KenGen net profit jumps 54pc to Sh10.5bn on lower costs
NAIROBI, Kenya, Oct 30 - Kenya Electricity Generating Company (KenGen) has posted a 54 percent rise in net profit to Sh10.48 billion for the financial Kenya breaking news | Kenya news today |..
✨ Key Highlights
Kenya Electricity Generating Company (KenGen) announced a significant increase in its net profit, jumping 54 percent to Sh10.48 billion for the financial year ending June 30, 2025. This substantial growth is primarily due to lower operating costs and a diversification of revenue streams.
- Net profit surged to Sh10.48 billion, up from Sh6.8 billion the previous year.
- Revenue from non-traditional ventures soared by 235 percent, including geothermal drilling work in Eswatini and upcoming projects in Tanzania.
- Operating expenses decreased by 11 percent to Sh35.14 billion, while finance costs fell by 20 percent to Sh2.25 billion.
- KenGen's Managing Director and CEO, Eng. Peter Njenga, highlighted the company's commitment to clean, reliable, and affordable electricity through its G2G 2034 Strategy.
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Kenya Plans Airport Expansion as Inflation Holds at 4.6% and KenGen Profit Jumps 54% - October 2025
The Kenyan government plans to expand Malindi International Airport (MIA) to boost tourism and improve air connectivity in the coast region, an announcement made by Tourism and Wildlife Cabinet Secretary Rebecca Miano. Separately, the government issued a stern warning against politicians and contractors interfering with public projects, threatening blacklisting and prosecution for irregularities like improper procurement. On the economic front, Kenya's inflation rate remained stable at 4.6 percent in October, driven by declining prices of essential household goods like maize flour, sugar, and cooking gas. In corporate financial news, KenGen reported its net profit jumped 54 percent to Sh10.5 billion due to lower costs.
