Kenya Pipeline Company PLC reported a 13 per cent increase in profit after tax to KSh11.6 billion for the 2025/26 financial year, while another source gave the figure as KSh11.58 billion.
Group revenue rose 9 per cent to about KSh43 billion, with one report stating KSh42.98 billion and another KSh43 billion.
Earnings before interest, tax, depreciation and amortisation grew 11 per cent to KSh25 billion and profit before tax increased 8 per cent to KSh17.5 billion, with a second figure of KSh17.54 billion.
Total assets rose 5.9 per cent to KSh149.3 billion, while another source listed KSh149 billion, and borrowings fell sharply, reported as KSh400 million and KSh442.86 million respectively.
Operating cash flow jumped 34.3 per cent to KSh17.39 billion and cash and cash equivalents at year-end rose 84.4 per cent to KSh20.54 billion.
Transport revenue grew 8 per cent to KSh41.82 billion, contributing to the total revenue figure, and the company handled roughly 10.6 billion litres of petroleum products through a 1,342-kilometre pipeline network and about 1.14 billion litres of storage capacity.
The throughput includes volumes destined for Uganda, the Democratic Republic of the Congo and South Sudan, underscoring the firm’s regional logistics role.
Acting Chief Executive Officer and Managing Director Pius Mwendwa said the firm is evaluating a petroleum trading hub that could add bunkering, transshipment and storage-for-hire services, and is also looking at opportunities linked to the Dangote refinery and a fibre-optic cable business using its pipeline right-of-way.
Chairperson Faith Bett-Boinett affirmed board support for diversification, highlighting an integrated trading hub at Kenya Petroleum Refineries Ltd facilities in Kipevu, Mombasa, which would provide transhipment, bulk breaking, bunkering and re-export services, and noted plans to extend the pipeline from Eldoret to Kampala and Kigali.
The company proposed a dividend of KSh5.9 billion, equivalent to KSh0.32 per ordinary share, subject to shareholder approval, and Mwendwa explained the payout reflects the policy of distributing 50 per cent of earnings and referenced KSh24 billion paid to the government over the past five years.
KPC outlined a capital structure to 2030 that will be presented to shareholders at the annual general meeting, with potential funding from debt and project finance to support the trading hub, pipeline capacity upgrades and other regional infrastructure projects.
Management projects revenue to rise to KSh68 billion by the 2030 financial year, while confirming that petroleum storage and transportation will remain the core business.
The results briefing was delivered at the Nairobi Securities Exchange on Wednesday, October 14, marking one of the company’s first major investor engagements since its listing on the NSE in March 2026.
