BOSTenergies targets Ghana Stock Exchange listing after sustained growth
BOSTenergies is targeting an eventual listing on the Ghana Stock Exchange as part of its medium-term strategy to strengthen the company’s commercial position and create greater value for the state.
Managing Director of BOSTenergies, Afetsi Awoonor, said the company’s strong financial performance in 2025 provides the foundation for the planned listing, but stressed that the company must first demonstrate sustained profitability.
“We therefore intend to sustain this trajectory as we work towards our medium-term ambition of eventually listing BOSTenergies on the Ghana Stock Exchange,” he said at the company’s 2026 Annual General Meeting.
Afetsi Awoonor cautioned that the proposed listing cannot be based on a single year of strong financial performance, noting that the company would need to establish a consistent track record.
“A successful listing cannot be built on the back of one good year. It requires three to four consecutive years of demonstrably strong, consistent and sustainable performance,” he added.
The comments come after BOSTenergies recorded what Afetsi Awoonor described as the strongest financial year in the company’s recent history.
Revenue increased nearly three-fold to GH¢3.8 billion in 2025, from GH¢1.29 billion in 2024, driven largely by the company’s integrated trading and supply activities under the redefined National Strategic Stock Programme.
Gross profit also rose to GH¢1.5 billion, compared with GH¢923 million a year earlier, while operating profit increased from GH¢404.5 million to GH¢720 million.
Profit after tax climbed 71.7% to GH¢684 million from GH¢398.4 million in 2024.
The company’s balance sheet also strengthened significantly, with total equity rising to GH¢1.47 billion from GH¢677.2 million at the beginning of the year.
BOSTenergies also moved from an accumulated deficit to a retained earnings balance of GH¢774.7 million within two years.
Cash and cash equivalents stood at GH¢938.8 million at the end of 2025, up sharply from GH¢118.4 million in 2024.
Afetsi Awoonor said the improved financial position demonstrates the value BOSTenergies can deliver when it operates at scale with the appropriate commercial instruments and strategic mandate.
“These are not merely accounting numbers. They represent a fundamental change in the financial position and trajectory of the company,” he remarked.
He added that the company’s performance shows it can create significant value for the state while contributing to Ghana’s energy security.
On the back of the improved performance, the Board has recommended a dividend equivalent to 5% of profit after tax to the Government of Ghana.
Afetsi Awoonor described 2025 as the first major step towards transforming BOSTenergies into a commercially stronger and more diversified energy company.
“I therefore regard 2025 not as a destination, but as the first solid step on that journey,” he stressed.
Credit to Channelonenews
