{
  "id": 4664151,
  "title": "GOIL profit rises to GH¢90.67m despite 9% revenue decline",
  "url": "https://urgent.news/2026/08/31/goil-profit-rises-to-gh-90-67m-despite-9-revenue-decline-4664151",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-31T15:11:58.000Z",
  "source": {
    "name": "MyJoyOnline Ghana",
    "slug": "myjoyonline-ghana",
    "url": "https://www.myjoyonline.com/goil-profit-rises-to-gh%c2%a290-67m-despite-9-revenue-decline/"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "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.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Joy Business",
        "title": "GOIL profit rises to GH¢90.67m despite 9% revenue decline",
        "url": "https://urgent.news/2026/08/31/goil-profit-rises-to-gh-90-67m-despite-9-revenue-decline",
        "published": "2026-08-31T15:11:58.000Z"
      },
      {
        "outlet": "Adom Online",
        "title": "GOIL profit rises to GH¢90.67m despite 9% revenue decline",
        "url": "https://urgent.news/2026/08/31/goil-profit-rises-to-gh-90-67m-despite-9-revenue-decline-4678355",
        "published": "2026-08-31T15:56:57.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}