GOIL PLC had a significant increase in profitability at the start of 2026.

GOIL PLC had a better first-quarter performance in 2026 despite a modest decline in revenue from the same period the year before.

The outcome indicates that improved operating discipline, reduced financing costs, and a significantly stronger cash position were more significant stories for the oil marketing company than top-line growth.

The group’s unaudited financial accounts for the first quarter ended March 31, 2026, show that sales decreased from GH¢4.28 billion in the first quarter of 2025 to GH¢4.14 billion.

However, stockholders’ net profit after tax increased to GH¢52.22 million from GH¢33.60 million in the previous year. The earnings per share went from GH¢0.082 to GH¢0.133.

Source: newsthemegh.com