Kenya Power Half-Year Profits Up 4.3% to Sh10.4bn
By Faith Jepkirui | Updated October 1, 2026
Kenya Power reported a 4.3% increase in net profit to KSh10.4 billion for the six months ended December 31, 2025, supported by higher electricity sales and lower finance costs.
Revenue from electricity sales increased
The company said electricity-sales revenue rose 6.9% to KSh114.87 billion, while units sold increased 10.5% to 6,086 GWh. Distribution efficiency also improved compared with the same period a year earlier.
Pre-tax profit reached KSh14.83 billion
Kenya Power’s pre-tax profit increased from KSh14.06 billion to KSh14.83 billion, a 5.5% rise. The company attributed the improvement mainly to stronger electricity sales and reduced finance costs.
Costs still increased in some areas
Higher electricity demand also pushed up power-purchase costs, while operating expenses increased because of factors including depreciation and provisions for credit losses. This means the profit improvement did not come from cost reductions across the board.
Interim dividend raised to KSh0.30
The board declared an interim dividend of KSh0.30 per share, up from KSh0.20 in the comparable period. Dividend announcements do not guarantee future payouts, which depend on later financial performance and board decisions.
What customers should take from the results
Higher company profit does not automatically mean electricity tariffs will fall. Retail electricity pricing is influenced by regulation, generation costs, fuel adjustments, taxes and other factors beyond Kenya Power’s profitability.
What improved distribution efficiency means
Distribution efficiency measures how much of the electricity purchased by the utility is ultimately billed to customers rather than lost through technical losses, theft or other system inefficiencies. Improvement can support profitability because a larger share of purchased power is converted into billable sales.
What investors should still watch
Half-year results provide only part of the picture. Investors also need to watch receivables, foreign-currency exposure, debt, capital spending and regulatory decisions affecting tariffs and cost recovery. Strong six-month profit does not guarantee the same performance for the full financial year.
