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KANZA CAPITAL PARTNERS · PUBLIC EVIDENCE RECORD

Kenya Airways

KA · DSE · market data as at 2026-09-10
CloseTZS 1150.00% · DSE
Volume02026-09-10 session
Traded valueTZS 02026-09-10 session
Market capitalisationTZS 653.4bnDerived board field
Retained median volume043 snapshots · not ADV
Domestic turnover rankNot applicable2026-09-10 DSE board
Largest disclosed holder48.9%Cabinet Secretary to the National Treasury · 2025-12-31

Market facts: Dar es Salaam Stock Exchange. Financial, dividend and ownership facts: issuer disclosures, retained by source URL and SHA-256. Derived changes use the displayed periods. Missing facts remain missing.

Information and education only, never advice, a recommendation or an offer. Printed from https://kanzacapitalpartners.com/companies/ka.

Public evidenceYou are here

Source facts stay open.

Price & liquidityReported financialsOwnershipFilings & dividends
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Five signals before the detail.

Each row uses its own disclosed scale. An unavailable fact has no plotted magnitude. These are descriptive signals, not a score, peer ranking, forecast or recommendation.

Market record

The close is already above. Here is the rest of the session.

Every figure below refers to the same verified DSE close. It describes the tape; it does not establish typical liquidity or future direction.

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Tradability evidence · bounded window

Volume varied sharply across the retained window.

This is a median across 43 retained DSE snapshots, not ADV. Missing dates are not treated as zero, and no bid-ask or executable-size claim is added.

Recorded volume · 2026-07-10 to 2026-09-09Latest multiple unavailable
2026-07-10: 0 shares at TZS 115; 2026-07-13: 0 shares at TZS 115; 2026-07-14: 0 shares at TZS 115; 2026-07-15: 0 shares at TZS 115; 2026-07-16: 0 shares at TZS 115; 2026-07-17: 0 shares at TZS 115; 2026-07-20: 0 shares at TZS 115; 2026-07-21: 0 shares at TZS 115; 2026-07-22: 0 shares at TZS 110; 2026-07-23: 0 shares at TZS 115; 2026-07-24: 0 shares at TZS 180; 2026-07-27: 0 shares at TZS 115; 2026-07-28: 0 shares at TZS 115; 2026-07-29: 0 shares at TZS 115; 2026-07-30: 0 shares at TZS 110; 2026-07-31: 0 shares at TZS 110; 2026-08-03: 0 shares at TZS 110; 2026-08-04: 0 shares at TZS 110; 2026-08-05: 0 shares at TZS 110; 2026-08-06: 0 shares at TZS 110; 2026-08-07: 0 shares at TZS 110; 2026-08-10: 0 shares at TZS 110; 2026-08-11: 0 shares at TZS 110; 2026-08-12: 0 shares at TZS 110; 2026-08-13: 0 shares at TZS 110; 2026-08-14: 0 shares at TZS 110; 2026-08-17: 0 shares at TZS 120; 2026-08-18: 0 shares at TZS 115; 2026-08-19: 0 shares at TZS 115; 2026-08-20: 0 shares at TZS 115; 2026-08-21: 0 shares at TZS 115; 2026-08-24: 0 shares at TZS 115; 2026-08-26: 0 shares at TZS 115; 2026-08-27: 0 shares at TZS 115; 2026-08-28: 0 shares at TZS 115; 2026-08-31: 0 shares at TZS 115; 2026-09-01: 0 shares at TZS 115; 2026-09-02: 0 shares at TZS 115; 2026-09-03: 0 shares at TZS 115; 2026-09-04: 0 shares at TZS 115; 2026-09-07: 0 shares at TZS 115; 2026-09-08: 0 shares at TZS 115; 2026-09-09: 0 shares at TZS 115retained median 02026-07-102026-09-09

Linear scale. The final bar is intentionally allowed to dominate; compressing it would hide the scale of the latest-session break.

Retained median volume043 verified snapshots · not ADVLatest session volume rankNot applicableDomestic board · same 2026-09-09 closeLatest turnover rankNot applicable0% of domestic traded value
Same-sector comparison1 classified peersPAL share the Consumer Services coverage classification; this is not a valuation peer set.
Open the DSE source behind every snapshot and rank

How has KA's verified close moved across the available public record?

KA verified close history

Window startTZS 10525 Jul 2025
Latest closeTZS 1159 Sep 2026
Window change+9.5%+TZS 10

As at 10 Sep 2026 · Source: Dar es Salaam Stock Exchange (DSE), via MCL market platform daily export (market.mcl.co.tz). Exact values and method remain in the static evidence table below.

03 · Descriptive reading

Three views of the same record.

These transformations expose change, recent direction and recorded position. They are not forecasts, total returns or estimates of value.

Available-record change+9.5%
2025-07-25TZS 105
2026-09-09TZS 115
Recent recorded direction+4.5%

Last 20 recorded observations · no calendar-time substitution.

04 · Ownership and tradability

Reported ownership, without a free-float guess.

The cited filing presents a complete 100% structure. Ownership remains separate from tradable free float, bid-ask depth and executable size.

Shareholding reported at 2025-12-31

Cabinet Secretary to the National Treasury is the largest disclosed holder at 48.9%.

  1. 01Cabinet Secretary to the National Treasury48.9%
  2. 02KQ Lenders Company 2017 Limited37.91%
  3. 03KLM Royal Dutch Airlines7.76%
  4. 04Kenya Airways Employee Share Ownership Scheme 20182.44%
  5. 05Kamau Mike Maina0.28%
  6. 06Shah Umesh Khetshi P0.1%
  7. 07Shah Tanna, Karishma Vijay Shah-Tanna0.06%
  8. 08Hussein Abdi Malik0.06%
  9. 09Galot International Limited0.05%
  10. 10Bid Ekta Bimal Kunal0.04%
  11. 11Other shareholders2.41%
Foreign institutions
7.78%
Foreign individuals
0.12%
Local institutions
89.56%
Local individuals
2.54%

The ten named holders plus other shareholders reconcile to 5,823,902,621 shares and 100.01% after printed rounding. The report separately confirms 83,083 shareholders.

Disclosure scopeCompleteFY2025 annual report · PDF page 140 · top ten shareholders and shareholding distribution
Registered shareholders83,083Source-dated count only; no holder activity is inferred
Issued shares5,823,902,621Reported share count, not a liquidity measure
Latest session turnoverTZS 02026-09-10 DSE tape · not a typical-liquidity estimate
Open the ownership source · PDF page 140 · top ten shareholders and shareholding distribution

04b · Classification and evidence sequence

From company record to listed tape.

This is an evidence sequence, not a causal model. A missing filing cannot be replaced by a price, and a price move cannot prove an operating cause.

01

Official disclosures

33 indexedLatest DSE filing period 2025-12-31 · 1 normalized
02

Reported business evidence

Revenue: KES 161.5bnFY2025 and FY2024 comparative · PDF p. 44
03

Capital and governance record

1 retained items1 actions · 0 governance disclosures
04

Listed market record

DSE-verified session2026-09-10 · DSE verified close
Market classificationCommercial Services

Constituents are a KCP classification by business type. The Dar es Salaam Stock Exchange publishes the CS index level (shown above, DSE-verified) but does not publish a constituent table; this grouping is KCP's, not DSE-verified index membership.

Reported trajectory · source evidence

Two periods, one retained source, no mixed basis.

Select a metric to compare adjacent group results printed in the same retained source. Audit status remains visible. This is reported history, not a forecast or quality score.

RevenueKES 161.5bnFY2024 KES 188.5bn -> FY2025 KES 161.5bn
Operating profit / (loss)−KES 5.6bnFY2024 KES 16.6bn -> FY2025 −KES 5.6bn
Profit / (loss) before tax−KES 17.9bnFY2024 KES 5.5bn -> FY2025 −KES 17.9bn
Profit / (loss) for the year−KES 17.2bnFY2024 KES 5.4bn -> FY2025 −KES 17.2bn
Total assetsKES 183.2bnFY2024 KES 179.1bn -> FY2025 KES 183.2bn
Total shareholders' deficit−KES 132.1bnFY2024 −KES 118.3bn -> FY2025 −KES 132.1bn
Basic earnings / (loss) per shareKES -2.94FY2024 KES 0.95 -> FY2025 KES -2.94
Capital return record

Dividend state, not just a number.

05 · Company-reported evidence

What can be traced to a retained document?

Market dates and reporting periods remain separate. Missing fundamentals stay missing until a document, locator and review state support them.

06 · Evidence-risk ledger

What this page cannot prove.

Trust is not the absence of uncertainty. It is the discipline of showing exactly where the evidence becomes thin.

01

Session liquidity

43-snapshot windowRetained median volume 0 from 2026-07-10 to 2026-09-09. This bounded archive is not ADV and does not establish executable size.
02

Historical coverage

62 observationsAvailable from 2025-07-25 to 2026-09-09. Missing trading dates are not filled forward.
03

Filing vintage

33 official DSE filingsLatest normalized documentary date: 2025-12-31. The complete DSE register is indexed separately; reporting periods remain distinct from market dates.
04

Comparison boundary

CSConstituents are a KCP classification by business type. The Dar es Salaam Stock Exchange publishes the CS index level (shown above, DSE-verified) but does not publish a constituent table; this grouping is KCP's, not DSE-verified index membership.

07 · How to use this record

Follow the source boundary, not the decoration.

Each number is either a primary-source fact, a labelled calculation from cited inputs, or absent. The page does not bridge a missing fact with an estimate.

01 · Market authorityDar es Salaam Stock Exchange

Close, session direction, volume and turnover use the dated DSE board. Retained snapshots stay date-bound.

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02 · Issuer authorityKenya Airways investor annual reports

The issuer archive is verified as a discovery source. Values enter the fact layer only with a retained document, page locator, period and review state.

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03 · CalculationsExact periods, labelled changes

Percentage change is current over prior comparable period, minus one. The liquidity median uses the retained dates above.

04 · Missing evidenceNull beats estimates

Free float, bid-ask depth, executable size and consensus stay absent until a source supports them.

Portable evidence

Take the record with its source trail attached.

Read the complete verification note

Market observations and company reporting periods are separate clocks. KCP does not use a price move to fill a missing filing, annualise a quarterly result, interpolate a missing close, or treat publicly held shares as verified tradable free float.

The retained DSE snapshot folder is a bounded evidence window, not a complete session archive. Its median describes only the snapshots listed here. Regional operating peers, valuation multiples and consensus would require a separately sourced comparison workflow and are not implied by this public page.

Information and education only, never investment, legal or tax advice, a recommendation, an offer or a solicitation.

08 · The product boundary

Public facts end here. The source trail does not.

Keep exploring verified DSE records in public, or enter the member workbench for scenarios, sensitivities and monitoring workflow.

Governance disclosureFounder/principal personal holdings

No personal position: Arthur George Kanza, KCP founder/principal, declares no holding in KA (Kenya Airways).

Effective 14 Aug 2026 · Policy →