Kenya Power has reported a KSh24.99 billion profit after tax for the financial year 2025/26, representing a 2.13% increase from the KSh24.4 billion recorded in the previous financial year.
The improved performance was primarily driven by higher electricity revenue, supported by increased electricity sales across all customer categories and consumption from 411,710 new customers added during the year.
The Company also recorded improved distribution and transmission efficiency, which rose from 78.79% to 81.42%, contributing to stronger operational and financial performance.
Electricity revenue increased by KSh18.96 billion to KSh238.24 billion, while total electricity sales grew by 12%, from 11,403 GWh in the previous financial year to 12,777 GWh.
Kenya Power attributed the growth partly to enhanced revenue protection initiatives implemented during the year.
“This year’s business performance reflects the Company’s sustained implementation of strategic initiatives focused on operational excellence, customer centricity, financial sustainability and human capital development. These initiatives supported growth in electricity demand and improvements in revenue, system efficiency, profitability and the Company’s overall financial position,” said Kenya Power Managing Director and CEO, Dr. (Eng.) Joseph Siror.
Finance Costs Decline
Kenya Power also recorded a significant reduction in finance costs during the year.
Finance costs declined by KSh1.64 billion to KSh3.08 billion, primarily due to lower interest expenses following a reduction in outstanding loan balances.
The reduction reflects the Company’s continued efforts to strengthen its debt profile and lower overall financing costs.
According to Dr. Siror, the improved debt position strengthened profitability and the Company’s balance sheet, enabling continued investment in the electricity network, customer access, digital capabilities and workforce renewal.
Going forward, Kenya Power plans to focus on grid automation, smart metering, revenue protection, customer-facing digitalisation, workforce renewal and infrastructure investment to support rising electricity demand.
The Company also plans to pursue new revenue streams, strengthen regulatory readiness and support increased generation and transmission capacity.
Assets and Working Capital Strengthen
Kenya Power’s financial position strengthened during the year, with total assets increasing by KSh32.45 billion to KSh421.49 billion.
The growth was supported by continued investment in the expansion, reinforcement and modernisation of the electricity network. Capital expenditure during the year stood at KSh28 billion.
The Company also achieved a significant turnaround in its working capital position.
Working capital improved from a negative KSh19.21 billion as at 30 June 2025 to positive KSh1.90 billion, representing an improvement of KSh21.11 billion.
The improvement points to stronger liquidity management and a strengthened financial position as Kenya Power continues investing in network infrastructure and improving operational efficiency.
Dividend Payout
Following the financial performance, the Kenya Power Board of Directors has recommended a final dividend of KSh1.20 per ordinary share, bringing the total dividend payout for the financial year to KSh1.50 per share.
The results come as Kenya Power continues to implement measures aimed at improving operational efficiency, strengthening its balance sheet and preparing the electricity network to accommodate growing demand across Kenya.
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