KenGen (Kenya Electricity Generating Company) Shares trading at the Nairobi Securities Exchange(NSE) was halted when the market opened Thursday. NSE, while announcing the temporary freeze on trading of KenGen shares, denied that it had authorised release of the unaudited financial results.
On its X Account, the NSE quickly advised investors to await official communication from the listed firm and the bourse.
According to the NSE Corporate Calendar, KenGen was scheduled to release its audited financial results for the financial year ended 30th June 2025 on 30th October 2025.
Interestingly, KenGen had organised a media briefing at its Stima Plaza at 7.30 am Thursday, only for the listed electric energy producer to cancel the event.
“Due to unavoidable circumstance, tomorrow’s media briefing has been postponed to a later date, “said KenGen in a statement, sent out at 9.00 pm yesterday. This happened some six hours after the media invite had been sent out. KenGen still insists its end-year results, now circulating, are unverified.
KenGen End Year Results Leaked
This follows leakage of what is termed unauthorised financial statements from the NSE, which went public at around midnight Wednesday.
Sources disclosed that trading in KenGen Shares have been halted pending clarification from the issuer regarding the its 2025 end year financial results.
While the unofficial results had been shared on NSE level 2 clearance, the NSE later stated that it had not authorised the report. Confirmed reports indicate that unnamed persons shared these results on the NSE level 2 clearance channel at midnight Wednesday.
Market watchers suspect attempted market manipulation by person(s) with the NSE.
KenGen is among the Best Dividend Payers at the NSE
The listed electricity producer reported a 79% growth in net profit for the six months ending 31st December 2024 to KSh5.30 billion, up from KSh2.96 billion in H1 2023.This performance was attributed to aggressive cost-cutting measures and enhanced operational efficiencies.
The firm is a leading electricity generator in the Eastern Africa region, with an installed generation capacity market share of more than 60%.
It has an installed generation capacity of 1,785MW, made up of Hydro (826MW), Geothermal (754MW), and Wind (25.5MW). The balance is from Thermal sources.
KenGen Shares Performance at the NSE
The counter closed at KSh 9.18 on Wednesday, a 0.2% drop from the previous day’s KSh 9.20. The shares begun the year at KSh 3.64 and has since gained 152% on that price, raking it as one of the best performers at the NSE and one of the most traded stocks.
