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June 11, 2026
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GOIL proposes GH¢23.5m dividend, profit rises to GH¢90.67 million
Money
Opportunity
Growth
Key Points
- GOIL PLC proposes a final dividend of GH¢0.060 per share, totaling GH¢23.5 million, for its 2025 financial performance.
- The company reported a significant increase in net profit after tax to GH¢90.67 million in 2025, up from GH¢84.70 million in 2024.
- This strong profitability was achieved despite challenging global and domestic petroleum market conditions, attributed to enhanced operational efficiency and cost discipline.
- Shareholder value improved, with Earnings Per Share (EPS) rising and the share price almost doubling from GH¢1.52 to GH¢2.96, reflecting growing investor confidence.
- GOIL plans to establish a GH¢1 billion Medium-Term Note Programme to support future business expansion and strategic investment opportunities.
Why This Matters
This article highlights the resilience and strong performance of GOIL PLC, a major indigenous oil marketing company in Ghana, despite a tough global market. Its proposed GH¢1 billion expansion program signals significant investment and potential job creation, contributing to Ghana's economic growth. The company's profitability and increased shareholder value also reflect positive investor sentiment in a key sector of the Ghanaian economy.
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