Business
Kenya Pipeline posts higher profit
The company handled approximately 10.6billion litres of petroleum products during the year. Its pipeline network spans 1,342 kilometres, while active storage capacity stands at approximately 1.14 billion litres.
Pius Mwendwa, Acting Chief Executive Officer and Managing Director, PLC remarks.
By: Simon Okitela, Journalist @New Vision
Kenya Pipeline Company PLC (KPC) reported a 13% increase in profit after tax to KSh11.6b for the 2025/26 financial year, up from KShs 10.24 billion in the previous financial year.
The recently listed Company (Uganda holds a 21.22% equity stake) in its first full-year results since its privatisation earlier this year, posted strong revenue growth, with Group revenue rising 9% to KShs 43 billion from KShs 39.5 billion in the previous financial year, supported by 7% growth in local and transit volumes.
Total assets increased 5.9% to KSh149.3b, according to a financial presentation delivered at the Nairobi Securities Exchange on Wednesday, October 14.
The briefing was one of KPC’s early major investor engagements since its listing on the NSE in March 2026. Acting Chief Executive Officer and Managing Director Pius Mwendwa said the company was pursuing regional commercial opportunities alongside its established petroleum transportation and storage operations.
Transport revenue rose 8% to KSh41.82b from KSh38.59b in the previous financial year. Total revenue reached KSh42.98b, compared with KSh39.50b a year earlier, reflecting the importance of KPC’s core infrastructure business to its financial performance.
The briefing was one of KPC’s early major investor engagements since its listing on the NSE in March 2026. Acting Chief Executive Officer and Managing Director Pius Mwendwa said the company was pursuing regional commercial opportunities alongside its established petroleum transportation and storage operations.
Transport revenue rose 8% to KSh41.82b from KSh38.59b in the previous financial year. Total revenue reached KSh42.98b, compared with KSh39.50b a year earlier, reflecting the importance of KPC’s core infrastructure business to its financial performance.
The company handled approximately 10.6billion litres of petroleum products during the year. Its pipeline network spans 1,342 kilometres, while active storage capacity stands at approximately 1.14 billion litres.
These assets support the movement and storage of petroleum products for the Kenyan market and neighbouring countries.
KPC reported that direct expenses increased 8% to KSh9.1b, with higher electricity and maintenance costs associated with throughput and infrastructure upkeep contributing to the increase.
Operating costs rose 4% to KSh8.8b. Despite these pressures, EBITDA grew faster than revenue, indicating that the company generated stronger operating earnings during the year.
These assets support the movement and storage of petroleum products for the Kenyan market and neighbouring countries.
KPC reported that direct expenses increased 8% to KSh9.1b, with higher electricity and maintenance costs associated with throughput and infrastructure upkeep contributing to the increase.
Operating costs rose 4% to KSh8.8b. Despite these pressures, EBITDA grew faster than revenue, indicating that the company generated stronger operating earnings during the year.