KenGen stock reports a 16.67 percent dividend cut
Published on 09/25/2026 at 10:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
KenGen stock stood at KES 10.75 on the Nairobi Securities Exchange at the September 22, 2026, close, down 0.46 percent from the previous session. The power producer proposed a KES 0.75 dividend for fiscal year 2026, a 16.67 percent reduction from KES 0.90, according to The Standard on September 7, 2026.
Revenue grows while profit slips
For the year ended June 2026, revenue increased 6.4 percent to KES 59.7 billion from KES 56.1 billion. Profit after tax moved in the opposite direction, falling 1.2 percent to KES 10.35 billion from KES 10.48 billion, the same report said.
The comparison points to a narrower earnings conversion despite higher sales. Finance income declined from KES 4.1 billion to KES 2.9 billion, while finance costs fell 12.1 percent to KES 2.0 billion, according to Energy News Network in its September 23, 2026, report.
Power output remains the growth anchor
KenGen supplied 8,975 GWh to Kenya's national grid during fiscal year 2026 and accounted for 57.2 percent of total electricity supplied. More than 90 percent of its dispatches came from renewable sources, giving the revenue increase a direct operating link.
National peak demand reached 2,549 MW on July 15, 2026, while KenGen's installed generation base stood at 1,786 MW. Borrowings fell by KES 12.2 billion to KES 97.1 billion, showing that capital spending and debt reduction competed with shareholder distribution.
KenGen stock stays below yearly high
KenGen stock closed at KES 10.75 on the Nairobi Securities Exchange on September 22, 2026. Its 52-week range was KES 7.92 to KES 13.10, placing the close KES 2.35 below the yearly high and KES 2.83 above the yearly low.
KenGen stock facts
- Company: Kenya Electricity Generating Company PLC
- Ticker: KEGN
- Trading venue: Nairobi Securities Exchange
- Closing price (September 22, 2026): KES 10.75
- Market capitalization: KES 71.22 billion (as of September 22, 2026)
- 52-week range: KES 7.92-13.10 (as of September 22, 2026)
- Sector / Industry: Energy and Petroleum
