KPLC stock was last at KES 22.75 with profit up 2.13 percent

Published on 10/08/2026 at 03:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

KPLC stock's FY2026 profit after tax reached KES 24.99 billion, up 2.13 percent from FY2025. Electricity revenue rose 8.64 percent to KES 238.24 billion, while operating costs climbed 26.71 percent.

KPLC, KE0000000349, Illustration mit AI erstellt.

KPLC stock was last at KES 22.75 on the Nairobi Securities Exchange on October 5, 2026, down 0.44 percent from the previous close of KES 22.85. The latest full-year figures show profit after tax of KES 24.99 billion for fiscal year 2026, up 2.13 percent from KES 24.47 billion in fiscal year 2025, according to Khusoko.

Revenue grows faster than profit

Kenya Power's electricity revenue increased 8.64 percent to KES 238.24 billion in fiscal year 2026, while total electricity sales rose 12 percent to 12,777 GWh from 11,403 GWh. The company also connected 411,710 new customers during the year, according to The Star.

Transmission and distribution efficiency improved to 81.42 percent from 78.79 percent, helping gross profit reach KES 85.59 billion from KES 74.62 billion. Earnings per share rose to KES 12.81 from KES 12.54, while the board recommended a total fiscal year payout of KES 1.50 per share.

Costs remain the key counterweight

The improvement at the gross-profit level did not pass fully through to operations. Operating expenses rose 26.71 percent to KES 53.75 billion, and operating profit fell 2.28 percent to KES 38.57 billion, according to Khusoko.

Lower finance costs provided the offset. Finance costs fell 34.68 percent to KES 3.08 billion as borrowings declined, but the net profit margin narrowed to 10.5 percent from 11.2 percent. The contrast matters for the next reporting cycle because earnings growth depended more on financing savings than on operating profit.

Stock stays below yearly high

At KES 22.75 on October 5, 2026, the stock remained below its 52-week high of KES 25.00 and above its 52-week low of KES 11.20. Market capitalization stood at KES 44.4 billion, with 536,066 shares traded in that session.

The balance sheet offered a stronger counterpoint to the margin pressure. Total borrowings declined to KES 79.8 billion from KES 87.6 billion, while net working capital moved from negative KES 19.2 billion in June 2025 to positive KES 1.90 billion in fiscal year 2026.