Utility Kenya Power has announced dividend payout for the six-month trading period ending December 2024 when the electricity distributor earned KES9.9 billion net profit. The strong half year performance was attributed to cost management initiatives that saw the firm cut on cost of sales and post reduced financing costs largely due to stronger Kenya Shilling during the half under focus.

In the period, Kenya Power saw electricity sales increase by five percent to 5,506GWh from 5,225GWh recorded during the comparable six-months ending December 2023.

"The increase in electricity unit sales was driven by higher consumption as a result of improved network reliability, connection of new customers and improved outage resolution timelines supported by the availability of critical materials including meters and transformers," Kenya Power said in its financial statement. 

However, the utility noted that revenue collected eased by 5.4 percent to KES107.4 billion in December 2025 compared to KES113.5 billion in December 2024. 

The company said this reduction was as a result of lower pass-through costs at a time when the local currency remained stable against major currencies.

Disclosures show that power purchase cost decreased by KES1.65 billion to KES71.4 billion in the half on account of a strong shilling against major foreign currencies in which the bulk of the Power Purchase Agreements (PPAs) is based.

"This cost reduction was further supported by an optimized generation mix dispatched during the period," stated Kenya Power noted. 

"Looking ahead, we are committed to sustaining our improved financial performance through targeted initiatives that enhance efficiency, diversify revenue streams, and drive long-term growth," the management affirmed. 

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