Business News of Thursday, 3 September 2026

Source: www.ghanaweb.com

BOST Energies posts GH¢684 million profit, declares GH¢34.2 million dividend

Minister of Energy, Dr John Abdulai Jinapor (L) and MD of BOSTenergies, Afetsi Awoonor (R) Minister of Energy, Dr John Abdulai Jinapor (L) and MD of BOSTenergies, Afetsi Awoonor (R)

BOST Energies Limited Company (BOSTenergies) recorded a strong financial performance in 2025, posting GH¢683.96 million in profit after tax and paying its first-ever dividend to the Government of Ghana.

The company disclosed the results at its 2026 Annual General Meeting held in Accra on Wednesday, September 2, 2026.

BOSTenergies recorded GH¢3.81 billion in revenue during the year, representing a 195 per cent increase compared with the previous year.

Profit after tax also increased by 72 percent to GH¢683.96 million, while total assets grew by 50 percent to GH¢3.99 billion.

Shareholder equity more than doubled to GH¢1.47 billion during the period.

The company also reduced its administrative expenses by 28 percent, which it attributed to stronger cost controls and improved operational efficiency.

A major highlight of the 2025 financial year was the payment of GH¢34.2 million in dividends to the government.

The dividend represents five percent of the company's net profit and is the first dividend paid by BOSTenergies to the government since its establishment 32 years ago.

Managing Director of BOSTenergies, Afetsi Awoonor, described 2025 as a defining year for the company, citing the growth in revenue, profitability and the strengthening of its balance sheet.

“2025 was a defining year for BOSTenergies. We delivered strong financial growth, strengthened our balance sheet and achieved the significant milestone of declaring our first-ever dividend to the Government of Ghana,” he said.

Awoonor said the performance demonstrated the importance of commercial discipline, prudent financial management and operational efficiency.





He said the company would focus on strengthening its operations, improving efficiency, building resilience and creating long-term value for the government and other stakeholders.

“As we look ahead, our focus remains clear: strengthening our operations, driving efficiency, building resilience and creating lasting value,” he said.

He added that BOSTenergies would continue to support Ghana's energy security while positioning itself for sustainable growth in the downstream energy sector.

Minister of Energy and Green Transition, Dr John Abdulai Jinapor, commended the board, management and staff of BOSTenergies for what he described as a strong performance.

He praised the company for its financial growth, improved profitability, operational efficiency and significant expansion of its portfolio.

Dr Jinapor pledged his support to the company's board and management and urged them to build on the gains recorded in 2025.

Director-General of the State Interests and Governance Authority (SIGA), Professor Michael Kpessa-Whyte, also welcomed the company's improved performance and its first dividend payment to the government.

He urged the board and management to sustain the momentum and continue working towards stronger growth and increased value for the state.

The company said it would continue to leverage its infrastructure and commercial capabilities to support Ghana's energy security while adapting to changes in the energy sector.



MA