“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 Managing Director and CEO Peter Njenga on Friday, 31 October
By The Weekly Vision Reporter
Kenya Electricity Generating Company (KenGen) recorded a 54 per cent rise in profit after tax for the year ended 30 June 2025, to KSh 10.48 billion, compared with KSh 6.80 billion in 2024. The growth in profit was buoyed by stronger operational efficiency, cost optimisation, and increased generation from its diversified energy portfolio. Profit before tax rose by 42 per cent to KSh 15.47 billion.
“KenGen’s performance this year reflects the strength of our strategy, our people and our commitment to sustainable energy,” Managing Director and CEO Peter Njenga said on Friday, 31 October. “As we build on this momentum, we remain dedicated to powering Kenya’s future with clean, reliable and affordable electricity.”
Revenue from non-traditional sources grew by 235 per cent, 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 per cent 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 per cent 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 shareholders’ 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 2,392 MW in August 2025, a 5 per cent increase from the prior year.
KenGen’s installed capacity of 1,786 MW—including geothermal, hydro, wind, and thermal generation- produced 8,482 GWh of electricity, up 1 per cent from 2024. Looking ahead, the NSE-listed 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 253 MW includes the 63 MW Olkaria I project, the 42.5 MW Seven Forks Solar Project, and the 8.6 MW Gogo Hydropower 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 Njenga.
