NAIROBI, Kenya- Kenya Power has posted a Sh24.99 billion profit after tax for the financial year ended June 2026, supported by higher electricity sales and lower financing costs.
The profit represents a 2.13 per cent increase from the Sh24.4 billion recorded in the previous financial year.
The electricity distributor said total revenue rose by Sh18.96 billion to Sh238.24 billion as consumption increased across all customer categories.
Electricity sales grew by 12.05 per cent, rising from 11,403 gigawatt-hours in the previous year to 12,777 gigawatt-hours.
Kenya Power attributed the growth to higher consumption, the addition of 411,710 new customers and an improvement in distribution and transmission efficiency from 78.79 per cent to 81.42 per cent.
The company said enhanced revenue-protection measures implemented during the year also contributed to the improved performance.
“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,” Kenya Power Managing Director and CEO Joseph Siror said.
Siror said the initiatives supported growth in electricity demand and improvements in revenue, system efficiency and the company’s overall financial position.
Finance costs fall by Sh1.64 billion
Kenya Power’s financing costs declined by 34.68 per cent, falling by Sh1.64 billion to Sh3.08 billion.
The company attributed the reduction to lower interest expenses following a decline in outstanding loan balances.
According to Siror, the improved debt profile strengthened Kenya Power’s balance sheet and created room for further investment in the electricity network, digital services, customer access and workforce renewal.
The company plans to prioritise grid automation, smart meters, revenue protection, customer-facing digital services and infrastructure investment to meet growing electricity demand.
It will also pursue new revenue streams and support increased generation and transmission capacity.
Assets rise to Sh421.49 billion
Kenya Power’s total assets increased by Sh32.45 billion to Sh421.49 billion during the financial year.
The company invested Sh28 billion in expanding, reinforcing and modernising its electricity network.
Its working capital position also improved by Sh21.11 billion, moving from a negative Sh19.21 billion as of June 30, 2025, to a positive Sh1.90 billion at the end of June 2026.
Following the financial performance, the board recommended a final dividend of Sh1.20 for every ordinary share.
The proposed payout brings the total dividend for the year to Sh1.50 per share.
The final dividend will be subject to approval by shareholders at the company’s annual general meeting.
