KENGEN PROFIT JUMPS TO KSH 10.5 BILLION AS EFFICIENCY AND GREEN ENERGY DRIVE PAY OFF

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KenGen Managing Director and CEO Eng. Peter Njenga speaks during the announcement of the company’s 2025 financial results in Nairobi

By: Gladys K 

The Kenya Electricity Generating Company PLC (KenGen) has posted strong financial results for the year ending June 30, 2025, showing its steady growth and key role in powering Kenya’s economy through clean energy.

The state-owned power producer reported a 54 percent increase in profit after tax, rising to Ksh10.48 billion from Ksh6.8 billion last year. The impressive growth was mainly supported by better efficiency, reduced costs, and increased generation from its renewable energy plants. Profit before tax also went up by 42 percent to reach Ksh15.47 billion.

KenGen’s Managing Director and CEO, Eng. Peter Njenga, said the company’s strong results show that its strategy and focus on sustainability are working.

“KenGen’s performance this year reflects the strength of our strategy, our people, and our commitment to sustainable energy,” said Eng. Njenga. “As we build on this momentum, we remain dedicated to powering Kenya’s future with clean, reliable, and affordable electricity.”

The company’s total revenue for the year stood at Ksh56.1 billion, almost the same as last year’s Ksh56.3 billion. However, KenGen saw a major boost in earnings from its new business areas such as consultancy and regional projects, which grew by 235 percent. This included successful geothermal drilling work done in Eswatini, showing the company’s growing influence across Africa.

Operating expenses dropped by 11 percent to Ksh35.14 billion, thanks to ongoing efforts to cut costs and improve efficiency. The reduction in expenses was also helped by lower depreciation charges. Finance costs went down by 20 percent to Ksh2.25 billion, helped by continued repayment of loans and a smaller debt burden.

KenGen’s total assets rose to Ksh505.6 billion, up from Ksh491.3 billion the previous year, while shareholders’ equity increased to Ksh284.5 billion. The company also strengthened its cash position, closing the financial year with Ksh30.1 billion in cash and cash equivalents, compared to Ksh25.6 billion in 2024.

Operationally, KenGen continued to perform well amid growing demand for electricity in the country. Kenya’s national peak power demand reached a new record of 2,392 megawatts in August 2025 a 5 percent rise from the previous year. KenGen generated 8,482 gigawatt hours (GWh) of electricity from its geothermal, hydro, wind, and thermal plants, a slight increase from 2024.

The company said it remains focused on delivering its “G2G 2034 Strategy,” which aims to grow renewable energy generation and expand revenue sources. Among the projects in progress are the 63MW Olkaria I Unit 6 project, the 42.5MW Seven Forks Solar Project, and the upgrade of the 8.6MW Gogo Hydro Power Plant.

KenGen is also working on regional expansion, with a geothermal drilling project in Ngozi, Tanzania, expected to start soon.

“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,” added Eng. Njenga. “We are not just providing electricity; we are helping to create a greener and more sustainable future for Kenya and the region.”





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