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BOSTenergies, formerly known as Bulk Oil Storage and Transportation Company Limited (BOST), recorded a profit after tax of GHS683.96 million in 2025 on revenue of GHS3.81 billion, the state-owned strategic fuel stock company said after its annual general meeting on Wednesday.
The company increased its total assets by 50% to GHS3.99 billion, while shareholder equity rose to GHS1.47 billion.
Administrative expenses fell by 28% during the year, it said.
BOSTenergies said the results were driven by its commercial activities, financial management and focus on operational efficiency.
BOSTenergies said it would focus on strengthening its operations, improving efficiency and building resilience as it seeks to support Ghana’s energy security and respond to changes in the energy sector.
Managing Director Afetsi Awoonor said 2025 was a significant year for the company, citing stronger financial performance, a strengthened balance sheet and its first-ever dividend payment to the government.
“These achievements demonstrate what is possible when we combine commercial discipline, prudent financial management and operational efficiency,” Awoonor said.
Awoonor reaffirmed the company’s commitment to sustainable growth and its role in Ghana’s downstream energy sector.
“As we look ahead, our focus remains clear: strengthening our operations, driving efficiency, building resilience and creating lasting value. We will continue to play our part in ensuring Ghana’s energy security while positioning BOSTenergies for sustainable growth and long-term relevance,” he said.
Energy and Green Transition Minister John Abdulai Jinapor praised the company’s financial performance, operational efficiency and portfolio growth, and urged its board and management to build on the gains.
The minister pledged his support for the board and management and urged them to remain focused and build on the achievements made.
State Interests and Governance Authority (SIGA) Director General Michael Kpesah Whyte welcomed the company’s turnaround and its first dividend payment to the government.
He urged the board and management to maintain the momentum and deliver further value to the state.
The company said the meeting provided an opportunity to review its 2025 performance and reaffirm its focus on financial sustainability, operational efficiency, shareholder value and Ghana’s energy security.
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