Kakuzi Plc has posted a half-year profit of Ksh 295.5 million for the period ending June 30, 2025, demonstrating resilience amid global market shifts and the success of its crop diversification strategy.
Although this reflects a decline from Ksh 347.5 million in the same period last year, the company attributes the dip to lower future crop valuations in its avocado segment.
Diversification Driving Growth
Kakuzi’s macadamia business delivered a standout performance, recording a profit of Ksh 319 million—up from just Ksh 32 million in 2024. The blueberry segment also turned profitable, posting Ksh 13 million compared to a Ksh 17 million loss last year.
“Our macadamia market is buoyant and exhibiting strong demand,” said Chairman Nicholas Ng’ang’a. “We have already committed 50% of our anticipated production for sale, which is a testament to the strength of our strategic planning and market positioning.”
Avocado Market Faces Headwinds
The avocado segment, traditionally a core revenue driver, faced pricing pressure due to global oversupply. Kakuzi exported 165 containers, equivalent to 801,840 cartons of Pinkerton and Hass avocados, to European markets, which were also receiving fruit from Peru, South Africa, and Colombia.
Tea Segment Under Pressure
The tea business reported a half-year loss of Ksh 27.5 million, widening from a Ksh 3.5 million loss in the same period last year. Lower prices were cited as the primary factor.
Financial Snapshot
- Sales: Ksh 1.51 billion (up from Ksh 1.18 billion in 2024)
- Earnings per Share: Ksh 15.08 (down from Ksh 17.73)
- Total Equity: Ksh 5.47 billion
- Cash and Bank Balances: Ksh 890 million
The Board has confirmed that no interim dividend will be paid for the period.
“Our growth and diversification plans remain firmly anchored on contributing positively to the development of our County and Country,” Ng’ang’a added.
Kakuzi continues to invest in high-value crops and export markets, positioning itself for long-term sustainable growth.
