7.05 percent in 2025 despite a decline in revenue, as lower debt obligations and reduced financing costs helped cushion the impact of challenging global market conditions, according to the company’s latest financial report. …
Shareholders of GOIL PLC 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. …
… In this dynamic environment, GOIL PLC is firmly on the front foot with increased commercial momentum, improved operational performance and a clear strategic focus on sustainable growth. …
… In this dynamic environment, GOIL PLC is firmly on the front foot with increased commercial momentum, improved operational performance and a clear strategic focus on sustainable growth. …
GOIL PLC has officially launched its HSSEQ Week 2026, reaffirming its unwavering commitment to health, safety, security, environment and quality (HSSEQ) excellence across its operations. …
GOIL PLC has officially launched its HSSEQ Week 2026, reaffirming its unwavering commitment to health, safety, security, environment and quality (HSSEQ) excellence across its operations. …
… Tamakloe made the remarks during the Safety Week celebration of GOIL PLC, where he stressed that adherence to safety standards remains non-negotiable in Ghana’s downstream petroleum sector. …
GOIL PLC posted a strong 2025 performance with net profit after tax rising 7.05 per cent to GH¢90.67 million, although revenue declined from GH¢20.36 billion in 2024 to GH¢18.55 billion in 2025 due to market conditions and crude oil price volatility. The Company achieved improved profitability through cost optimisation and operational efficiency.
Why it matters
GOIL PLC reports 7% net profit growth despite lower revenue, demonstrating operational resilience in challenging market conditions.
GOIL PLC posted a strong 2025 performance with net profit after tax rising 7.05 per cent to GH¢90.67 million, although revenue declined from GH¢20.36 billion in 2024 to GH¢18.55 billion in 2025 due to market conditions and crude oil price volatility. The Company achieved improved profitability through cost optimisation and operational efficiency.
GOIL PLC increased net profit to GH¢90.67 million in 2025, up 7.05 percent from GH¢84.70 million in 2024, despite revenue falling by GH¢1.8 billion to GH¢18.55 billion. The company cut debt obligations and reduced financing costs to cushion the impact of volatile global market conditions.
GOIL PLC recorded net profit after tax of GH¢90.67 million in 2025, up from GH¢84.70 million in 2024, and has proposed a final dividend of GH¢23.5 million to shareholders despite challenging petroleum sector conditions.
Ghana's petroleum downstream sector is experiencing dynamic transformation with intensified competition from indigenous Oil Marketing Companies. GOIL, the leading indigenous OMC and largest retail network operator, recorded over 1.06 billion litres in annual sales and 22.72% peak market share in October 2022, but faced market pressures from 2022–2025 due to shifting consumer patterns and aggressive competition from emerging players.
Ghana's petroleum downstream sector is experiencing rapid transformation with increased competition and market expansion. GOIL PLC, the leading indigenous Oil Marketing Company with the largest retail network, recorded over 1.06 billion litres in annual sales and a peak market share of 22.72% in October 2022, but has faced intense market pressures since then due to aggressive competition from new indigenous businesses and shifting consumer patterns.
Match week 10 concluded the Group Stages of the University of Ghana Corporate Football League Season 2 with five matches on 8th May at UG Main Stadium; four dominant wins and one dramatic draw determined the two semi-finalists from Group A.
Week 10 marks the final round of the University of Ghana Corporate Football League Season 2 group stages, with the title race still wide open. The standout fixture features Lancaster Accra (16 points) against GFA (17 points), with GCAA leading the group.
GOIL PLC has launched its HSSEQ Week 2026, themed "Promoting a Positive Psychosocial Working Environment," bringing together staff, regulators, and industry stakeholders to highlight physical and mental well-being in the workplace. The initiative aims to deepen awareness, strengthen safety culture, and address emerging psychosocial risks.
GOIL PLC has launched its 2026 HSSEQ Week themed "Promoting a Positive Psychosocial Working Environment" to highlight the importance of physical and mental well-being in the workplace. The week-long celebration brings together staff, regulators, and industry stakeholders to deepen awareness, strengthen safety culture, and address emerging psychosocial risks.
The National Petroleum Authority's chief executive has cautioned oil marketing companies against prioritising profit at the expense of safety, emphasising that compliance with safety standards is mandatory and that investments in safety systems, staff training, and risk prevention are essential to protect lives, assets, and the environment.
The Asantehene, Otumfuo Osei Tutu II, has awarded business magnate Daniel McKorley the Otumfuo Commemorative Gold Medal in recognition of his contributions to business, job creation and community development. The honour was presented at the World-Meets-in-Ghana Executive Dinner Ball held at Manhyia Palace as part of celebrations marking the Asantehene's 27th coronation anniversary.