Gaborone – Botswana Oil Limited has reported a strong financial performance for the 2024/25 financial year, with the state-owned energy company posting a Profit Before Tax of P299 million and a Profit After Tax of P246 million, while dividends to shareholders rose to P44 million.
The results, which reflect sustained operational growth and improved shareholder value, come as the company continues to position itself as a central pillar of Botswana’s energy sector and national economic development agenda, developments that are closely watched by landlocked neighbours like Eswatini that depend heavily on regional fuel supply chains for their own energy security.
Beyond the balance sheet, Botswana Oil has been channelling significant resources into its Citizen Economic Empowerment agenda, directing more than P609.8 million toward fuel transportation services in the 2025/26 financial year alone. Of that figure, 42 percent, equivalent to P256 million, went to citizen-owned transport companies.
Over the past five years, the company has brought 36 citizen-owned transporters on board, with citizen operators now managing more than 230 trucks, accounting for approximately 66 percent of the company’s required fleet capacity.
Botswana Oil said these empowerment initiatives are contributing meaningfully to employment creation, business growth and long-term economic resilience by strengthening local transport enterprises and widening access to opportunities within the fuel sector.
On energy security, the company currently maintains a national fuel cover of 15 days and is targeting a long-term increase to 136 days through a strategic partnership with Oman, a move expected to significantly strengthen national energy resilience.
Major infrastructure projects are also in the pipeline, including the Francistown Depot Expansion and the upcoming Ghanzi Depot Project, both expected to improve fuel accessibility and supply stability across the country.
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