- Kenya Power posts KSh 14.83 billion profit before tax for H1 2025/26, up 5.5% YoY.
- Interim dividend of KSh 0.30 per share announced, payable March 27, 2026.
- KPLC stock rises to KSh 15.25, climbing from a December low of KSh 11.20.
Kenya Power (KPLC) recorded a profit before tax of KSh 14.83 billion for the six months ending December 31, 2025, up 5.5% from KSh 14.06 billion in the prior period. The increase was driven by higher electricity sales and reduced finance costs, highlighting improved operational efficiency
The company’s strong performance has prompted the board to declare an interim dividend of KSh 0.30 per share, payable on March 27, 2026. Meanwhile, the KPLC stock trades at KSh 15.25, reflecting a steady upward trend since hitting KSh 11.20 in December, similar to gains seen in other top-performing Kenyan stocks.
Kenya Power Earnings Rise on Higher Sales and Efficiency
Kenya Power’s half-year earnings show clear improvements across revenue, sales, and operational efficiency. The company sold 6,086 GWh of electricity in the period, marking a 10.5% increase from the same period last year. Revenue from electricity sales rose 6.9%, climbing from KSh 107.42 billion to KSh 114.87 billion, supported by higher electricity demand and improved distribution efficiency.
Distribution efficiency improved from 76.35% to 77.97%, reflecting “enhanced network performance and effective loss reduction initiatives,” according to Stephen Vikiru, KPLC’s General Manager of Finance. Lower finance costs also contributed to profitability, falling by KSh 492 million as the company reduced its loan portfolio by 6% and benefited from stable foreign currency exchange rates.
In line with the improved earnings, the board announced an interim dividend of KSh 0.30 per share, payable to shareholders registered as of February 23, 2026. KPLC emphasized that future efforts will focus on safeguarding supply adequacy, accelerating loss reduction programs, and advancing grid modernization and digitization to enhance service reliability and customer experience.
While the profit increase is notable, analysts on X have highlighted the broader context. One noted that although KPLC posted a KSh 14.8 billion profit, Kenyans continue to pay some of the highest electricity rates in East Africa at KSh 0.15/kWh compared to Uganda’s $0.11/kWh and Tanzania’s $0.09/kWh.
KPLC Stock Climbs
KPLC shares opened trading in 2026 at KSh 13.65 and have risen steadily to KSh 15.25 at press time, marking a growth of approximately 11.7% since the start of the year. The stock bottomed at KSh 11.20 on December 10, 2025, reflecting a recovery of 36.2% over less than two months. This upward momentum aligns with the company’s positive earnings report and the announced dividend.
Investors are drawing parallels with other high-performing Kenyan stocks. Kenya Airways’ recovery has shown how strategic resilience can drive stock gains even amidst uncertainty. These trends suggest that KPLC’s stock performance is part of a wider uptick in Kenyan equities, reinforced by stabilizing economic indicators like the easing inflation rate.
Going forward, the focus remains on modernizing the grid, reducing losses, and maintaining supply adequacy as electricity demand grows, all within the context of a strengthening Kenyan equity market, where other leading stocks are also seeing gains, supported by improving economic indicators, such as a lower inflation rate.
