BOSTenergies pays first-ever GH¢34.2m dividend to government

BOSTenergies has made history by paying its first-ever dividend of GH¢34.2 million to the Government of Ghana. This significant milestone comes after the company experienced a remarkable improvement in its financial performance in the 2025 fiscal year. The dividend constitutes five percent of BOSTenergies' profit after tax for 2025, which saw a substantial increase of 72 percent from GH¢398.40 million in 2024 to GH¢683.96 million.

Revenue for the company also skyrocketed by approximately 195 percent, surging from GH¢1.29 billion to GH¢3.81 billion over the same period. In a statement, Prof Saint Kuttu, the Board Chairman of BOSTenergies, hailed the payment as a major milestone, attributing it to disciplined management and enhanced financial oversight. Kuttu emphasized that the company has transcended merely maintaining operations to now focusing on expanding its business, boosting profitability, and creating direct value for its shareholders.

Looking ahead, BOSTenergies is gearing up for an expansion and diversification drive in 2026. The company plans to bolster the utilization of its infrastructure, expand its customer base, deepen regional trade, and forge commercially viable partnerships outside its traditional petroleum storage and transportation activities. Kuttu also highlighted the company's commitment to operational reliability, which includes enhancing pipeline integrity, modernizing depot operations, and improving transportation efficiency.

All these expansion decisions, Kuttu stated, will be grounded in robust business cases and sustainable returns.