Nairobi Securities Exchange-listed agribusiness company Kakuzi Plc has recorded a net profit of Ksh 295.5 million for the first half of 2025.
During the period, the company’s revenue went up to Ksh 1.51 billion, from Ksh 1.17 billion recorded during the same half last year.
Confirming the results, Kakuzi Managing Director Chris Flowers said the company had adopted strategic measures to stay on track despite a tough operating environment.
“The year-to-date trading in our two core crops is in line with expectations. The international avocado market has been well supplied, with prices reflecting this situation,” Mr. Flowers said.
He noted that earlier shipping challenges are easing as more voyages return to the Red Sea route.
On avocados, the company’s main crop, Kakuzi posted a half-year profit of Ksh 395 million.
This was a drop from the Ksh 951 million profit posted in 2024, mainly due to a lower crop valuation this year.
Mr. Flowers explained that the global avocado market has been well supplied, unlike last year when undersupply pushed up prices.
By the end of June, Kakuzi had exported 165 containers equal to 801,840 cartons of avocados, mainly to European markets also receiving fruit from Peru, South Africa and Colombia.
The company’s macadamia division recorded stronger results, with a half-year profit of Ksh 319 million compared to just Ksh 32 million in the same period last year. Blueberry production also improved, generating a Ksh 13 million profit against a Ksh 17 million loss in 2024.
Mr. Flowers said the board remains committed to diversification and sustainable growth. “Our operating mandate is firmly rooted in our purpose of ‘Growing Together’, lifting others as we grow through meaningful stakeholder engagement,” he said.
He, however, raised concern over recent land invasions by individuals he described as unscrupulous, noting that they had caused environmental damage and created tension in local communities.
“We are pursuing legal remedies to protect shareholder rights and prevent any attempts to erode the value of our assets,” he assured investors.
Kakuzi said its growth and diversification plans are focused on contributing to the economic development of Murang’a County and the country through job creation and foreign exchange earnings.
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