Kenya Power’s net profit for the year ended June 2025 fell by Sh5.6 billion to Sh24.5 billion, down from Sh30.1 billion a year earlier, hit by lower electricity revenue and foreign exchange effects.

Electricity sales revenue dropped by Sh11.84 billion to Sh219.29 billion, which the company attributed to reduced forex recoveries and the application of a lower base tariff under the tariff reduction path.

“This decline was mainly due to reduced foreign exchange recoveries following the sustained stability of the Kenya shilling and the application of a lower base tariff aligned to the approved tariff reduction path,” the utility said in a statement.

Finance costs also rose sharply to Sh4.72 billion from Sh683 million the previous year, reversing exchange gains of Sh7.89 billion recorded earlier into an exchange loss of Sh794 million.

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Despite the profit drop, the Board of Directors has recommended a final dividend of Sh0.80 per ordinary share for the year ended June 30, 2025.