Nairobi Securities Exchange (NSE)-listed agribusiness firm Kakuzi Plc has reported a net profit of KSh 295.5 million for the first half of 2025, driven by steady revenue growth and diversification, despite a challenging operating environment.
During the six-month period, total revenue rose to KSh 1.51 billion, up from KSh 1.17 billion recorded in the same period last year.
Speaking during the release of the results, Kakuzi Managing Director Chris Flowers said that the company’s performance reflects its strategic operating model, balancing growth with market realities.
“The year-to-date trading in our two core crops is in line with expectations. The international avocado market has been well supplied, with price levels reflecting this situation,” said Mr. Flowers.
Kakuzi’s avocado division posted a half-year profit of KSh 395 million, a decline from KSh 951 million recorded in 2024. The drop was attributed to a lower crop valuation in 2025 and increased competition, with European markets also receiving significant avocado shipments from Peru, South Africa, and Colombia.
By the end of the reporting period, the firm had exported 165 containers, equivalent to 801,840 cartons of avocados, primarily to Europe.
Kakuzi’s macadamia division recorded a remarkable performance, with half-year profits surging to KSh 319 million, compared to KSh 32 million in the same period last year, driven by a recovering global macadamia market.
The firm’s blueberry business also turned profitable, posting a KSh 13 million profit, reversing a KSh 17 million loss reported in 2024.
Mr. Flowers emphasized Kakuzi’s long-term strategy of expanding its operations while adhering to sustainable business practices:
“Our operating mandate is firmly rooted in our purpose of ‘Growing Together’, lifting others as we grow through meaningful stakeholder engagement.”
The company’s diversification strategy is aimed at contributing to Murang’a County’s development, creating jobs, and boosting foreign exchange earnings through agricultural exports.
Mr. Flowers also raised concerns over recent land invasion incidents involving “unscrupulous individuals,” which caused environmental damage and security concerns within local communities.
“We are pursuing all legal remedies to safeguard shareholder rights and protect the value of our assets,” he assured shareholders.
Kakuzi reiterated its commitment to responsible growth, focusing on strengthening exports, expanding its product portfolio, and maintaining strong stakeholder relationships.
