Profit at Kenya Power rose to KSh36.01 billion in the financial year ended June 2026, supported by higher electricity sales, stronger revenue and lower financing costs.
The electricity distributor recorded revenue of KSh238.24 billion, up from about KSh219.28 billion in the previous financial year, representing growth of roughly 8.6 %.
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Profit reaches KSh24.99 billion
Kenya Power’s profit stood at KSh24.99 billion, compared with about KSh24.4 billion a year earlier.
The modest increase in net earnings came despite a much stronger rise in electricity sales and revenue during the year.
Electricity sales increased by about 12 %, from 11,403 gigawatt-hours to 12,777 gigawatt-hours.
The company attributed the growth partly to stronger demand across customer categories and the connection of more than 411,000 new customers during the year.
Revenue boosted by higher electricity sales
Electricity revenue increased by KSh18.96 billion during the financial year.
Kenya Power also improved the efficiency of its transmission and distribution network, with system efficiency rising from 78.79 % to 81.42 %.
Managing Director and CEO Joseph Siror said the results reflected continued efforts to improve operational efficiency, strengthen the company’s finances and respond to rising electricity demand.
Power purchase costs remain high
The improved financial performance came as the cost of purchasing electricity continued to place pressure on the company’s expenses.
Power purchase costs rose to about KSh152.65 billion from KSh144.66 billion in the previous year, reflecting increased electricity volumes required to meet demand.
At the same time, financing costs fell significantly.
Kenya Power reported finance costs of KSh3.08 billion, down by KSh1.64 billion, or nearly 35 %, largely because of lower interest expenses and reduced outstanding loan balances.
Working capital position improves
The company also recorded a major improvement in its short-term financial position.
Working capital moved from a deficit of KSh19.21 billion in June 2025 to a surplus of about KSh1.90 billion by June 2026.
That improvement points to stronger liquidity and reduced pressure on Kenya Power’s day-to-day financial obligations.
Kenya Power proposes higher dividend
Shareholders are also set to benefit from the improved performance.
Kenya Power has proposed a total dividend of KSh1.50 per share for the financial year, up from KSh1 per share previously.
The increased payout would raise the total amount distributed to shareholders from about KSh1.95 billion to KSh2.93 billion.
The company’s stronger results come as electricity demand continues to grow and Kenya Power expands its network while investing in system reliability and infrastructure.
