Industrial and medical gases manufacturer BOC Kenya's net profit for the six months to June 2025 grew 169percent, lifted by improved prices and higher demand.
The company posted Sh166.7 million in net profit for the first half of the year, up from Sh61.7 million the previous year.
Revenues of the listed gas producer rose 38.4 percent to Sh724.9 million from Sh523.4 million, with the company disclosing it took advantage of contract renewals to increase prices.
“Revenue is up by 38 percent due to increased demand for medical and industrial gases and customer engineering projects in the current year,” said BOC Kenya in a statement.
“Meanwhile, a pricing benefit is being realised in 2025 as various 2024 tenders come to an end, allowing the company to adjust pricing to account for increased overheads.”
BOC cost of sales rose at a slower pace, 13.7 percent, allowing for a faster growth in gross profit, 69.7 percent to Sh392.3 million. The cost of sales was Sh332 million, up from Sh292 million a year earlier.
The company kept a tight lid on its expenses with a Sh3 million drop to Sh162.7 million.
“Distribution, selling, and administration expenses have reduced in the current period, in line with deliberate management interventions to reduce costs,” said BOC.
The BOC board of directors retained an interim dividend of Sh2.50 per share for the six months to be paid to shareholders who will be in its register on September 20, 2025. The interim dividend will be paid on or about October 14, 2025.
BOC is riding on converting clients for whom it implemented infrastructure projects in previous years to drive its gas sales and maintain current profit growth.
“The infrastructure projects implemented by the company in prior years are now leading to a gradual increase in demand for, and access to, medical gases.
