Kenya Pipeline Company Plc reported profit before tax of KSh17.54 billion for the 2026 financial year, an increase of about eight per cent, and group revenue of KSh43 billion, up nine per cent from the previous year.
Acting Managing Director Pius Mwendwa said profit after tax grew 13 per cent to KSh11.58 billion from KSh10.24 billion, crediting higher revenue, improved operational efficiency, product availability and stronger cash generation.
The revenue rise was supported by a 7 per cent increase in local and transit petroleum volumes.
Cash generated from operating activities rose 34 per cent to KSh17.39 billion, while cash and cash equivalents at year-end increased 84.4 per cent to KSh20.54 billion.
“Despite a difficult operating environment characterised by global petroleum prices and supply volatility due to the Middle East crisis, KPC Plc has managed to grow its top line and bottom line while improving operating cost efficiencies,” Mwendwa said.
Chairperson Faith Bett-Boinett affirmed the board’s support for continued growth and diversification, including an integrated petroleum trading hub at Kenya Petroleum Refineries Ltd facilities in Kipevu, Mombasa.
The proposed hub is intended to provide transhipment, bulk breaking, bunkering and re-export services and to enable diversification into storage, LPG, LNG, biofuels, power generation and third-party market trading.
She added that the hub aligns with regional developments such as the new Dangote East Africa Petroleum Refinery and Petrochemicals Special Economic Zone and the Gulf Energy South Lokichar projects.
The board also backs expansion of the pipeline from Eldoret to Kampala and Kigali, noting the recent launch of a 320-million-litre Kampala storage terminal by the Ugandan government.
Total assets grew six per cent to KSh149 billion, shareholders’ equity rose 11 per cent to KSh119 billion, and borrowings fell 83 per cent to KSh442.86 million.
KPC expects revenue to increase to KSh68 billion by the 2030 financial year, while confirming that petroleum storage and transportation will remain its core business.
The board recommended a first and final dividend of KSh5.9 billion, equivalent to KSh0.32 per ordinary share, with the share register closing on November 30.
