Kenya Pipeline Company Plc has reported a 13% rise in full-year profit after tax to KSh 11.6 billion, from KSh 10.2 billion a year earlier, in results announced on 14 October 2026.

Revenue for the year to June 2026 grew 9% to KSh 39.5 billion, supported by 7% growth in local and transit volumes.

Acting Managing Director Pius Mwendwa credited improved operational efficiency, product availability and stronger cash generation from the core business. He described trading conditions as difficult, citing volatile global petroleum prices and supply disruptions linked to the Middle East crisis.

Cash generated from operating activities rose 34% to KSh 17.4 billion, while cash and cash equivalents climbed 84.4% to KSh 20.5 billion by the end of the period.

The results followed the government’s completion of its divestiture from the company in April, when it sold a 65% stake through an initial public offering intended to raise KSh 107 billion. KPC is listed on the Nairobi Securities Exchange.

Total assets increased 6% to KSh 149 billion after the IPO and shareholders’ equity grew 11% to KSh 119 billion. Borrowings dropped 83% to KSh 442.86 million on a reduced debt holding.

The board approved a first and final dividend of KSh 0.32 per share, totalling KSh 5.9 billion.

Chairperson Faith Bett-Boinett said the company is directing resources beyond pipeline operations. She listed storage, re-export, liquefied petroleum gas, liquefied natural gas, biofuels, power generation and support for third-party petroleum market trading as target areas.

KPC runs pipelines covering 1,342 kilometres, with storage, pumping and loading facilities for petroleum products.

Its plans include extending the existing pipeline from Eldoret to Kampala and on to Kigali, and developing an integrated petroleum trading hub at the Kenya Petroleum Refineries Ltd facilities in Kipevu, Mombasa.

The company did not disclose timelines for the pipeline extension or the trading hub.