KenGen (Kenya Electricity Generating Company), the state-owned listed power generator has posted a net profit of KSh 10.5 Billion for the financial year ended 30th June 2025. This is a 54% rise from KSh 6.80 Billion recorded at the June end-year period in 2024.
According to the Corporate calendar that it issued to the Nairobi Securities Exchange(NSE) these end year results were to be published on October 30th 2025.
KenGen attributes its improved financial performance to stronger operational efficiency, cost optimization, and increased generation from its diversified energy portfolio. KenGen also reported a 42% rise in pre-tax profit to KSh15.47 billion.
“KenGen’s performance this year reflects the strength of our strategy, our people, and our commitment to sustainable energy,” said Eng. Peter Njenga, KenGen’s Managing Director and CEO.
The firm’s revenue from non-traditional sources grew by 235%, reflecting the company’s expanding diversification and consultancy business, including the successful completion of geothermal work in Eswatini.
Revenue for the year declined to KSh56.10 billion, compared to the previous year’s KSh.56.30 billion.
Operating expenses declined by 11% to KSh35.14 billion, driven by lower depreciation charges and reduced overheads resulting from ongoing efficiency initiatives.
Net foreign exchange and fair value gains amounted to KSh1.45 billion, compared to a loss of KSh722 million in the previous year, the firm benefiting from a stronger Kenya Shilling/US Dollar exchange rate.
Finance Costs fell by 20% to KSh2.25 billion, supported by continued loan repayments and a reduced debt balance.
KenGen Balance Sheet Size grew to KSh505.6 billion, from KSh491.3 billion the previous year, while shareholder equity climbed to KSh284.5 billion.
The company ended the year with cash and cash equivalents of KSh30.1 billion, up from KSh25.6 billion in 2024.
KenGen maintained a strong performance amid rising demand for electricity that hit a peak demand reached a record 2,392MW in August 2025, a 5% increase from the prior year.
KenGen’s installed capacity of 1,786 MW including geothermal, hydro, wind, and thermal generation, produced 8,482GWh of electricity, up 1% from 2024.
Looking ahead, the company said it remains focused on delivering its G2G 2034 Strategy, which aims to accelerate renewable energy development and diversify revenue streams.
Its current project pipeline of 253MW includes the 63MW Olkaria I project, the 42.5MW Seven Forks Solar Project, and the 8.6MW Gogo Hydro Power Plant upgrade.
KenGen is also advancing its regional expansion, with the upcoming geothermal drilling project in Ngozi, Tanzania, marking a significant milestone in its cross-border ambitions.
“As we move forward, KenGen’s leadership in renewable energy and our ongoing commitment to innovation and sustainability will remain at the core of everything we do. We are not just providing energy; we are helping to shape a greener, more sustainable future for Kenya and the region,” said Eng. Njenga.
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