Cote d’Ivoire: Vivo Energy Profit Rises 13 Percent in 2025 but Aviation Slump Clouds Q1

Vivo Energy Cote d’Ivoire (BRVM: SHEC) grew its 2025 net profit 13% to 6.03 billion FCFA ($10.8m), helped by a 5% rise in volumes — particularly in butane and lubricants — and a reduction in its bank borrowing costs. Revenue was broadly flat at 605 billion FCFA ($1.08bn).

The more telling story is what happened to gross margin. Despite revenue barely moving, gross margin before transport costs rose 7%, meaning the company sold a more profitable mix of products and managed its procurement better….