Kakuzi Returns to Profit with KES 387.5 Million Earnings as Avocado and Macadamia Recover

Kakuzi Plc has posted a profit after tax of KES 387.5 million for the year ended 31 December 2025, swinging from a loss of KES 131.7 million in the prior year, with basic earnings per share rising to KES 19.77 from negative KES 6.72. Sales grew 12% to KES 5.4 billion from KES 4.8 billion, with the recovery driven by stronger performance across all three core crops.

Avocado profits grew 96% to KES 709 million from KES 361 million, with export volumes rising to 525 containers from 446, though the Red Sea route, while reopened, continued to cause fruit quality problems and lower prices. European market prices also came under pressure from heavy supply out of Peru, South Africa and Colombia, with the average price achieving Euro 7.13 per carton. Macadamia posted a sharp recovery, with profits climbing to KES 365 million from KES 69 million on improved volumes and prices, while the blueberry operation returned to a KES 5 million profit from a KES 19 million loss, with production rising to 90 tonnes from 53 tonnes.

Cash and bank balances strengthened to KES 1.6 billion from KES 1.1 billion, with net cash from operations growing to KES 853 million from KES 475 million. Total equity stood at KES 5.6 billion from KES 5.3 billion.

The Board has recommended a dividend of KES 16 per share, double the KES 8 paid in 2024, payable on or about 15 June 2026 to shareholders on the register at the close of business on 29 May 2026.