Nairobi — Kenya Power and Lighting Company Plc posted a 4.3 percent rise in net profit to Sh10.4 billion for the half-year ended December 31, 2025, buoyed by higher electricity sales and lower finance costs.

Revenue from electricity sales climbed 6.9 percent to Sh114.9 billion, supported by stronger demand and improved distribution efficiency, while finance costs fell by Sh492 million following scheduled loan repayments and reduced debt levels.

Profit before tax increased 5.5 percent to Sh14.83 billion.

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Electricity unit sales grew 10.5 percent to 6,086 GWh, as distribution efficiency improved to 77.97 percent from 76.35 percent, reflecting network upgrades and loss-reduction initiatives.

However, power purchase costs rose by Sh5.33 billion in line with higher demand, with total energy purchases increasing 8.3 percent to 7,807 GWh.

Operating expenses increased to Sh25.16 billion from Sh23.74 billion, driven by higher provisions for expected credit losses, increased depreciation from capitalised network projects, and staff-related costs.

The company's balance sheet continued to strengthen, with total borrowings declining 6 percent to Sh84.23 billion by December, while negative working capital narrowed to Sh12.54 billion from Sh19.21 billion in June 2025. Cash generated from operations rose to Sh14.09 billion.

In line with improved performance, the board declared an interim dividend of Sh0.30 per share, payable on or about March 27, 2026, to shareholders on the register as at February 23, 2026.

"Our half year results reflect continued momentum in strengthening performance and building resilience through a stronger balance sheet," the company said.

"The continued growth in electricity sales, supported by rising demand, improving distribution efficiency, combined with lower finance costs, lay out a solid foundation for improved profitability, enhanced service delivery, and financial sustainability into the