KenGen net profit drops to Sh10.35bn on lower finance income
KenGen said finance income fell from Sh4.1 billion to Sh2.9 billion during the year.
The Kenya Electricity Generating Company, commonly known as KenGen, reported a slight decline in its net profit for the year ending June 30, 2026. The net profit fell to Sh10.35 billion, down from Sh10.48 billion the previous year. This decline was primarily due to a decrease in finance income, which dropped from Sh4.1 billion to Sh2.9 billion.
Despite this, KenGen managed to reduce its finance costs by 12.1 percent to Sh2 billion through effective capital and debt management. The company's total borrowings also decreased by Sh12.2 billion to Sh97.1 billion.
KenGen's Managing Director and CEO, Peter Njenga, noted that despite the decline in net profit, electricity demand continued to rise, reaching a record high of 2,549 megawatts (MW) on July 15, 2026. He emphasized that this surge in demand is indicative of a growing and increasingly interconnected economy. In response to this trend, Njenga stated that KenGen is committed to expanding its generation capacity and strengthening the electricity system to meet the increasing demand.
In 2026, KenGen supplied 8,975 gigawatt hours (GWh) of electricity to the national grid, accounting for 57.2 percent of the total electricity supplied. Over 90 percent of this electricity was generated from renewable sources, primarily geothermal and hydro power.
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