Kenya Pipeline Company net profit rises 13pc to Sh11.58bn

Nairobi, Kenya – Kenya Pipeline Company (KPC) announced a 13 percent surge in net profit to Sh11.58 billion for the 2026 financial year, up from Sh10.24 billion the previous year. Revenue growth of 9 percent brought total earnings to Sh43 billion, buoyed by a 7 percent rise in petroleum volumes. Profit before tax climbed to Sh17.54 billion, while operating cash flow increased by 34 percent to Sh17.39 billion.

Cash reserves expanded by 84.4 percent to Sh20.54 billion by year-end. Acting CEO Pius Mwendwa credited the gains to higher revenue, better efficiency, and robust cash generation, despite global oil market turbulence. Total assets grew 6 percent to Sh149 billion, and equity rose 11 percent to Sh119 billion, while borrowings dropped 83 percent to Sh442.86 million after repayments.

KPC aims to broaden its services beyond petroleum storage and transportation via a trading hub at Kenya Petroleum Refineries Limited in Mombasa. The hub would handle transhipment, bulk breaking, bunkering, and re-export for regional markets. The company also plans to expand its pipeline from Eldoret to Kampala and Kigali to boost its regional presence.

Revenue is projected to grow from Sh43 billion to Sh68 billion by the 2030 financial year. Mwendwa emphasized KPC's continued focus on petroleum storage and transportation while exploring new revenue avenues. The board endorsed a final dividend of Sh5.9 billion, or Sh0.32 per share, for the year.