Kenya Power has reported a profit after tax of KSh24.99 billion for the financial year ended June 30, 2026, marking a 2.13 per cent increase from the KSh24.47 billion recorded in the previous financial year. The improved performance was supported by increased electricity sales, higher electricity revenue and a significant reduction in financing costs during the financial year.
Electricity Revenue Rises
Kenya Power’s electricity revenue increased by KSh18.96 billion to KSh238.24 billion, while total electricity sales rose by about 12 per cent from 11,403 gigawatt-hours (GWh) to 12,777 GWh. The company attributed the growth in electricity sales to increased consumption across customer categories and the addition of 411,710 new customers during the year. Kenya Power also reported an improvement in distribution and transmission efficiency, alongside revenue protection measures implemented during the period.
Financing Costs Decline
The company recorded a notable reduction in financing expenses during the year. Finance costs fell by 34.68 per cent, from about KSh4.72 billion to KSh3.08 billion. Kenya Power said the reduction was largely driven by lower interest expenses following a decline in outstanding loan balances. The lower financing burden helped support the company’s overall profitability and contributed to an improvement in its financial position.
Network Investment and Financial Position
Kenya Power said it invested approximately KSh28 billion in capital expenditure during the year, supporting the expansion, reinforcement and modernisation of its electricity network. The company’s total assets increased by KSh32.45 billion to KSh421.49 billion.
Its working capital position also improved significantly, moving from a negative KSh19.21 billion at the end of June 2025 to a positive KSh1.90 billion by June 2026.
Focus on Efficiency and Service Delivery
Kenya Power said it will continue focusing on measures aimed at improving efficiency, strengthening the electricity network and enhancing customer service. The company identified grid automation, smart metering, revenue protection, digital services and infrastructure investment among its priorities as electricity demand continues to grow. It also plans to pursue additional revenue opportunities while supporting increased electricity generation and transmission capacity.
Dividend Payout
Following the financial performance, Kenya Power’s Board recommended a final dividend of KSh1.20 per ordinary share, bringing the total dividend for the year to KSh1.50 per share. The results mark another year of improved profitability for the electricity distributor as it works to strengthen its balance sheet, expand its network and respond to rising electricity demand.
