KAA profit halves as revenues, passenger charges slump
The Kenya Airports Authority reported a 41 percent drop in annual profit to Sh3.8 billion due to declining revenues and increased operational costs. Despite the dip, the authority maintains that its financial base is becoming more sustainable and less reliant on exceptional items.
Why it matters
As a state corporation, the KAA's financial health directly impacts infrastructure development and service reliability at major transport hubs like JKIA.
The Kenya Airports Authority (KAA) posted a 41 percent profit dip to Sh3.8 billion in the financial year to June 2025, largely driven by a drop in revenues, surging costs and easing of foreign exchange gains.
New disclosures show that the airports operator’s revenues for the year declined by about Sh1.1 billion, with forex gains dropping by more than 10-fold, while its costs rose by Sh1.5 billion, putting pressure on its net earnings, which declined by Sh2.7 billion, from Sh6.5 billion in the year to June 2024.
This marked the second consecutive year of profit-making for the state corporation, after emerging from a Sh4.2 billion net loss in 2023, when it was forced to pay billions of shillings in compensation to Chinese contractors for a botched tender to construct a second terminal at Jomo Kenyatta International Airport (JKIA) in Nairobi.
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