Kenya Power full-year net profit up 2.13pc to Sh25bn
The utility attributed the increase to higher electricity sales, the addition of 411,710 new customers and improved distribution and transmission efficiency.
Nairobi, Kenya - Kenya Power reported a 2.13% increase in net profit to Sh25 billion for the financial year ending June 2026, up from Sh24.4 billion the previous year. The company's revenue from electricity sales rose to Sh238.24 billion, a 12% increase from Sh223.28 billion. Electricity sales grew by 12%, reaching 12,777 gigawatt-hours (GWh) from 11,403 GWh in the prior year.
The firm's distribution and transmission efficiency improved from 78.79% to 81.42%. Kenya Power's finance costs decreased by Sh1.64 billion to Sh3.08 billion, largely due to lower interest expenses resulting from a reduction in outstanding loan balances. Managing Director and CEO Joseph Siror attributed the improved financial performance to measures aimed at increasing electricity demand, enhancing revenue collection, and boosting operational efficiency.
Siror further stated that the company's debt profile improvement would enable continued investments in the network, customer access, digital capabilities, and workforce rejuvenation, while also strengthening shareholder value. The board recommended a final dividend of Sh1.20 per ordinary share, resulting in a total dividend payout of Sh1.50 per share for the year.
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