Rubis Kenya H1 Sales Drops 7% to KSh 69bn, Redeems KSh 5.3bn Fuel Subsidy Papers
Rubis Kenya posted KSh 69.1bn (-6.8% YoY) sales in H1 2025. Redeemed KSh 5.3bn fuel subsidy securities, driving margins despite weaker aviation volumes...
✨ Key Highlights
Rubis Kenya's first-half sales in 2025 dropped by 7% to KSh 69.1 billion, despite strong retail performance and improved financial conditions. The company also redeemed KSh 5.3 billion in fuel subsidy papers, freeing up significant liquidity.
- Rubis Kenya's revenue for H1 2025 was €455 million (KSh 69.1 billion), a 6.8% decrease from H1 2024.
- Rubis, holding the 2nd largest market share in Kenya at 15.96%, sold €34.7 million (KSh 5.3 billion) of Kenyan government securities.
- Retail service stations saw a 5% volume growth and 8% gross margin growth, while aviation fuel volumes dropped by 9%.
- Kenya contributed about 36% of Rubis' Africa segment's €1.27 billion revenue and played a key role in reducing the group's financing costs to €32 million from €44 million.
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Kenyan Economic Reports Reveal Mixed Performance and Widespread Hardship - September 2025
A recent TIFA survey reveals widespread economic hardship in Kenya, with most families experiencing falling incomes and surviving on KSh 20,000 or less. The construction sector has seen a sharp slowdown, with the value of building approvals in Nairobi plummeting by over 50% in June 2025 compared to a year earlier due to elevated material costs. In corporate results, Rubis Kenya's first-half sales for 2025 dropped by 7% to KSh 69.1 billion, though the company freed up liquidity by redeeming KSh 5.3 billion in fuel subsidy papers. In contrast, there was strong investor demand for government securities, as the 364-day Treasury Bill was heavily oversubscribed for a second consecutive week.
