Kenya Pipeline Company (KPC) has proposed a first and final dividend of Sh5.9 billion, equivalent to Sh0.32 per share, for the financial year ended 30 June 2026. This comes after the company reported a 13.1% rise in profit after tax to Sh11.58 billion.
The results, released on 14 October 2026, mark KPC’s first full financial year since its partial privatisation and listing on the Nairobi Securities Exchange in March 2026. The board’s dividend recommendation is subject to shareholder approval, with the share register set to close on 30 November 2026.
KPC FY 2026 Financial Summary
| Metric | FY 2026 | Change |
|---|---|---|
| Profit after tax | Sh11.58 billion | +13.1% |
| Total revenue | Sh42.98 billion | +9.0% |
| Transport revenue | Sh41.82 billion | +8.4% |
| Dividend proposed | Sh5.9 billion (Sh0.32/share) | — |
| Cash and cash equivalents | Sh20.54 billion | +84.4% |
| Operating cash flow | Sh17.39 billion | +34% |
Swipe left or right on mobile to view the full table. Figures based on the company’s audited results for the year ended 30 June 2026.
Profit before tax rose to Sh17.54 billion. Total assets increased to about Sh149.3 billion, while shareholders’ equity climbed to roughly Sh119.3 billion. Borrowings fell sharply to Sh442.86 million after accelerated debt repayments.
What Drove the Performance
The company attributed the growth mainly to higher petroleum throughput and improved cash collections. Total domestic and export volumes rose 7% during the year. KPC transported 10.61 million cubic metres of product, with Uganda accounting for 27% of total throughput and Kenya for 49%.
Transport revenue, which remains the core of the business, reached Sh41.82 billion. Acting Managing Director Pius Mwendwa said the results reflected better operational efficiency, product availability, and stronger cash generation from the pipeline network despite volatile global petroleum prices.
Cash generated from operations rose 34% to Sh17.39 billion. Year-end cash and cash equivalents jumped 84.4% to Sh20.54 billion, giving the company more flexibility for capital projects.
Dividend and Capital Allocation
The proposed Sh5.9 billion dividend represents roughly half of after-tax earnings. Management has indicated that retained cash will support expansion plans aimed at protecting regional market share, including development of a commercial oil hub at the former Kenya Petroleum Refineries Limited (KPRL) facilities in Mombasa.
Read also:Treasury Seeks Funds to Lower Kenya Fuel Prices
The company is also looking at longer-term pipeline extensions toward Kampala and Kigali, and diversification into areas such as LPG, LNG, biofuels and trading. It has set a target of lifting annual revenue toward Sh68 billion by 2030.
First Full Year as a Listed Company
KPC listed on the NSE in March 2026 after the government sold a 65% stake through an oversubscribed initial public offering. The listing was the first major privatisation on the exchange in nearly two decades and placed the company among the larger firms by market capitalisation.
These results therefore give public shareholders their first clear view of full-year performance under the new ownership structure. The proposed dividend offers an immediate cash return while the company continues to invest in infrastructure and regional capacity.
Whether the dividend is ultimately approved at the stated level will depend on shareholder approval and the company’s final assessment of funding needs for the expansion projects already under consideration. For now, the numbers show a business that generated higher profit, substantially stronger cash, and reduced debt in its first complete year on the exchange.
Sources:
Pulse Kenya – Kenya Pipeline posts Sh11.6B net profit (14 October 2026)
The Star – KPC earnings rise 13% as firm eyes Sh68bn revenue by 2030
Business Now – KPC declares 32 cents per share dividend
Company results as reported across multiple outlets on 14 October 2026.
Dividend is subject to shareholder approval. Figures are based on the company’s reported results for the year ended 30 June 2026.