KenGen’s Half Year Profits Skyrocket by 79%

6 February 2025

KenGen just pulled off an earnings surprise that would make even the most seasoned investors do a double take. The power giant saw its after-tax profit soar by a jaw-dropping 79% to KSh 5.3 billion in the six months leading up to December 2024. That’s a major leap from the KSh 2.95 billion it raked in during the same period in 2023. But here’s where it gets interesting—despite the profit party, revenue actually dipped 3.6% to KSh 27.5 billion.