Higher electricity sales has enabled Kenya Power to realise a full year profit after tax of Ksh 24.99 billion.
The 2.13% growth from Ksh 24.4 billion reported last year came after electricity revenue went up by Ksh 18.96 billion to Ksh 238.24 billion while total sales grew by 12% from 11,403 GWh in the previous year to 12,777 GWh.
“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,” said Dr Joseph Siror, Kenya Power Managing Director.
During the 2025/26 financial year, the firm says it added 411,710 new customers as it reported improvements in distribution and transmission efficiency from 78.79% to 81.42%.
Kenya Power also reported lower finance costs during the year after declining by Ksh 1.64 billion to Ksh 3.08 billion driven by lower interest expense following the reduction in outstanding loan balances.
“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,” added Siror.
Total assets increasing by Ksh 32.45 billion to Ksh 421.49 billion supported by continued investment in expansion, reinforcement and modernisation of the electricity network.
In the year under review, the firm says its capital expenditure amounted to Ksh 28 billion.
The utility now plans to prioritise grid automation, smart metering, revenue protection, customer-facing digitalisation, workforce renewal and infrastructure investment to support rising electricity demand.
Following the improved performance, the board has recommended a final dividend of Ksh 1.20 per ordinary share, bringing the total dividend payout to Ksh 1.50 per share.
