Kakuzi H1 2024 profit at Sh295.5m as revenue climbs to Sh1.5bn
NAIROBI, Kenya Aug 20 - Nairobi Securities Exchange (NSE) listed agribusiness firm Kakuzi Plc has posted a Sh295.5 million net profit in its half-year Kenya breaking news | Kenya news today |..
✨ Key Highlights
Kakuzi Plc, a Nairobi Securities Exchange (NSE)-listed agribusiness firm, reported a Sh295.5 million net profit in its half-year 2024 trading results, with total revenue climbing to Sh1.51 billion.
- Total revenue for Kakuzi increased to Sh1.51 billion in the first half of 2024, up from Sh1.17 billion in the same period last year.
- Managing Director Chris Flowers attributed the performance to strategic operating strategies amid a challenging environment, noting that avocado profits decreased to Sh395 million from Sh951 million in 2024 due to lower crop valuation, while macadamia profits surged to Sh319 million from Sh32 million.
- The firm also successfully made its blueberry venture profitable, recording a Sh13 million half-year profit, reversing a Sh17 million loss from the prior year.
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Kakuzi Reports KSh 295.5 Million Half-Year Profit Amid Avocado and Tea Pressure - August 2025
Kakuzi Plc reported a net profit of KSh 295.5 million for the half-year ended June 30, 2025, with total revenue climbing to Sh1.51 billion. Despite the 28.6% increase in revenue, the agribusiness firm's net profit dropped by 14.9%. The profit decline was primarily attributed to weaker avocado valuations and lower tea prices. The downturn was offset by strong performances and increased revenues from the company's macadamia and blueberry divisions. These divisions were the primary drivers of growth for the Nairobi Securities Exchange-listed firm during this period.
