BOC Kenya Half-Year Profit Jumps 170% as Demand for Medical Gases Lifts Sales
BOC Kenya H1 2025 profit jumps 170% to KSh 166.7M as revenue grows 39%, cash flows recover and dividend maintained at KSh 2.50...
✨ Key Highlights
BOC Kenya Plc reported a significant financial uplift in the first half of 2025, with profit after tax soaring by 170% to KSh 166.7 million, primarily fueled by increased demand for industrial and medical gases.
- Revenue increased by 38.5% year-on-year to KSh 724.9 million, driven by higher volumes and customer engineering projects.
- Former chairman Kiuna Ngugi increased his stake in BOC Kenya to 17.91% in 2024 after successfully opposing a KSh 1.2 billion takeover bid.
- The company's balance sheet showed growth, with total assets rising 19.2% to KSh 2.45 billion and equity up 12% to KSh 2.13 billion.
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Government Owes Hospitals KSh 76B as Medical Gas Sector Sees Profit and Investment - August 2025
Private hospitals in Kenya are on the verge of financial collapse, with the government owing healthcare providers an astounding KSh 76 billion in unpaid bills. This debt was accumulated by the old National Health Insurance Fund (NHIF) and the new Social Health Authority (SHA), and it threatens patient access to care. In contrast, the medical gas sector is experiencing growth. BOC Kenya Plc reported its profit after tax soared by 170% to KSh 166.7 million in the first half of 2025, a result primarily fueled by increased demand for industrial and medical gases. Furthering investments in this area, HewaTele has secured US$ 10.5 million to build a new medical oxygen plant for East Africa.
