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Kenya Power made a net profit of Ksh36.01 billion for the financial year ended June 30, 2026. Its revenue rose to Ksh238.24 billion, up from Ksh219.28 billion the year before. The company released the results ahead of its 105th Annual General Meeting on Friday, November 27.
Revenue grew by Ksh18.96 billion, or 8.65 per cent. Chairperson Joy Brenda Masinde credited the result to efforts to strengthen the company’s finances, improve how it runs, and invest in infrastructure to meet rising demand for electricity.
Not all the news was good on costs. The company spent more on buying power, which rose to Ksh152.65 billion from Ksh144.66 billion. It said more energy was bought and demand kept pushing costs up.
Its working capital moved from a deficit of Ksh19.21 billion in June 2025 to a surplus of Ksh1.90 billion in June 2026. Its share price also rose, from Ksh11.50 to Ksh17.15, a gain of 49.13 per cent.
The Board is recommending a final dividend of Ksh1.20 per share for 2025/2026. It will be paid on or about December 31, 2026, to shareholders registered on November 27, 2026, if the AGM approves it.
Managing Director Joseph Siror has raised concerns about the growing share of solar and wind power on the grid. On August 11, he said these sources made up 34 per cent of electricity during peak demand and 36 per cent during low demand. He called for careful management of these sources and more investment in geothermal and hydro power to keep the grid stable.
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