Utility firm Kenya Power and Lighting Company (KPLC) recorded a KES 14.8 billion pre-tax profit for the half year ended December 31, 2025, up 5.4% from a similar period the previous year, buoyed by higher electricity sales and reduced finance costs.
Total electricity unit sales climbed 10.5% to 6,086 GWh, while finance costs fell sharply by 24.9% (KES 492 million) to KES 1.48 billion, primarily due to lower interest expenses following scheduled loan repayments and reduced debt levels.
KPLC’s revenue rose by 6.9% to KES 114.87 billion, from KES 107.42 billion in the prior corresponding period on the back of increased electricity demand and enhanced distribution efficiency which improved to 77.97% from 76.35%.
Operating expenses increased by 6.0% to KES 25.16 billion, primarily attributed to higher credit loss provisions, increased depreciation from the capitalization of completed network projects, and higher staff related costs. Profit after tax rose 4.3% to KES 10.4 billion, marking the highest half year net income in the company’s history.
KPLC’s Financial Position Improves
Total borrowings declined by 6% to KES 84.23 billion supported by stability in the Kenya Shilling. Negative working capital reduced from KES 19.21 billion as of June 30, 2025, to KES 12.54 billion as at December 31, 2025. The company’s working capital has remained in the red since December 2016, with the largest deficit recorded in 2019 at KES 68.9 billion.
Interim Dividend Declared
The Board of Directors announced an interim dividend of KES 0.30 per share, up 50% from an interim dividend of 0.20 in the corresponding prior period. The dividend will be paid on or about March 27, 2026, to shareholders on the company’s register on February 23, 2026.
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