Kenya Electricity Generating Company (KenGen) has announced a dividend payout to its shareholders following a profitable performance of Ksh 10.5 billion for the financial year ended June 30, 2025.
According to the audited results published on Thursday, November 13, 2025, the company declared a dividend per share (DPS) of KSh 0.90, marking a 38.5% increase from KSh 0.65 paid in the previous financial year.
“The Board of Directors is pleased to propose a final dividend of Kshs 0.90 per share for the financial year ended 30th June 2025. This proposal underscores the Company’s continued commitment to enhancing shareholder value while ensuring adequate resources are retained to support ongoing investments in generation capacity growth and operational efficiency improvements,” announced the Board of Directors.
KenGen Announces Dividends for Shareholders
KenGen attributed the improved performance to increased generation capacity and efficiency gains across its renewable energy portfolio, particularly geothermal and hydro power. The company reported that it generated 8,482 GWh of electricity during the year, representing a 1% increase from the 8,389 GWh recorded in 2024, with an installed capacity of 1,786 MW.
“Through efficient operation of our power units and round-the-clock maintenance, we generated 8,482 GWh, accounting for 59% of Kenya’s electricity consumption. By optimizing our hydro resources, we ensured steady generation throughout the year. Our continued geothermal drilling at Olkaria strengthened the steam supply and supported reliable plant operations. These efforts reflect our commitment to sustainable and efficient energy production,” said KenGen.
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The company’s total revenue slightly dropped from KSh 56.3 billion in 2024 to KSh 56.1 billion in 2025. However, profit before tax rose from KSh 10.9 billion to KSh 15.5 billion, while profit after tax increased by 54%, from KSh 6.8 billion to KSh 10.5 billion.
Eng. Peter Njenga, KenGen’s Managing Director and CEO, said the company’s strong results reflected the impact of collaboration and stakeholder partnerships.
“Our outstanding performance this year is a testament to the power of partnership. This achievement was made possible through the unwavering collaboration, respect, and engagement of all our stakeholders, underscoring our shared commitment to success.
I express my sincere gratitude to our shareholders, the Government of Kenya, development partners, and other stakeholders for their continued support, which has been pivotal to our progress. I also thank our Board of Directors for their strategic guidance and steadfast leadership, which have been instrumental in steering the company forward,” said Eng. Njenga.
About Audited Results for the Year Ended June 30, 2025
Elsewhere, KenGen experienced an 11% decrease in operating expenses, totaling Ksh. 35.14 billion. This decline was primarily driven by lower depreciation charges and reduced overheads resulting from ongoing efficiency initiatives.
The company reported net foreign exchange and fair value gains of Ksh. 1.45 billion, a significant turnaround from a loss of Ksh. 722 million in the previous year, which reflects the stabilization of the Kenyan Shilling.
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Additionally, finance costs decreased by 20%, reaching Ksh. 2.25 billion, aided by continued loan repayments and a reduced debt balance.
KenGen’s total assets increased to Ksh. 505.6 billion, up from Ksh. 491.3 billion the previous year, while shareholder equity rose to Ksh. 284.5 billion. The company concluded the year with cash and cash equivalents amounting to Ksh. 30.1 billion, an increase from Ksh. 25.6 billion in 2024.
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