(Business in Cameroon) – The Cameroon Oil Depots Company (SCDP) reported a sharp decline in profit for 2024, despite moderate growth in revenue. According to financial data released on June 30, 2025, the company recorded a net profit of CFA2.1 billion, down 33.3% from CFA3.2 billion in 2023.
SCDP did not provide detailed comments on the reasons behind the drop, but several economic factors appear to have weighed on its performance. A key challenge was the 15% increase in gasoline and diesel prices, which took effect in February 2024 and led to distribution disruptions across the country.
Other contributing factors include a decline in petroleum product imports, which reflects falling government oil revenues, along with logistical difficulties that affected supply chains nationwide.
Despite lower profits, other financial indicators remain relatively stable. The company’s revenue rose from CFA25.6 billion in 2023 to CFA26.8 billion in 2024, showing moderate business growth. Shareholders’ equity increased slightly to CFA42 billion, compared to CFA41.3 billion the previous year. Net assets also grew, reaching CFA40.8 billion, up from CFA39.8 billion in 2023.
These figures suggest overall financial stability for SCDP, even though the company has not disclosed the specific measures that helped maintain performance in what it described as a challenging environment.
