Kenya Power Records Ksh.24.47B Profit, 18.7% Fall from Last Year
Kenya Power has reported a profit after tax of Ksh.24.47 billion for the 2024/2025 financial year, marking an 18.7% decline from the previous year. Despite the dip, the Kenya Power 2025 profit report highlights strong sales growth, operational savings, and improved system efficiency.
Profit Performance and Financial Overview
According to the company, last year’s profit stood at Ksh.30.08 billion, but 2025’s results were buoyed by increased electricity sales and reduced operational costs. Electricity sales rose by 887 GWh to reach 11,403 GWh, reflecting an 8% increase, while total unit purchases grew by 787 GWh.
Kenya Power attributed the improved performance to greater system efficiency, higher power consumption, and cost savings supported by the stability of the Kenyan shilling against major currencies.
The cost of sales dropped by 4%, from Ksh.150.6 billion to Ksh.144.6 billion, saving the company nearly Ksh.5.94 billion. Operating expenses also decreased by Ksh.3.86 billion, due to lower expected credit losses and better customer payment behavior.
Dividend and Shareholder Returns
The Kenya Power board of directors recommended a final dividend of Ksh.0.80 per share, in addition to an interim dividend of Ksh.0.20 already issued earlier in the year.
Board Chairperson Joy Brenda Masinde noted that dividend payments had significantly boosted investor confidence. “The Kenya Power share price has appreciated by more than 900%, from Ksh.1.38 in December 2023 to over Ksh.15,” she said.
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Customer Growth and Future Outlook
Kenya Power connected 401,848 new customers during the year, bringing its total customer base to 10.1 million. The company continues to focus on network expansion, improved billing systems, and digitization of customer services to enhance reliability and revenue collection.
Analysts say that despite the drop in profits, Kenya Power’s efforts to modernize operations and manage costs position it well for stable future performance, especially as industrial and household power demand continues to grow.
