NAIROBI, Kenya — Kakuzi PLC has posted a net profit of Sh387.5 million for the 2025 financial year, marking a sharp turnaround from the Sh131.6 million loss recorded in 2024.
The agribusiness firm attributed the recovery to strong performance across its key export crops—avocado, macadamia, and blueberries—alongside gains from diversification and value-added products.
The company reported total revenues of Sh5.4 billion and a pre-tax profit of Sh568 million, compared to a pre-tax loss of Sh167 million the previous year.
Reflecting improved financial health, the Board of Directors has recommended a final dividend of Sh16 per share, double last year’s payout.
Chairman Nicholas Ng’ang’a said the firm had managed to overcome some of the challenges that affected operations in 2024, although external risks remain.
“While certain challenges from 2024 have been mitigated, geopolitical tensions continue to affect our avocado operations,” Ng’ang’a noted.
Managing Director Chris Flowers highlighted the company’s focus on sustainability and diversification as key drivers of growth.
He pointed to investments in irrigation and water harvesting, with rainwater storage capacity expanded by one million cubic metres to a total of 13 million.
“These initiatives demonstrate our commitment to sustainable agricultural practices, which are fundamental to our future success,” Flowers said.
Avocado operations delivered a standout performance, with profits rising 96 per cent to Sh709 million and production increasing by 23 per cent.
However, exports were constrained by pest pressures and logistical disruptions, with 525 containers shipped at an average price of €7.13 per carton.
Macadamia earnings also surged, with profits climbing to Sh365 million from Sh69 million, driven by higher global prices and increased volumes.
The company’s blueberry segment returned to profitability, posting a Sh5 million profit from a Sh9 million loss the previous year, as output rose to 90 tonnes.
Kakuzi has also expanded its domestic value-added segment, generating over Sh50 million from products such as ready-to-eat macadamia nuts, cold-pressed oils, avocados, blueberries and loose-leaf tea.
The firm is now targeting new export markets, including China and India, while maintaining a strong presence in Europe, which remains a key destination despite ongoing logistical challenges.
“Our value-add and diversification strategies are paying off, positioning Kakuzi for sustained growth and resilience against market volatility,” Flowers said.
