Kenya Power reports Ksh36.01 billion in net profit for the year ended June 2026.
Kenya Power reports 8.65 per cent revenue growth and proposes a Ksh1.20 final dividend per ordinary share.
Kenya Power profit reached Ksh36.01 billion for the financial year ended June 30, 2026. Revenue also rose to Ksh238.24 billion, up from Ksh219.28 billion a year earlier.
The utility announced the results in its full-year financial statements ahead of its 105th Annual General Meeting. The meeting will take place on November 27, 2026.
Revenue increased by Ksh18.96 billion, representing growth of 8.65 per cent. Chairperson Joy Brenda Masinde attributed the performance to efforts to strengthen finances, improve efficiency and invest in infrastructure.
Kenya Power profit grows alongside higher purchase costs
Despite the revenue gains, electricity purchase costs climbed to Ksh152.65 billion from Ksh144.66 billion in the previous year. The company attributed the higher spending to increased energy volumes and electricity demand, which continued to pressure operating costs.
Meanwhile, its working capital position shifted from a Ksh19.21 billion deficit in June 2025 to a Ksh1.90 billion surplus. The company reported a Ksh21.1 billion improvement, alongside better liquidity, reduced leverage and greater operational efficiency.
Kenya Power also recorded an increase in its volume-weighted average share price over the same period. The price rose from Ksh11.50 in June 2025 to Ksh17.15 in June 2026, a gain of 49.13 per cent.
Board proposes final dividend as grid concerns persist
Following the resumption of dividend payments in the year ended June 2024, the board has proposed another payout. It recommends a final dividend of Ksh1.20 per ordinary share for the 2025/2026 financial year.
However, shareholders must approve the proposal at the AGM before the company makes the payment. The proposed payment date is on or about December 31, 2026. Eligibility covers shareholders on the register at the close of business on November 27, 2026.
Meanwhile, Kenya Power continues to address electricity supply challenges, including the growing share of solar and wind generation. Managing Director and CEO Joseph Siror raised concerns about variable renewable energy on August 11, 2026.
Siror said these sources accounted for 34 per cent of electricity during peak demand and 36 per cent during low demand. He therefore called for careful integration, alongside greater investment in geothermal and hydro power to stabilise the grid.
