Utility Kenya Power has reported a 2.13 percent jump to KSh 24.99 billion in net earnings for the financial year ended June 30th compared to the KSh 24.4 billion recorded during a similar period in 2025.

The company said the rise in profit was attributable to rise in electricity sales across all customer segments during the year. 

Kenya Power reported 411,710 new customers during the year under focus, as well as improved distribution and transmission efficiency to 81.42 percent from 78.79 percent.

Electricity revenue increased by KSh 18.96 billion to KSh 238.24 billion while total sales grew by 12 percent from 11,403 GWh in the previous year to 12,777 GWh. This growth was also supported by enhanced revenue protection initiatives that the Company deployed during the year.

The company noted that its performance also reflects sustained implementation of strategic initiatives focused on operational excellence, customer centricity, financial sustainability and human capital development. 

Electricity demand

"These initiatives supported growth in electricity demand and improvements in revenue, system efficiency, profitability and the Company’s overall financial position,” said Kenya Power CEO, Dr. (Eng.) Joseph Siror.

During the year, finance costs reduced by KSh1.64 billion to KShs.3.08 billion, primarily driven by lower interest expense following the reduction in outstanding loan balances. The reduction reflects the Company’s continued focus on strengthening its debt profile and reducing overall financing costs.

“The improved debt profile enhanced profitability and strengthened the balance sheet. This enabled continued investment in the network, customer access, digital capabilities and workforce rejuvenation, while enhancing shareholder value. Going forward, the Company will focus on translating its improved financial position into better service delivery and sustained shareholder value. 

"Key priorities include grid automation, smart metering, revenue protection, customer-facing digitalisation, workforce renewal and infrastructure investment to support rising electricity demand. The Company will also pursue new revenue streams, strengthen regulatory readiness and support increased generation and transmission capacity,” said Dr. (Eng) Siror.

The Company’s financial position strengthened during the year, with total assets increasing by KSh 32.45 billion to KSh 421.49 billion. This growth was supported by continued investment in expansion, reinforcement and modernisation of the electricity network, with capital expenditure of KSh 28 billion during the year.

Additionally, the Company achieved a significant turnaround in its working capital position, moving from negative KSh19.21 billion as at 30 June 2025 to positive KSh1.90 billion, an improvement of KSh 21.11 billion.

Following the impressive financial performance, the Board of Directors has recommended a final dividend of Kshs.1.20 per ordinary share, bringing the total dividend payout to Kshs.1.50 per share.

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