Regional gas supplier BOC Kenya has reported 169.8% year-on-year growth in net profit to KES 166.7 million in the six months ended June 30, 2025, on the back of increased revenue. Revenue edged up 38.5% to KES 725 million from KES 523.5 million in H1 2024, largely driven by strong demand for industrial and medical gases and customer engineering projects.
Profit Before Tax went up 195.8% to KES 251.6 million from KES 85.1 million in H1 2024. Profit After Tax surged 169.8% to KES 166.7 million, driven by a reduction in distribution, selling, and administration expenses. Additionally, as several 2024 tenders conclude this year, the industrial gas supplier is benefiting from a pricing advantage that enables the business to modify prices to reflect higher overheads. In the six months ended June 30, overhead costs declined by 1.8% to KES 162.7 million. Earnings per Share (EPS) more than doubled to KES 8.54 compared to KES 3.26 in H1 2024.
BOC’s asset base expanded 19.2% to KES 2.5 billion, while total equity increased by 12% to KES 2.1 billion. On 28th March 2025, BOC announced the lapse of the 100% proposed takeover offer by Carbacid Investments Plc and Aksaya Investments LLP. BOC Holdings (UK) remained the largest shareholder, owning 65.38% or 12,765,582 shares.
BOC Dividend
The Board of Directors declared an interim dividend of KES 2.50 per share to be paid on or about 14th October 2025 to shareholders on the register at the close of business on 29th September 2025.
