By Robai Ludenyi
Kenya Power has announced a profit after tax of KSh24.99 billion for the financial year 2025/26, recording a 2.13 per cent increase from the KSh24.4 billion reported in the previous financial year.
The improved financial performance has been attributed to higher electricity revenue, increased electricity sales, reduced financing costs and improvements in the company’s distribution and transmission efficiency.
Kenya Power’s total revenue rose to KSh238.24 billion, while electricity sales increased by 12.05 per cent to 12,777 gigawatt-hours (GWh), up from 11,403 GWh in the preceding financial year.
The company said the growth in electricity revenue was supported by increased consumption across customer categories and the addition of 411,710 new customers during the year.
Distribution and transmission efficiency also improved from 78.79 per cent to 81.42 per cent, contributing to the company’s operational and financial performance.
Electricity revenue increased by KSh18.96 billion to reach KSh238.24 billion. Kenya Power also attributed part of the revenue growth to enhanced revenue protection initiatives implemented during the financial year.
Kenya Power Managing Director and Chief Executive Officer Dr. (Eng.) Joseph Siror said the company’s performance reflected the continued implementation of strategic initiatives aimed at improving operations, customer service, financial sustainability and human capital development.
According to Siror, the initiatives supported growth in electricity demand and improvements in revenue generation, system efficiency, profitability and the company’s overall financial position.
Kenya Power’s financing costs declined by KSh1.64 billion to KSh3.08 billion during the year, representing a reduction of 34.68 per cent. The company attributed the decrease mainly to lower interest expenses following a reduction in outstanding loan balances.
Siror said the improved financial position had enabled the company to continue investing in its electricity network, customer access, digital capabilities and workforce renewal. He added that Kenya Power would focus on translating its improved financial performance into better service delivery and sustained shareholder value.
The company’s priorities include grid automation, smart metering, revenue protection, customer-facing digitalization, and workforce renewal and infrastructure investment to support rising electricity demand.
Kenya Power also plans to pursue new revenue streams, strengthen regulatory readiness and support increased generation and transmission capacity.
Kenya Power reported that its total assets increased by KSh32.45 billion to KSh421.49 billion during the financial year. The growth was supported by continued investment in the expansion, reinforcement and modernisation of the electricity network, with capital expenditure amounting to KSh28 billion during the period.
The company also recorded a significant improvement in its working capital position. Its working capital moved from a negative KSh19.21 billion as of June 30, 2025, to a positive KSh1.90 billion, representing an improvement of KSh21.11 billion.
Following the reported financial performance, Kenya Power’s Board of Directors recommended a final dividend of KSh1.20 per ordinary share. This would bring the total dividend payout to KSh1.50 per share.