The Kenya Electricity Generating Company PLC (KenGen) has posted a robust financial performance for the year ended June 30, 2025, marking a 54 percent jump in profit after tax to Ksh.10.48 billion from Ksh.6.80 billion the previous year.
The surge underscores the company’s success in driving operational efficiency, cost optimization, and renewable energy expansion.
Profit before tax rose by 42 percent to Ksh.15.47 billion, highlighting improved financial resilience despite a challenging macroeconomic environment.
“KenGen’s performance this year reflects the strength of our strategy, our people, and our commitment to sustainable energy,” said Managing Director and CEO Eng. Peter Njenga. “As we build on this momentum, we remain dedicated to powering Kenya’s future with clean, reliable, and affordable electricity.”
Revenue for the year stood at Ksh.56.10 billion, nearly stable from Ksh.56.30 billion in 2024, as stronger performance in geothermal and consultancy services offset marginal declines in traditional sources.
Notably, revenue from non-traditional businesses grew by an impressive 235 percent, driven by KenGen’s expanding consultancy portfolio, including successful geothermal drilling operations in Eswatini.
Operating expenses dropped by 11 percent to Ksh.35.14 billion, reflecting lower depreciation charges and reduced overheads under ongoing efficiency programs. The company also benefited from a stronger Kenya Shilling, with net foreign exchange and fair value gains amounting to Ksh.1.45 billion compared to a loss of Ksh.722 million last year. Finance costs declined by 20 percent to Ksh.2.25 billion, buoyed by reduced debt levels and sustained loan repayments.
KenGen’s total assets climbed to Ksh.505.6 billion from Ksh.491.3 billion in 2024, while shareholder equity rose to Ksh.284.5 billion. The company ended the financial year with Ksh.30.1 billion in cash reserves, up from Ksh.25.6 billion previously, positioning it strongly for future investments.
Operationally, KenGen maintained steady electricity generation, producing 8,482 GWh during the year, a 1 percent rise from 2024 against the backdrop of a 5 percent increase in national peak demand, which hit a record 2,392 MW in August 2025. The company’s installed capacity of 1,786 MW spans geothermal, hydro, wind, and thermal energy sources.
KenGen reaffirmed its commitment to the G2G 2034 Strategy, focused on accelerating renewable energy projects and diversifying revenue streams. Its active project pipeline totals 253 MW, including the 63 MW Olkaria geothermal project, the 42.5 MW Seven Forks Solar Project, and the 8.6 MW Gogo Hydro Power Plant upgrade.
Regionally, KenGen is extending its clean energy footprint, with a major geothermal drilling project set to commence in Ngozi, Tanzania.
As Kenya’s largest power producer, KenGen’s 2025 results highlight its pivotal role in advancing the nation’s clean energy transition and supporting sustainable economic growth.