Kenya Pipeline Company Plc (KPC) has reported an 8% increase in profit before tax to KSh17.54 billion for the 2026 financial year, as group revenue grew by 9% to KSh43 billion.
The results, announced on Wednesday, October 14, show an increase in revenue from KSh39.5 billion recorded in the previous financial year, supported by a 7% growth in local and transit petroleum product volumes.
The company’s profit after tax rose by 13% to KSh11.58 billion, up from KSh10.24 billion in the previous financial year, according to Acting Managing Director Pius Mwendwa.
Mwendwa attributed the performance to sustained revenue growth, improved operational efficiency, product availability and stronger cash generation from the company’s core business.
Cash generated from operating activities increased by 34% to KSh17.39 billion, while cash and cash equivalents rose by 84.4% to KSh20.54 billion at the end of the financial year.
“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.
The company also reported a stronger balance sheet, with total assets increasing by 6% to KSh149 billion and shareholders’ equity rising by 11% to KSh119 billion.
Borrowings declined by 83% to KSh442.86 million, largely due to debt reduction during the financial year.
The results mark KPC’s first full-year financial performance since its privatisation earlier in 2026 and subsequent listing on the Nairobi Securities Exchange.
The company’s board has recommended a first and final dividend of KSh5.9 billion, equivalent to KSh0.32 per ordinary share, for the 2026 financial year. The share register is scheduled to close on November 30.
Beyond its core pipeline transportation and storage operations, KPC is pursuing plans to diversify its revenue streams through the development of an integrated petroleum trading hub at the Kenya Petroleum Refineries Limited facilities in Kipevu, Mombasa.
KPC Chairperson Faith Bett-Boinett said the proposed hub would support the company’s long-term growth and strengthen its position in the regional energy and logistics market.
The planned facility is expected to provide transshipment, bulk-breaking, bunkering and re-export services, while creating opportunities in areas including liquefied petroleum gas, liquefied natural gas, biofuels, power generation and third-party petroleum trading.
Bett-Boinett said the company was also pursuing regional expansion, including plans to extend its pipeline from Eldoret to Kampala and onward to Kigali.
The launch of a 320-million-litre Kampala Storage Terminal by the Ugandan government is also expected to support KPC’s regional growth ambitions.
The company projects that its revenue will rise from the current KSh43 billion to KSh68 billion by the 2030 financial year as it expands its operations and develops additional income streams.
However, Mwendwa acknowledged that petroleum transportation and storage would remain central to the company’s business even as it pursues diversification.
