BY NADIA NTIAMOAH
BOST Energies Limited Company (BOSTenergies) has reported a significant improvement in its financial and operational performance for the 2025 financial year, culminating in the payment of its first-ever dividend to the Government of Ghana since the company was established 33 years ago.
The company announced the results at its 2026 Annual General Meeting (AGM) in Accra on Wednesday, September 2, where shareholders, the Board of Directors, management and other stakeholders reviewed the company’s financial and operational performance for the year under consideration.
According to the company, the 2025 financial year represented a major turning point in its transformation, with substantial growth recorded across revenue, profitability, assets and shareholder equity.
BOSTenergies recorded GH¢3.81 billion in revenue, representing a 175 per cent year-on-year increase. Its Profit After Tax rose to GH¢68.396 million, an increase of 72 per cent compared with the previous year.
The company’s total assets also grew by 50 per cent to GH¢3.99 billion, while shareholder equity increased to GH¢147 billion, more than doubling over the period, according to the figures presented at the AGM.
At the same time, BOSTenergies said it reduced its administrative expenses by 28 per cent, a development it attributed to greater cost discipline and improved operational efficiency.
The most significant development, however, was the company’s decision to pay a dividend to the Government of Ghana for the first time in its history.
BOSTenergies said it paid 5 per cent of its net profit as dividend, amounting to GH¢3.42 million, to its government shareholder. The payment marks what the company described as a historic milestone in its 33-year journey and signals a shift towards delivering direct financial returns to the state.
The company said the dividend reflects its improved financial position and demonstrates its commitment to prudent financial management, accountability and sustainable value creation for its shareholder.
Management Attributes Growth to Commercial Discipline
The improved results, according to BOSTenergies, were driven by stronger commercial activities, disciplined financial management and a continued focus on operational efficiency.
Management said the 2025 performance went beyond the headline financial figures, arguing that the results demonstrated the emergence of a stronger and more resilient company with a solid financial foundation capable of supporting further investment and long-term growth.
Managing Director of BOSTenergies, Afetsi Awoonor, described 2025 as a defining year for the company, pointing to the improved financial position, strengthened balance sheet and maiden dividend as evidence of the progress made.
“2025 was a defining year for BOSTenergies. We delivered strong financial growth, strengthened our balance sheet and achieved the significant milestone of declaring our first-ever dividend to the Government of Ghana,”Awoonor said.
He added that the results demonstrated what could be achieved through commercial discipline, prudent financial management and operational efficiency.
Company Sets Its Sights on Energy Security
Looking ahead, BOSTenergies said it intends to consolidate the gains made during the 2025 financial year by strengthening its operations, improving efficiency and building greater resilience across the business.
The company also plans to leverage its strategic infrastructure, commercial capabilities and evolving energy portfolio to support Ghana’s energy security while adapting to changes in the country’s downstream energy sector.
Awoonor reaffirmed that the company’s future strategy would focus on sustainable growth and long-term relevance.
“As we look ahead, our focus remains clear: strengthening our operations, driving efficiency, building resilience and creating lasting value,” he said.
He said BOSTenergies would continue to play its part in ensuring Ghana’s energy security while positioning itself for sustainable growth.
Energy Minister Praises Performance
The Minister of Energy and Green Transition, Dr John Abdulai Jinapor, praised the Board, management and staff of BOSTenergies for what he described as a “masterclass performance” in financial growth, profitability, operational efficiency and portfolio expansion.
The Minister particularly highlighted the company’s improved profitability and the growth of its portfolio, which he said had increased by almost threefold.
Dr Jinapor pledged his continued support to the Board and management and urged them to remain focused and build on the achievements recorded during the year.
The Director-General of the State Interests and Governance Authority (SIGA), Prof Michael Kpesah Whyte, also welcomed the company’s turnaround, particularly its first dividend payment to the state.
He encouraged the Board and management to maintain the momentum and pursue further growth while ensuring that BOSTenergies continues to deliver value to the Government of Ghana.
The 2026 AGM therefore provided an opportunity for BOSTenergies to assess the progress made during the 2025 financial year while outlining its plans to strengthen financial sustainability, operational efficiency and shareholder value.
