NAIROBI, Kenya, Sept 18 – Kenya Power’s net profit rose 2.13 percent to Sh25 billion in the financial year ended June 2026, up from Sh24.4 billion a year earlier.
The utility company attributed the increase to higher electricity sales, the addition of 411,710 new customers and improved distribution and transmission efficiency.
Electricity revenue increased by Sh18.96 billion to Sh238.24 billion, while electricity sales rose 12 percent to 12,777 gigawatt-hours (GWh) from 11,403 GWh in the previous year.
Kenya Power said distribution and transmission efficiency improved from 78.79 percent to 81.42 percent during the year.
The firm also recorded a Sh1.64 billion reduction in finance costs to Sh3.08 billion, mainly due to lower interest expenses following a reduction in outstanding loan balances.
Kenya Power Managing Director and CEO Joseph Siror said the improved financial performance was supported by measures to increase electricity demand, improve revenue collection and strengthen operational efficiency.
“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,” Siror said.
He said the company will focus on grid automation, smart metering, revenue protection, digital services, workforce renewal and network investment to meet rising electricity demand.
The board has recommended a final dividend of Sh1.20 per ordinary share, bringing the total dividend payout for the year to Sh1.50 per share.
