The Kenya Electricity Generating Company PLC (KenGen) has announced a surge in profit in its financial performance for the fiscal year ending 30th June 2025.
The company witnessed its net profit increase from Sh6.80 billion last year to Sh10.48 billion, a substantial 54% increase. KenGen has attributed the impressive upswing to enhanced operational efficiency, stringent cost management, and a greater output from its diverse mix of energy sources.
Profit before taxes also saw a significant rise, growing by 42% to reach Sh15.47 billion from Sh10.95 billion the year before. The increase in profit can also be accredited to revenue remaining steady, mainly thanks to high revenues from diversified sources.
Income from non-traditional ventures grew by 235% thanks to the company’s diversification model, particularly its expanding consultancy services, which include the recent completion of a landmark geothermal project in Eswatini.
The company’s strengthened financial position was further evidenced by an 11% reduction in operating expenses, falling to Sh35.14 billion, as a result of lower depreciation and diligent cost-saving measures.
A notable turnaround was seen in net foreign exchange and fair value movements, which yielded a gain of Sh1.45 billion, a stark contrast to the previous year’s loss of Sh722 million.
This resulted in the operating profit recording an increase from Sh9.55 billion to Sh13.62 billion. KenGen assets also continued to see a rise, increasing by 3% from Sh491.29 billion to Sh505.57 billion while shareholder equity rose to Sh284.5 billion.
The firm managed to also fortify its liquidity, ending the year with Sh30.1 billion in cash and cash equivalents. In the financial year that ended June 2025, KenGen continued to be a major player in the energy sector, as it was responsible for 59% of electricity contribution.
The firm maintained a strong output to meet the nation’s escalating power needs, which saw a national peak demand record of 2,392 MW in August 2025.
With an installed capacity of 1,786 MW drawn from geothermal, hydro, wind, and thermal sources, the company generated 8,482 GWh of electricity, contributing reliably to the national grid.
According to Eng. Peter Njenga, KenGen’s Managing Director and CEO, this success is a result of the company’s solid strategic direction and its dedicated team.
“KenGen’s performance this year reflects the strength of our strategy, our people, and our commitment to sustainable energy. As we build on this momentum, we remain dedicated to powering Kenya’s future with clean, reliable, and affordable electricity,” said Eng. Peter Njenga.
