GOIL profit rises to GH¢90.67m despite 9% revenue decline
GOIL PLC recorded a 7.05 per cent increase in net profit in 2025 despite a substantial decline in revenue, according to the 2025 State Ownership Report. The state-controlled oil marketing company’s net profit increased from GH¢84.70 million in 2024 to GH¢90.67 million in 2025. The improvement came despite operating revenue falling by 8.91 per cent, […]
In 2025, GOIL PLC experienced a 7.05% increase in net profit, reaching GH¢90.67 million, despite a 8.91% decline in revenue, which fell from GH¢20.36 billion to GH¢18.55 billion. The company's cost recovery ratio remained steady at 101.04%, with operating profit margin improving to 1.24% from 1.20%. However, returns on assets and equity declined, with returns on assets decreasing to 2.53% from 2.85% and returns on equity falling to 9.14% from 9.47%.
GOIL's total assets increased by 1.53% to GH¢4.88 billion, while equity grew by 10.90% to GH¢991.54 million. Operating cash flow rebounded strongly, with net cash flow from operating activities rising from negative GH¢382.20 million to positive GH¢881.90 million. Despite strong cash flow, GOIL faced liquidity challenges, as its current ratio fell below 1.0.
GOIL's debt decreased, with interest-bearing liabilities dropping from GH¢1.24 billion to GH¢771.85 million, and its debt-to-assets ratio slightly improved to 0.80.
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- GOIL profit rises to GH¢90.67m despite 9% revenue decline myjoyonline.com
