KenGen posts Sh10.5bn profit on efficiency and renewable energy growth
KenGen Managing Director and CEO Eng Peter Njenga speaking on October 31,2025. Photo/KenGen
Kenya Electricity Generating Company PLC (KenGen) has announced a profit after tax of Sh10.48 billion for the financial year ended June 30, 2025, up from Sh6.80 billion in 2024 as the company recorded a 54 percent increase.
In a statement dated October 31, 2025, the company attributed the strong performance to enhanced operational efficiency, cost management, and increased generation from its renewable energy portfolio. Profit before tax rose by 42 percent to Sh15.47 billion.
KenGen, which is listed on the Nairobi Securities Exchange (NSE), said the results reflect steady progress in its clean energy strategy and commitment to operational excellence.
Managing Director and Chief Executive Officer Peter Njenga said the performance reflected the strength of the company’s strategy, its people, and its commitment to sustainable energy.
“KenGen’s performance this year reflects the strength of our strategy, our people, and our commitment to sustainable energy,” he said.
“As we build on this momentum, we remain dedicated to powering Kenya’s future with clean, reliable, and affordable electricity.”
KenGen recorded a 235 percent increase in revenue from non-traditional sources, driven by growth in its consultancy and regional geothermal business, including the successful completion of a project in Eswatini.
Overall revenue remained steady at Sh56.10 billion, compared to Sh56.30 billion in the previous financial year.
Operating expenses declined by 11 percent to Sh35.14 billion, reflecting the company’s continued focus on cost optimisation and efficiency initiatives.
Net foreign exchange and fair value gains amounted to Sh1.45 billion, reversing a loss of Sh722 million last year.
Finance costs also decreased by 20 percent to Sh2.25 billion, supported by sustained loan repayments and a lower debt balance.
KenGen’s balance sheet strengthened during the year, with total assets increasing to Sh505.6 billion from Sh491.3 billion in 2024, while shareholder equity rose to Sh284.5 billion. The company ended the year with cash and cash equivalents of Sh30.1 billion, up from Sh25.6 billion.
Operationally, KenGen maintained robust performance amid rising national electricity demand, which reached a record peak of 2,392MW in August as demand grew by 5pc year-on-year.
The company’s installed capacity of 1,786MW generated 8,482GWh of electricity, marking a 1pc increase from 2024.
Looking ahead, the company said it remains focused on delivering its G2G 2034 Strategy, aimed at accelerating renewable energy growth and diversifying revenue streams.
The current project pipeline totals 253MW, including the 63MW Olkaria I Project, the 42.5MW Seven Forks Solar Project, and the 8.6MW Gogo Hydro Power Plant upgrade.
KenGen is also expanding its regional footprint, with a geothermal drilling project set to begin in Ngozi, Tanzania, marking a key milestone in its cross-border strategy.
According to Eng Njenga, KenGen’s leadership in renewable energy and its ongoing commitment to innovation and sustainability will remain central to its operations.
“We are not just providing energy…we are helping to shape a greener, more sustainable future for Kenya and the region,” he said.
