The Kenya Power and Lighting Company has announced a strong financial performance in the 2024/2025 financial year, posting a profit before tax of Ksh35.37 billion.
The utility company announced a profit after tax of Ksh24.47 billion for the financial year ended June 30, 2025, and proposed a final dividend of Ksh0.80 per share, in addition to an interim dividend of Ksh0.20 already paid during the year.
While announcing the results for FY 24/25 during the company’s 104th Annual General Meeting (AGM) held on Friday, November 28, Board Chairperson Joy Brenda Masinde said that the Ksh35.37 billion pre-tax profit was driven by higher electricity sales, improved efficiency, and disciplined cost management.
Masinde outlined key milestones shaping the utility’s continued turnaround, highlighting 8.4% growth in electricity sales, cost savings from reduced interest expenses, and a stronger shilling.
Kenya Power reports Ksh219 billion electricity revenue
This boosted electricity revenue to Ksh219.28 billion, reinforcing the firm’s role as a cornerstone of Kenya’s economic activity.
“Our continued focus on operational excellence also delivered a 1.95% increase in distribution efficiency,” she said.
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While highlighting the company’s strong operations, better service, and continued investment, Kenya Power noted that 401,848 new customers were connected this year, achieving a 76% access rate and raising customer satisfaction to 72%.
The company also invested Ksh29.4 billion in strengthening the grid, which now spans 328,000 kilometres.
“Heading into FY 25/26, we expect more growth supported by higher demand, renewable integration, and a focus on system efficiency, revenue diversification, and debt reduction,” the company said.
On his part, Managing Director and CEO, Dr. Joseph Siror, said that sustainability remained integral to Kenya Power’s operations during the FY 2024/25.
He said that the utility company mitigated adverse environmental and social impacts and amplified positive outcomes through the Kenya Power Foundation and the Sustainability Framework.
“Additionally, we promoted clean energy adoption through electric cooking #eCooking) and electric motorisation (eMobility)to help customers shift to safer, cleaner, and more efficient energy solutions,” Siror said.
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Operational performance improved during the year, with transmission availability reaching approximately 99.9 percent and system losses declining to 21.21 percent, supported by targeted refurbishment, reinforcement of the network, and intensified meter inspections to curb commercial losses.
Dividend declared after Ksh24 billion profit
The Ksh35.37 billion gross profit compares to a net profit of Ksh30 billion in the year ended June 30, 2024 — a remarkable turnaround from the Ksh3.19 billion loss recorded the previous year.
While announcing the results for the financial year ended June 30, 2025, last month, Kenya Power declared a Ksh0.80 dividend per share, bringing the total dividend payout to Ksh1.00 per ordinary share, up from Ksh0.70 in the previous financial year.
Kenya Power further confirmed that shareholders on record as of December 2, 2025, would qualify for the dividend, which is expected to be paid on or about January 30, 2026, subject to approval.
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