Kenya Power Profit Rises to Ksh24.99B as Electricity Sales Grow 12%

Kenya Power recorded a Ksh 24.99 billion profit after tax for the financial year ended June 30, 2026, following higher electricity sales, customer growth and lower finance costs.

In a statement issued on Friday, September 18, 2026, the electricity distributor said its profit increased by 2.13 per cent from Ksh 24.47 billion reported in the previous financial year.

The improved results come as the utility expands its customer base and invests in strengthening its electricity network.

Electricity sales increase as customer base grows

Kenya Power’s electricity sales rose by 12 per cent during the year, increasing from 11,403 gigawatt-hours (GWh) to 12,777 GWh.

The company reported an additional Ksh18.96 billion in electricity revenue, supported by increased sales across customer categories and the connection of 411,710 new customers.

Its customer base grew to approximately 10.4 million, while distribution and transmission efficiency improved from 78.79 per cent to 81.42 per cent.

Kenya Power said revenue protection measures also supported its performance by improving collections and reducing electricity losses.

Managing Director and Chief Executive Officer Joseph Siror attributed the results to the implementation of strategic initiatives focused on operational efficiency, customer service and financial sustainability.

“These initiatives supported growth in electricity demand and improvements in revenue, system efficiency, profitability and the Company’s overall financial position,” Siror said.

Finance costs decline as debt position improves

Kenya Power’s finance costs fell by 34.68 per cent to Ksh 3.08 billion, mainly due to lower interest expenses following a reduction in outstanding loans.

The utility’s total borrowings stood at approximately Ksh 79.8 billion, while its total assets increased by Ksh 32.45 billion to Ksh 421.49 billion.

The company invested Ksh28 billion in capital expenditure during the year to support the expansion and modernisation of its electricity network.

Kenya Power’s board has recommended a final dividend of Ksh 1.20 per ordinary share. Together with the Ksh 0.30 interim dividend already paid, the total proposed dividend stands at Ksh 1.50 per share.

The utility plans to prioritise grid automation, smart metering, digital customer services and revenue protection as it works to improve service delivery and support rising electricity demand.