Kenya Pipeline Company Plc announced an 8 per cent rise in profit before tax to Sh17.54 billion for the 2026 financial year, reflecting higher petroleum transportation volumes and improved operational efficiency.

Group revenue grew by 9 per cent to Sh43 billion, up from Sh39.5 billion the previous year, supported by a 7 per cent increase in both local and transit volumes.

Profit after tax rose 13 per cent to Sh11.58 billion, indicating stronger bottom‑line performance alongside the revenue gains.

Operating cash flow surged 34 per cent to Sh17.39 billion, while cash and cash equivalents at year‑end increased 84.4 per cent to Sh20.54 billion.

Total assets rose 6 per cent to Sh149 billion and shareholders’ equity grew 11 per cent to Sh119 billion, reflecting a stronger balance sheet.

Borrowings fell dramatically, declining 83 per cent to Sh442.86 million as the company reduced debt during the year.

Acting Managing Director Pius Mwendwa credited the results to sustained revenue performance, operational efficiency, product availability and stronger cash generation from core activities.

The board approved a first and final dividend of Sh5.9 billion, equivalent to Sh0.32 per ordinary share, with the share register set to close on 30 November.

Strategic expansion and diversification plans

Chairperson Faith Bett‑Boinett said the board backs a growth strategy that includes establishing an integrated petroleum trading hub at the Kenya Petroleum Refineries Ltd (KPRL) facilities in Kipevu, Mombasa.

The company is exploring diversification beyond pipeline transport into storage, re‑export, LPG, LNG, biofuels, power generation and third‑party trading support services.

KPC aims to increase its revenue base to Sh68 billion by the 2030 financial year, while continuing to rely on petroleum storage and transportation as core operations.

Regional expansion plans include extending the pipeline from Eldoret to Kampala and eventually to Kigali, and leveraging Uganda’s new 320‑million‑litre Kampala storage terminal.