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Kenya Power

KPLC · Nairobi Securities Exchange · Incorporated in Kenya · Company statements

On this page
Company details
Legal name
The Kenya Power and Lighting Company PLC
Incorporated in
Kenya
Listing
KPLC on the Nairobi Securities Exchange, active · ISIN KE0000000349 (observed 2026-10-07)
Sector
Electricity distribution (our classification from the stated principal activity)
Activity
Transmission, distribution and retail of electricity in Kenya.
Financial year ends
30 June

Overview

Year ended 30 June 2025 · annual report, signed / final · source

Read with these figures

  • Going-concern warning in the FY to 30 Jun 2024 auditor's report. Material uncertainty related to going concern (Auditor-General of Kenya, p135); shown with the FY to 30 Jun 2024 column.
  • FY to 30 Jun 2025 auditor's opinion. Unmodified opinion, with no 'material uncertainty related to going concern' section (Auditor-General of Kenya, p123).
  • Auditor's emphasis of matter. Year ended 30 June 2025: land without ownership documents; cost of power from independent power producers; variances between electricity receivables and county governments' data (Auditor-General, p123). Year ended 30 June 2024: land without titles (shown with that column).
Full wording and sources

  • Auditor's report, year to 2024-06-30: material uncertainty related to going concern

    Material Uncertainty Relating to Going Concern: I draw attention to Note 2(a) to the financial statements which discloses that the Company recorded a negative working capital of Kshs.27,439,000,000 (2023 - Kshs.51,234,000,000). The Company has remained in a negative working capital position for the eighth consecutive year. Over the years, the Board of Directors and Management indicated that strategic initiatives were being undertaken to improve the financial results of the Company. However, these initiatives were yet to yield the intended results as at 30 June, 2024. This indicates existence of material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern. My Opinion is not modified in respect of this matter.

    Source: Kenya Power Integrated Annual Report & Financial Statements 2023/24, p135 (dated 2024-10-28)

  • Auditor's opinion, year to 2025-06-30

    “In my opinion, the financial statements present fairly, in all material respects, the financial position of The Kenya Power and Lighting Company PLC as at 30 June, 2025”. The report has no 'material uncertainty related to going concern' section.

    Source: Kenya Power Integrated Annual Report and Financial Statements for the year ended 30 June 2025, p123 (dated 2025-10-06)

  • Auditor's emphasis of matter

    Emphasis of matter, year ended 30 June 2025 (Auditor-General, PDF p123, scanned), three matters: (1) land without ownership documents — fifteen parcels valued at Kshs.28,574,258 without title deeds, eighteen parcels charged to a private company between 1970 and 1984, and five substation parcels under lien in favour of a law firm (note 17); (2) cost of power purchased from independent power producers — significantly higher per unit than from KenGen, pending approval of renegotiated power purchase agreements (note 8); (3) variances between electricity receivables and county governments' data — Kshs.2,363,985,447 for ten county governments (note 22(b)). 'My Opinion is not modified in respect of these matters.' These are emphasis-of-matter paragraphs; the FY2025 report has no material-uncertainty section.

    Source: Kenya Power Integrated Annual Report and Financial Statements for the year ended 30 June 2025 (dated 2025-10-06)

  • Auditor's emphasis of matter

    Emphasis of matter, year ended 30 June 2024 (Auditor-General, PDF pp135-136, scanned), one matter: land without titles — sixteen parcels valued at Kshs.29,724,258, within freehold land of Kshs.785,710,000 (note 16), for which the Company had no title deeds; evidence of efforts to conclude land adjudication was not provided. 'My Opinion is not modified in respect of this matter.' This paragraph is separate from the report's material-uncertainty section (PDF p135), which is recorded as that report's warning.

    Source: Kenya Power Integrated Annual Report & Financial Statements 2023/24 (dated 2024-10-28)

  • Revenue

    KES 219 billion

    219,284,568 KES thousands · p131

    Change not shown.

  • Operating profit / (loss)

    KES 39.5 billion

    39,466,085 KES thousands · p131

    Change not shown.

  • Profit / (loss) for the year

    KES 24.5 billion

    24,466,525 KES thousands · p131

    Change not shown.

  • Total assets

    KES 389 billion

    389,039,491 KES thousands · p132

    Change not shown.

  • Total equity

    KES 109 billion

    109,335,566 KES thousands · p132

    Change not shown.

  • Cash from operations

    KES 39.8 billion

    39,767,938 KES thousands · p135

    Change not shown.

Large amounts are rounded for reading (KES million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.

Not shown: the two years come from different filings.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in KES thousands unless the row says otherwise; brackets are negative.

† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table

Column sources

  • FY to 30 Jun 2025 — annual report, signed / final; reported for the year · source
  • FY to 30 Jun 2024 — annual report, signed / final; reported for the year · source
    • Auditor's report, year to 2024-06-30: material uncertainty related to going concern. Material Uncertainty Relating to Going Concern: I draw attention to Note 2(a) to the financial statements which discloses that the Company recorded a negative working capital of Kshs.27,439,000,000 (2023 - Kshs.51,234,000,000). The Company has remained in a negative working capital position for the eighth consecutive year. Over the years, the Board of Directors and Management indicated that strategic initiatives were being undertaken to improve the financial results of the Company. However, these initiatives were yet to yield the intended results as at 30 June, 2024. This indicates existence of material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern. My Opinion is not modified in respect of this matter.
    • Auditor's emphasis of matter. Emphasis of matter, year ended 30 June 2024 (Auditor-General, PDF pp135-136, scanned), one matter: land without titles — sixteen parcels valued at Kshs.29,724,258, within freehold land of Kshs.785,710,000 (note 16), for which the Company had no title deeds; evidence of efforts to conclude land adjudication was not provided. 'My Opinion is not modified in respect of this matter.' This paragraph is separate from the report's material-uncertainty section (PDF p135), which is recorded as that report's warning.
  • FY to 30 Jun 2023 — annual report, signed / final; comparative in the FY to 30 Jun 2024 filing · source
    • Auditor's emphasis of matter. Emphasis of matter, year ended 30 June 2024 (Auditor-General, PDF pp135-136, scanned), one matter: land without titles — sixteen parcels valued at Kshs.29,724,258, within freehold land of Kshs.785,710,000 (note 16), for which the Company had no title deeds; evidence of efforts to conclude land adjudication was not provided. 'My Opinion is not modified in respect of this matter.' This paragraph is separate from the report's material-uncertainty section (PDF p135), which is recorded as that report's warning.

Income statement

Income statement, KES thousands. Columns: FY to 30 Jun 2025 — annual report (signed / final), as reported for the year; FY to 30 Jun 2024 — annual report (signed / final), as reported for the year; FY to 30 Jun 2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY to 30 Jun 2025Annual reportreported for the yearFY to 30 Jun 2024Annual reportreported for the yearsource limitationsFY to 30 Jun 2023Annual reportcomparative in FY to 30 Jun 2024 filingsource limitations
Revenue from contracts with customers 219,284,568 231,123,597 190,974,954
Cost of sales (144,663,605) (150,605,904) (143,575,530)
Gross profit 74,620,963 80,517,693 47,399,424
Network management1 (24,348,121) (22,972,920) (20,664,395)
Commercial services2 (6,118,016) (5,956,215) (2,976,823)
Administration (16,388,444) (16,170,315) (11,269,511)
Expected credit losses on financial assets 4,433,144 (1,178,489) (2,371,088)
Net operating expenses (unlabelled subtotal)3 (42,421,437) (46,277,939) (37,281,817)
Operating income4 32,199,526 34,239,754 10,117,607
Other income 7,266,559 7,249,521 9,095,819
Operating profit 39,466,085 41,489,275 19,213,426
Finance income 625,218 1,493,956 506,640
Finance costs (4,716,619) 682,798 (24,153,922)
Profit before income tax5 35,374,684 43,666,029 (4,433,856)
Income tax expense6 (10,908,159) (13,585,659) 1,240,677
Profit for the year 24,466,525 30,080,370 (3,193,179)
Other comprehensive income, net of taxes (1,104,502) 390,951 402,552
Total comprehensive income for the year 23,362,023 30,471,321 (2,790,627)
Notes and alternative reported figures (6)
  1. “Network management” is an issuer-specific line, not mapped to a shared definition: Note 9(a); part of net operating expenses.
  2. “Commercial services” is an issuer-specific line, not mapped to a shared definition: Note 9(b); part of net operating expenses.
  3. “Net operating expenses (unlabelled subtotal)” is an issuer-specific line, not mapped to a shared definition: Unlabelled subtotal under the heading 'Net operating expenses'.
  4. “Operating income” is an issuer-specific line, not mapped to a shared definition: Gross profit less net operating expenses, before other income.
  5. Printed under different labels across filings: “Profit before income tax”; “Profit/ (Loss) before income tax”.
  6. Printed under different labels across filings: “Income tax (expense)/credit”; “Income tax expense”.

Balance sheet

Balance sheet, KES thousands. Columns: FY to 30 Jun 2025 — annual report (signed / final), as reported for the year; FY to 30 Jun 2024 — annual report (signed / final), as reported for the year; FY to 30 Jun 2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY to 30 Jun 2025Annual reportreported for the yearFY to 30 Jun 2024Annual reportreported for the yearsource limitationsFY to 30 Jun 2023Annual reportcomparative in FY to 30 Jun 2024 filingsource limitations
Property and equipment 287,476,703 275,774,833 267,974,466
Leasehold land1 626,480 654,085 685,694
Intangible assets 2,052,797 2,013,305 1,664,133
Right of use asset 656,211 663,797 862,762
Trade and other receivables2 10,267 190,460 380,102
Non-current assets (unlabelled subtotal) 290,822,458 280,030,687 272,683,715
Inventories 14,608,124 9,248,406 6,072,995
Trade and other receivables 76,021,431 58,532,339 56,737,372
Short-term deposits3 274,935 543,100 501,050
Bank and cash balances 7,312,543 9,731,667 17,730,140
Current assets (unlabelled subtotal) 98,217,033 78,055,512 81,041,557
TOTAL ASSETS 389,039,491 358,086,199 353,725,272
Ordinary share capital 4,878,667 4,878,667 4,878,667
Share premium 22,021,219 22,021,219 22,021,219
Retained earnings 82,435,680 60,414,276 29,942,955
TOTAL EQUITY 109,335,566 87,314,162 56,842,841
Deferred income tax 43,063,649 37,523,737 27,217,478
Deferred income4 19,142,491 15,700,478 12,775,248
Retirement benefit obligation 488,912 Not reported in this filing65 Not reported in this filing6
Trade and other payables7 29,049,961 29,704,178 29,562,693
Lease liabilities 350,832 410,841 551,582
Borrowings 70,138,830 81,895,385 94,456,942
Preference shares8 43,000 43,000 43,000
Non-current liabilities (unlabelled subtotal) 162,277,675 165,277,619 164,606,943
Trade and other payables 89,937,802 80,339,230 105,064,922
Deferred income9 4,402,750 3,840,646 4,227,426
Current income tax 2,933,425 2,861,362 12,136
Provisions 765,061 855,162 958,542
Lease liabilities 259,016 230,644 309,655
Borrowings 17,496,348 16,619,184 20,951,195
Dividends payable 1,631,848 748,190 751,612
Current liabilities (unlabelled subtotal) 117,426,250 105,494,418 132,275,488
TOTAL EQUITY AND LIABILITIES 389,039,491 358,086,199 353,725,272
Retirement benefit asset10 Not reported in this filing11 734,207 1,116,558
Current income tax Not reported in this filing12 –13 –13
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.current_assets.
Notes and alternative reported figures (12)
  1. “Leasehold land” is an issuer-specific line, not mapped to a shared definition: Note 18.
  2. “Trade and other receivables” is an issuer-specific line, not mapped to a shared definition: Note 22(a).
  3. “Short-term deposits” is an issuer-specific line, not mapped to a shared definition: Note 23(a).
  4. “Deferred income” is an issuer-specific line, not mapped to a shared definition: Note 27: capital contributions from customers and grants, recognised over time.
  5. Annual report dated 2025-10-06 presents this line for this year: - (p133). Not shown in this column, which follows one filing's presentation.
  6. Not reported in this filing: Not printed: the statement of financial position of this filing (PDF p152) has no 'Pension obligation' line for this column.
  7. “Trade and other payables” is an issuer-specific line, not mapped to a shared definition: Note 29(a).
  8. “Preference shares” is an issuer-specific line, not mapped to a shared definition: Note 32: cumulative preference shares classified as liabilities.
  9. “Deferred income” is an issuer-specific line, not mapped to a shared definition: Note 27.
  10. “Retirement benefit asset” is an issuer-specific line, not mapped to a shared definition: Note 33.
  11. Not reported in this filing: Printed '--' for 2025 (p132); a retirement benefit obligation is shown instead.
  12. Not reported in this filing: Not printed: the statement of financial position of this filing (PDF pp132-133) has no 'Current tax receivable' line for this column.

Cash flow

Cash flow, KES thousands. Columns: FY to 30 Jun 2025 — annual report (signed / final), as reported for the year; FY to 30 Jun 2024 — annual report (signed / final), as reported for the year; FY to 30 Jun 2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY to 30 Jun 2025Annual reportreported for the yearFY to 30 Jun 2024Annual reportreported for the yearsource limitationsFY to 30 Jun 2023Annual reportcomparative in FY to 30 Jun 2024 filingsource limitations
Cash generated from operations 48,233,138 32,581,946 37,544,511
Income tax paid (4,822,826) (597,725) (137,470)
Interest received 590,608 1,525,722 469,238
Gratuity paid1 (176,001) (457,208) (248,043)
Repayment of interest portion of lease liabilities (67,864) (76,813) (102,983)
Interest paid2 (3,989,117) (4,601,706) (4,873,487)
Net cash flows generated from operating activities 39,767,938 28,374,216 32,651,766
Purchase of property and equipment (29,512,680) (24,382,155) (12,300,538)
Purchase of intangible assets (177,242) (557,378) (1,616,868)
Proceeds from disposal of property and equipment 92,865 102,123 233,130
Net cash flows used in investing activities (29,597,057) (24,837,410) (13,759,946)
Repayment of borrowings (18,921,858) (10,982,041) (10,620,802)
Proceeds from borrowings 7,364,956 81,452 2,354,989
Repayment of principal portion of lease liabilities (437,668) (302,394) (318,748)
Dividends paid to owners of the Company (874,592) (5,352) (8,488)
Net cash flows used in financing activities (12,869,162) (11,208,335) (8,593,049)
Net increase in cash and cash equivalents (2,698,281) (7,671,529) 10,298,771
Cash and cash equivalents at the beginning of year 10,353,440 18,430,616 8,081,268
Effect of foreign exchange rate changes on cash and cash equivalents 30,280 (405,647) 50,577
Cash and cash equivalents at end of year 7,685,439 10,353,440 18,430,616
Prepayment of lease relating to leasehold land3 Not reported in this filing4 –5 (75,670)
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
Notes and alternative reported figures (4)
  1. “Gratuity paid” is an issuer-specific line, not mapped to a shared definition: Note 34(c); operating activities.
  2. “Interest paid” is an issuer-specific line, not mapped to a shared definition: Note 37(e); operating activities.
  3. “Prepayment of lease relating to leasehold land” is an issuer-specific line, not mapped to a shared definition: Note 17; investing activities.
  4. Not reported in this filing: Not printed: the statement of cash flows of this filing (PDF p135) has no 'Prepayment of lease relating to leasehold land' line for this column.

Per share and shares

Per share and shares. Columns: FY to 30 Jun 2025 — annual report (signed / final), as reported for the year; FY to 30 Jun 2024 — annual report (signed / final), as reported for the year; FY to 30 Jun 2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY to 30 Jun 2025Annual reportreported for the yearFY to 30 Jun 2024Annual reportreported for the yearsource limitationsFY to 30 Jun 2023Annual reportcomparative in FY to 30 Jun 2024 filingsource limitations
Earnings / (loss) per share (per share)1 12.54 15.41 (1.64)
Weighted average shares (shares)2 1,951,467,045 1,951,467,045 1,951,467,045
Notes and alternative reported figures (2)
  1. Earnings / (loss) per share: printed as “Basic and diluted earnings per share (Shs)”.
  2. Weighted average shares: printed as “Weighted average number of ordinary shares for the purpose of basic and diluted earnings per share”.

Segments

Segment data not yet collected for this company in the pilot.

Dividends

Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.

Dividend events, the issuer's wording, and amounts as printed
Year endedEventWording as printedAmountUnitSource
30 Jun 2025 Dividend recommended, subject to shareholder approval the Directors will recommend a final dividend payment of Kshs 0.80 per ordinary share in respect of the year ended 30 June 2025 (2024: Kshs 0.70) no amount Annual report, p187
30 Jun 2025 Dividend proposed per share, as printed in a statement Final dividend proposed for the year, per share 0.80 KES per share Annual report, p187
30 Jun 2025 Dividends paid (cash flow statement) Dividends paid to owners of the Company (874,592) KES thousands Annual report, p135
30 Jun 2024 Dividend recommended, subject to shareholder approval the Directors recommend payment of a final dividend of Kshs 0.70 per ordinary shares for the year ended 30 June 2024 ( 2023: Nil) no amount Annual report, p128
30 Jun 2024 Dividend proposed per share, as printed in a statement Final dividend proposed for the year, per share 0.70 KES per share Annual report, p187
30 Jun 2024 Dividend proposed per share, as printed in a statement Final dividend recommended for the year, per share 0.70 KES per share Annual report, p128
30 Jun 2024 Dividends paid (cash flow statement) Dividends paid to owners of the Company (5,352) KES thousands Annual report, p154
30 Jun 2023 No dividend recommended the Directors recommend payment of a final dividend of Kshs 0.70 per ordinary shares for the year ended 30 June 2024 ( 2023: Nil) no amount Annual report, p128
30 Jun 2023 Dividends paid (cash flow statement) Dividends paid to owners of the Company (8,488) KES thousands Annual report, p154

Sources

Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.

  • Kenya Power Integrated Annual Report and Financial Statements for the year ended 30 June 2025

    Year ended 30 June 2025 · Annual report · signed / final

    Audit: Auditor-General of Kenya (Office of the Auditor-General), unmodified opinion · signed

    Auditor's sign-off: FCPA Nancy Gathungu, CBS, Auditor-General

    Final status: Report of the Auditor-General signed by FCPA Nancy Gathungu, CBS, and dated 06 October, 2025 (PDF p129, scanned, page image); statements approved by the board on 6th October, 2025 and signed by the board chairman, the audit committee chairman and the managing director (PDF p133, page image).

    Document date
    6 Oct 2025
    Auditor's report
    6 Oct 2025
    Board approval
    6 Oct 2025
    Retrieved by us
    7 Oct 2026 (not a publication date)
    Used for
    statement columns FY to 30 Jun 2025
    Basis
    company statements · KES thousands (printed “Shs'000”)
    • Reports on lawfulness and effectiveness in the use of public resources and on internal controls, risk management and governance (PDF pp125-128, scanned): conclusions 'except for' the matters described, including long-outstanding receivables from government and other entities. These do not modify the opinion on the financial statements.
    • Note 37 prints the 30 June 2024 cash composition twice with different amounts: 37(b)(ii) cash and bank balances 8,997,581 and short-term deposits 576,368 (total 9,573,949); 37(c) 9,802,980 and 550,460 (total 10,353,440, the statement of cash flows' figure). The statement of financial position shows 9,731,667 and 543,100.
    • Finance costs for 2024 are printed 682,798 without brackets (a net credit); 'Net increase in cash and cash equivalents' is printed for decreases in both years. The 2025 retirement benefit asset cell prints '--'.
    • Interim dividend Kshs 0.20 per share paid (2023/2024: nil); final dividend Kshs 0.80 to be recommended (2024: 0.70) (note 16).
    Technical details
    File
    284 pages, with a text layer
    SHA-256
    9a9dd2c21d2767d90b949f855fcc288d7cb701f540fff9ab65ba45a7772035bd
    Entity as printed
    The Kenya Power and Lighting Company PLC
    Issuer copy
    retrieved 2026-10-07T19:36:20Z · curl

  • Kenya Power Integrated Annual Report & Financial Statements 2023/24

    Year ended 30 June 2024 · Annual report · signed / final

    Audit: Auditor-General of Kenya (Office of the Auditor-General), unmodified opinion · signed · includes a material-uncertainty paragraph

    Auditor's sign-off: FCPA Nancy Gathungu, CBS, Auditor-General

    Final status: Report of the Auditor-General signed by FCPA Nancy Gathungu, CBS, and dated 28 October, 2024 (PDF p148, scanned, page image); statements approved by the board on 28th October, 2024 and signed by the board chairman, the audit committee chairman and the managing director (PDF p152, page image).

    Document date
    28 Oct 2024
    Auditor's report
    28 Oct 2024
    Board approval
    28 Oct 2024
    Retrieved by us
    7 Oct 2026 (not a publication date)
    Used for
    statement columns FY to 30 Jun 2024, FY to 30 Jun 2023
    Basis
    company statements · KES thousands (printed “Shs'000”)
    • Going-concern warning, year ended 30 June 2024: the Auditor-General's report (PDF p135, scanned) includes a section 'Material Uncertainty Relating to Going Concern' (negative working capital Kshs.27,439,000,000; 2023: Kshs.51,234,000,000; the eighth consecutive year); 'My Opinion is not modified in respect of this matter.' It applies to the FY2024 report. The FY2025 auditor's report (PDF p123) gives an unmodified opinion and has no such section.
    • Finance costs for 2024 are printed 682,798 without brackets (a net credit); 'Net increase in cash and cash equivalents' is printed for the 2024 decrease. FY2023 (year to June 2023) shows a loss for the year (3,193,179) and basic EPS (1.64).
    • Final dividend Kshs 0.70 per share recommended for 2023/24 (2023: nil) (report of the directors, p128).
    Technical details
    File
    280 pages, with a text layer
    SHA-256
    a25199c9885b8934efc0e61b4cbf8890df4c5fe12dc20b428d33241e6afff4b2
    Entity as printed
    The Kenya Power and Lighting Company PLC
    Issuer copy
    retrieved 2026-10-07T19:36:24Z · curl

Data notes

No figure-level notes beyond those in the tables.

Review status: every figure has been checked against its cited source page in an AI-assisted source verification (7 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

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Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.

Kenya country page · Company methodology and coverage