Kenya Power yesterday posted a profit after tax of Ksh.24.47 billion for the 2024/2025 financial year down by 18.7% from the Ksh.30.08 billion posted the last fiscal period.
Kenya Power attributed the performance to improved efficiency, higher consumption of electricity, and reduced operational expenses, supported by a stable shilling against major currencies.
Electricity sales increased by 8%, up by 887 GWh to 11,403 GWh, while the total power purchases increased by 787 GWh. L
The company also managed to decrease its cost of sales by 4%, or Ksh.150.6 billion to Ksh.144.6 billion, saving approximately Ksh.5.94 billion.
Operating expenses also decreased by Ksh.3.86 billion, thanks to fewer expected credit losses a testiment to improved economic conditions and improved customer payment behavior.
In a show of confidence, the board of directors recommended a final dividend of Ksh.0.80 per share, and on top of an interim dividend of Ksh.0.20 that has already been paid earlier in the year.
“Payment of dividend has significantly boosted investor confidence. Kenya Power share price went up by over 900%, from a price of Ksh.1.38 in December 2023 to over Ksh.15,” said board chairperson Joy Brenda Masinde.
During the year, the company added 401,848 new customers to bring its total customer base to 10.1 million.
