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KenGen building in Parklands, Nairobi [File-Standard]
Power producer Kenya Electricity Generating Company PLC (KenGen) has reduced dividends to shareholders by 16.67 per cent to 75 cents per share over the financial year to June 2026, from 90 cents the previous year, after reporting a marginal drop in earnings.
The company reported a 1.2 per cent drop in profit after tax to Sh10.35 billion during the year from Sh10.48 billion. The firm, however, said its revenues had increased following increased demand for electricity. KenGen’s revenues increased 6.4 per cent to Sh59.7 billion over the period to June 2026 from Sh56.1 billion the previous year.
It attributed the higher sales to increased electricity demand, which saw peak demand hit an all-time high of 2,549MW and, in turn, saw the company increase dispatch to the national electricity grid.
