14/10/2026
🛢️ KENYA PIPELINE COMPANY PLC (KPC) FY 2026 RESULTS 📊📈
📈 Highlights
* Revenue: KSh 42.98Bn 📈 (+8.80%)
* EBITDA: KSh 24.95Bn 📈 (+10.66%)
* Profit After Tax: KSh 11.58Bn 📈 (+13.09%)
* Earnings Per Share (EPS): KSh 0.64 📈 (+56.10%)
* Final Dividend: KSh 0.32 per share 📉 (-8.57%)
📝 Commentary
Kenya Pipeline Company PLC delivered strong full-year financial results for the period ended 30 June 2026, posting a 13.09% increase in profit after tax to KSh 11.58 billion. Top-line revenue expanded by 8.80% to KSh 42.98 billion, propelled by a 7% growth in local and transit throughput volumes. Operating efficiency and cost optimization lifted EBITDA by 10.66% to KSh 24.95 billion. KPC significantly strengthened its balance sheet by reducing borrowings by 83% down to KSh 0.4 billion through accelerated debt repayments. Strong collection strategies and higher throughput boosted cash and cash equivalents by 84.45% to KSh 20.54 billion, while working capital surged 79.48% to KSh 23.95 billion.
💰 Vick | Wealth Recommendation on Kenya Pipeline Company PLC: HOLD
* Value & Returns: Fundamentals remain attractive with a P/E ratio of 14.1x, an ROE of 9.71%, a book value per share of KSh 6.57, and a proposed final dividend of KSh 0.32 per share (payable 30th November 2026).
* Risk & Solvency: Exceptionally robust liquidity profile with KSh 20.54 billion in cash reserves, minimal debt-to-equity leverage of 0.3x, and a strong working capital position.
* Strategy: Hold. KPC offers strong cash generation, high barrier-to-entry infrastructure dominance in regional energy transport, and a rock-solid balance sheet following its successful listing and debt reduction.
