Botswana Oil Limited has reported a strong financial performance for the 2024/25 financial year, strengthening its role in Botswana’s energy sector and its contribution to national economic development. The company recorded Profit Before Tax of P299 million and Profit After Tax of P246 million, reflecting solid operational performance across its core business activities. Dividends increased to P44 million, showing improved returns to stakeholders and stronger shareholder value compared to previous periods. The results highlight consistent financial discipline and growing efficiency within the state-owned entity. They also reinforce Botswana Oil’s position as a key driver of fuel supply stability and energy infrastructure development in the country.
The company stated that the performance reflects its continued focus on sustainable growth, operational excellence and long-term value creation. Strong cost management and improved supply chain execution contributed to the positive financial outcomes. Botswana Oil has also benefited from steady demand in fuel distribution and storage services across the country. The company continues to play a central role in ensuring reliable fuel availability for both commercial and public sectors. Its performance for the year demonstrates resilience in a sector that is highly sensitive to global price fluctuations and logistics challenges.
Beyond financial results, Botswana Oil has expanded its Citizen Economic Empowerment agenda by increasing participation of citizen-owned businesses in the fuel value chain. In the 2025/26 financial year alone, the company invested more than P609.8 million in fuel transportation services. Of this amount, P256 million, representing 42 percent, was awarded to citizen-owned transport companies. This approach has strengthened local participation in a critical national industry and created new economic opportunities for domestic operators. It has also helped build capacity within Botswana’s transport sector by enabling citizen businesses to scale their operations and improve service delivery standards.
Over the past five years, Botswana Oil has onboarded 36 citizen-owned transporters to support its logistics network. Citizen operators now manage more than 230 trucks, accounting for approximately 66 percent of the company’s required fleet capacity. This shift has significantly increased local control within the fuel distribution chain and reduced reliance on external service providers. The company said these initiatives are directly contributing to job creation and sustainable business growth. They also support broader national goals of economic inclusion and diversification by empowering local entrepreneurs in a high-value industry.
Botswana Oil’s empowerment strategy is closely linked to its broader mandate of strengthening national energy security. The company continues to invest in infrastructure development, storage capacity expansion and regional partnerships to improve fuel availability. It currently maintains a national fuel cover of 15 days, which provides a buffer against supply disruptions. Through a strategic partnership with Oman, Botswana Oil aims to increase fuel cover to 136 days in the long term. This move is expected to significantly improve the country’s resilience against global supply shocks and logistical disruptions.
Major infrastructure projects are also underway to strengthen fuel distribution across Botswana. The Francistown Depot Expansion is expected to improve storage capacity and regional supply efficiency. The upcoming Ghanzi Depot Project will further extend fuel accessibility to western parts of the country. These developments are designed to reduce transportation bottlenecks and ensure more stable fuel supply nationwide. They also support economic activity in remote areas by improving access to essential energy resources.
Botswana Oil said its long-term vision remains focused on securing the country’s energy future while ensuring citizen participation remains central to economic transformation. The company continues to balance commercial performance with national development priorities, particularly in empowering local businesses. Its financial results for 2024/25 reflect both strong operational execution and strategic alignment with government policy goals. As energy demand grows, Botswana Oil is positioning itself as a key pillar in sustaining supply security and economic inclusion. The company’s progress signals continued momentum in building a more resilient and locally driven energy sector for Botswana.
