By Eddah Waithaka
The Kenya Electricity Generating Company PLC (KenGen) surged to a Ksh.10.48 billion profit after tax for the year ended June 30, 2025, marking a powerful 54% leap and underscoring its critical role in driving the nation’s economy with clean energy.
The NSE-listed firm powered its impressive growth by boosting operational efficiency, optimizing costs, and increasing output from its diversified energy mix.
This strong performance propelled profit before tax up 42% to Ksh.15.47 billion.“This year’s results demonstrate the strength of our strategy and our people’s commitme nt to sustainable energy,” said KenGen’s Managing Director and CEO, Eng. Peter Njenga.
“We are building on this momentum to power Kenya’s future with clean, reliable, and affordable electricity.”
The company spotlighted a massive 235% explosion in revenue from non-traditional sources, signaling the successful expansion of its diversification and consultancy arms.
This growth includes lucrative geothermal work the company completed in Eswatini. Overall revenue held stable at Ksh.56.10 billion.
Aggressive efficiency initiatives slashed operating expenses by 11% to Ksh.35.14 billion. The company also reversed its foreign exchange fortunes, recording a net gain of Ksh.1.45 billion compared to last year’s loss, a turn reflecting the Kenya Shilling’s stabilization.
Meanwhile, continued debt repayment cut finance costs by 20%.KenGen strengthened its balance sheet, growing total assets to Ksh.505.6 billion and boosting shareholder equity to Ksh.284.5 billion.
The firm finished the year with a robust Ksh.30.1 billion in cash and equivalents.Operationally, KenGen met Kenya’s soaring energy demand, which hit a record national peak of 2,392MW in August 2025.
The company’s 1,786 MW installed capacity of geothermal, hydro, wind, and thermal assets generated 8,482GWh of electricity.Looking forward, KenGen is charging ahead with its G2G 2034 Strategy, accelerating renewable development.
Its current pipeline includes 253MW of new projects, such as the 63MW Olkaria geothermal plant and the 42.5MW Seven Forks Solar Project.
The company is also expanding its regional footprint, preparing for a major geothermal drilling project in Ngozi, Tanzania.
“Our leadership in renewables and commitment to innovation will continue to shape a greener, more sustainable future for Kenya and the region,” Eng. Njenga said.
