Kakuzi has reported a net profit of Sh295.5 million, with revenues rising to Sh1.5 billion in the first half of the 2024 trading period.
Kakuzi Plc, an agribusiness company listed on the Nairobi Securities Exchange (NSE), has disclosed a net profit of Sh295.5 million for its half-year trading results. During this period, the company’s total revenue increased to Sh1.51 billion, up from Sh1.17 billion in the same timeframe last year.
In a statement regarding the half-year 2025 trading results, Kakuzi’s Managing Director Chris Flowers noted that the company has adopted strategic operational measures to foster growth amid a challenging business landscape. “Our year-to-date performance in our two main crops meets our expectations. The international avocado market is well-supplied, and the price levels reflect this situation,” Flowers commented.
He further mentioned, “The shipping route issues we faced earlier are beginning to stabilize, with an increasing number of voyages returning to the Red Sea route.”
Concerning the performance of the company’s primary crop, Flowers indicated that the avocado division achieved a half-year profit of Sh395 million, a decline from the Sh951 million profit reported in 2024, primarily due to a lower crop valuation in 2025.
He pointed out that the international avocado market is adequately supplied, with price levels reflecting this increased supply. Last year, the markets experienced undersupply during the same period, leading to higher prices. By the end of the half-year reporting period, Kakuzi had exported 165 containers (801,840 cartons) of avocados, mainly to European markets, which are also receiving fruit from Peru, South Africa, and Colombia.
The Kakuzi Macadamia division reported a half-year profit of Sh319 million, up from Sh32 million last year, as the global macadamia market grows. Blueberry production also met expectations, yielding a profit of Sh13 million compared to a loss of Sh17 million last year. Flowers noted the Board’s commitment to diversifying operations while upholding responsible practices. He expressed concern over recent land invasions that have harmed the environment and increased local security tensions, assuring shareholders that legal action is being pursued to protect their rights and assets.