Kenya Power Posts KSh10.4 Billion Profit, Driven by Higher Electricity Sales and Improved Network Efficiency

Kenya Power and Lighting Company Plc reported a 4.3 percent rise in net profit, reaching KSh10.4 billion for the half-year ending December 31, 2025. The growth was fueled by increased electricity sales and lower finance costs, reflecting strong demand and operational efficiency.

The company said the results show continued progress in performance and building a stronger, more resilient balance sheet. “Our half-year results reflect strengthened performance and resilience through a stronger balance sheet,” Kenya Power noted in its statement.

Revenue from electricity sales climbed 6.9 percent to KSh114.9 billion, supported by higher consumption and improved network efficiency. Electricity unit sales rose 10.5 percent to 6,086 GWh, while distribution efficiency improved to 77.97 percent, up from 76.35 percent. Kenya Power attributed the gains to network upgrades and loss-reduction measures implemented across its operations.

Despite these gains, power purchase costs increased by KSh5.33 billion due to higher demand. Total energy purchases rose 8.3 percent to 7,807 GWh. Operating expenses also increased to KSh25.16 billion from KSh23.74 billion, driven by higher provisions for expected credit losses, increased depreciation on capitalized network projects, and rising staff-related costs.

In line with improved performance, the board declared an interim dividend of KSh0.30 per share, payable on or around March 27, 2026, to shareholders on the register as of February 23, 2026.

Kenya Power emphasized that ongoing network upgrades, efficiency improvements, and better electricity distribution remain key to its growth strategy. With demand continuing to rise, the company is focused on strengthening infrastructure and optimizing operations to serve households and businesses nationwide.

Analysts said the results show that targeted investments and efficiency gains are paying off. Rising consumption, better revenue collection, and disciplined cost management helped Kenya Power maintain stable profits despite higher energy purchase costs, positioning the company for sustainable growth in the coming years.