NAIROBI, Kenya, Mar 24 – Kakuzi Plc has doubled its dividend payout to Sh16 per share after posting a net profit of Sh387.5 million for the 2025 financial year.
The performance marks a recovery from a loss of Sh131.6 million recorded in 2024, with total revenue rising to Sh5.4 billion.
Chairman Nicholas Ng’ang’a said while the firm has addressed challenges that led to last year’s loss, geopolitical tensions continue to weigh on its avocado export business.
Managing Director Chris Flowers said the company is accelerating diversification to cushion against external shocks.
“For example, we have expanded our irrigation water conservation capacity by adding one million cubic metres of rainwater storage, bringing our total to 13 million cubic metres,” he said.
“These sustainability and business development initiatives demonstrate our commitment to integrating sustainable agricultural practices into our operations.”
The firm is also expanding value addition and domestic sales, with local revenue now exceeding Sh50 million from products such as ready-to-eat macadamia, cold-pressed macadamia oil, avocados, blueberries and loose-leaf tea.
Avocado profits rose 96 percent to Sh709 million, although export performance was affected by logistical challenges and price pressures in Europe due to increased supply from countries such as Peru and South Africa.
Macadamia earnings also improved significantly to Sh365 million from Sh69 million, supported by recovering global demand and better prices.
Flowers said the company is exploring alternative markets including China and India to reduce reliance on Europe, even as it continues to manage pest and disease pressures affecting production.
