Nairobi, Kenya – The Kenya Electricity Generating Company PLC (KenGen) has registered 54% growth in profit after tax for the year ended June 30, 2025.
According to financial statements released in October 2025, the company posted KSh 10.48 billion net profit, compared to KSh 6.80 billion reported during a similar period in 2024.
The Nairobi Securities Exchange (NSE)-listed firm said the growth in net profit underscores its central role in powering Kenya’s economy while advancing the nation’s clean energy transition.
The power generator attributed the growth to stronger operational efficiency, cost optimisation, and increased generation from its diversified energy portfolio. Profit before tax rose 42% to KSh 15.47 billion.
“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, KenGen’s Managing Director and CEO.
KenGen revenue performance
Notably, revenue from non-traditional sources grew by 235%, reflecting the company’s expanding diversification and consultancy business, including the successful completion of geothermal work in Eswatini.
Revenue for the year remained stable at KSh 56.10 billion, compared to the previous year’s KSh 56.30 billion.
Operating expenses declined by 11% to KSh 35.14 billion, driven by lower depreciation charges and reduced overheads resulting from ongoing efficiency initiatives.
Net foreign exchange and fair value gains amounted to KSh 1.45 billion, compared to a loss of KSh 722 million in the previous year, reflecting the stabilisation of the Kenya Shilling.
Meanwhile, finance costs fell by 20% to KSh 2.25 billion, supported by continued loan repayments and a reduced debt balance.
KenGen’s total assets rose to KSh 505.6 billion, from KSh 491.3 billion the previous year, while shareholder equity climbed to KSh 284.5 billion.
The company ended the year with cash and cash equivalents of KSh 30.1 billion, up from KSh 25.6 billion in 2024.
Operationally, KenGen maintained a strong performance amid steady economic growth and heightened energy demand.
Kenya’s national peak electricity demand reached a record 2,392MW in August 2025, a 5% increase from the prior year.
KenGen’s installed capacity
KenGen’s installed capacity of 1,786 MW, including geothermal, hydro, wind, and thermal generation, produced 8,482GWh of electricity, up 1% from 2024.
The company said it remains focused on delivering its G2G 2034 Strategy, which aims to accelerate renewable energy development and diversify revenue streams.
Its current project pipeline of 253MW includes the 63MW Olkaria I project, the 42.5MW Seven Forks Solar Project, and the 8.6MW Gogo Hydro Power Plant upgrade.
KenGen is also advancing its regional expansion, with the upcoming geothermal drilling project in Ngozi, Tanzania, marking a significant milestone in its cross-border ambitions.
“As we move forward, KenGen’s leadership in renewable energy and our ongoing commitment to innovation and sustainability will remain at the core of everything we do. We are not just providing energy; we are helping to shape a greener, more sustainable future for Kenya and the region,” said Eng. Njenga.
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