Kenya Power proudly announced a remarkable profit after tax of Ksh24.99 billion for the financial year ending June 30, 2026. This achievement stems from increased electricity sales, a growing customer base, and reduced finance costs, all of which significantly enhanced the utility’s financial performance.
In a press release issued on Friday, September 18, 2026, Kenya Power reported a 2.13% growth in profit after tax, rising from Ksh24.47 billion in the previous year.
The company credited this progress primarily to heightened electricity revenue, fueled by a surge in sales across various customer segments and the successful connection of 411,710 new customers throughout the year.
Furthermore, Kenya Power demonstrated enhanced distribution and transmission efficiency, improving from 78.79% to 81.42%.
Electricity revenue surged by Ksh18.96 billion during the year, with total electricity sales increasing by 12%, climbing from 11,403 GWh to 12,777 GWh.
This growth reflects Kenya Power’s commitment to expanding its customer base and implementing effective revenue protection measures designed to boost collections and minimize losses.
Dr. (Eng.) Joseph Siror, Kenya Power’s Managing Director and CEO, stated, “This year’s business performance exemplifies our continuous commitment to strategic initiatives focused on operational excellence, customer-centricity, financial sustainability, and human capital development.”
He emphasized that these initiatives have driven growth in electricity demand, leading to improvements in revenue, system efficiency, profitability, and the overall financial health of the company.
The customer base has now expanded to approximately 10.4 million, following the successful connection of 411,710 new customers during the financial year.
In addition, Kenya Power achieved a significant reduction in finance costs, which plummeted by 34.68% to Ksh3.08 billion. This decrease was primarily due to lower interest expenses resulting from a decline in outstanding loan balances.
The improved debt profile not only bolstered profitability but also strengthened the balance sheet, facilitating ongoing investments in the electricity network, customer access, and digital capabilities.
Siror remarked, “Our enhanced debt profile has improved profitability, strengthened our balance sheet, and allowed us to invest in our network, customer access, digital capabilities, and workforce renewal, thereby enhancing shareholder value.”
Recent financial reports indicate that Kenya Power’s total borrowings decreased to around Ksh79.8 billion, while its working capital position shifted into positive territory.
The company’s total assets rose by Ksh32.45 billion, reaching Ksh421.49 billion during the financial year, supported by continuous investments in the expansion, reinforcement, and modernization of its electricity network, with capital expenditure totaling Ksh28 billion.
Additionally, Kenya Power reported a significant improvement in working capital, transitioning from a negative Ksh19.21 billion as of June 30, 2025, to a positive Ksh1.90 billion by June 30, 2026.
As a result of this enhanced financial performance, the board of Kenya Power has proposed a higher dividend payout for shareholders, recommending a final dividend of Ksh1.20 per ordinary share. When combined with the Ksh0.30 interim dividend already distributed, the total proposed dividend for the financial year amounts to Ksh1.50 per share.
Looking ahead, the company will prioritize grid automation, smart metering, revenue protection, customer-facing digital initiatives, workforce renewal, and infrastructure investments to accommodate rising electricity demand.
Siror concluded, “Moving forward, we will concentrate on leveraging our improved financial position to enhance service delivery and sustain shareholder value.” Kenya Power will also explore new revenue streams, bolster regulatory readiness, and support increased electricity generation and transmission capacity in response to growing demand.
The FY2025/26 results clearly position customer growth, increased electricity consumption, improved network efficiency, and reduced financing costs as key drivers of Kenya Power’s latest financial success.
