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Kenya Power has announced a KShs.24.47 billion profit after tax for the financial year 2024/2025, reflecting resilience and strong operational performance despite an 18.7% decline from the previous year’s KShs.30.08 billion.
Total revenue rose to KShs.219.29 billion, with profit before tax reaching KShs.35.38 billion. The performance was supported by increased unit sales, improved efficiency, and lower operating costs.
Revenue Growth and Cost Savings
Electricity sales rose by 887 GWh to 11,403 GWh, an 8% increase compared to the previous year, while unit purchases grew by 787 GWh, underscoring sustained customer demand.
The company realized KShs.5.94 billion in savings from reduced power purchase costs, mainly attributed to foreign exchange gains on dollar-denominated Power Purchase Agreements (PPAs) and the relative stability of the Kenyan shilling.
CEO Dr. Siror: Affordable Power Driving Growth
Kenya Power’s Managing Director and CEO, Dr. (Eng.) Joseph Siror, credited the results to the government’s ongoing tariff reforms and affordability agenda.
“The base tariff has been coming down over the last two years, reflecting the government’s commitment to lowering the cost of electricity,” said Dr. Siror. “This has made electricity more affordable for consumers, enabling higher usage while allowing us to benefit from economies of scale.”
Operating expenses decreased by KShs.3.86 billion, thanks to lower expected credit losses and better customer payment discipline.
Ndindi Nyoro: How I made Sh244M profit from Kenya Power shares in 4 years
Dividend Payout and Share Price Surge
The Board of Directors has recommended a final dividend of KShs.0.80 per share, following an interim dividend of KShs.0.20 paid earlier in the year — marking the second consecutive year of dividend payments.
Board Chair Joy Brenda Masinde praised the company’s turnaround and investor confidence.
“For the second year in a row, the company is paying dividends to investors. The Kenya Power share price has appreciated by over 900%, from KShs.1.38 in December 2023 to more than KShs.15 today. This reflects confidence in our
Customer Milestone and Grid Modernization
Kenya Power surpassed the 10 million customer mark, connecting 401,848 new customers during the financial year. This expansion brings the total customer base to 10.1 million.
The company’s system efficiency improved to 78.79%, up from 76.84% the previous year, driven by grid upgrades, reinforcement projects, and loss-reduction initiatives.
Outlook: Sustaining Growth and Reliability
Kenya Power’s 2024/2025 performance reinforces its pivotal role in powering Kenya’s economic transformation. With continued focus on grid modernization, renewable integration, and customer-centric operations, the company is positioning itself for sustainable growth in the evolving energy landscape.
