Agricultural firm Kakuzi PLC has reported a half-year profit of Kshs 295.5 million, marking a significant increase driven largely by strong avocado exports and a steady performance in macadamia and forestry operations.
The results, covering the six months ending June 30, 2025, reflect the company’s continued resilience in a dynamic global market.
In a statement released on Thursday, Kakuzi attributed the profit growth to increased demand in key international markets, particularly Europe and Asia, where the company has expanded its avocado export volumes.
Managing Director Chris Flowers said the improved performance is the result of strategic investments in sustainable agriculture, market diversification, and value addition.
“Our international avocado markets continue to provide solid returns, with volumes and prices holding firm compared to the same period last year. We have also seen stable performance from our macadamia business despite global market challenges,” Flowers noted.
Revenue for the period rose to Ksh 1.1 billion, a notable improvement from the Ksh 887 million reported during the same period in 2024.
The firm’s forestry, livestock, and blueberry units also contributed positively, though on a smaller scale compared to the flagship avocado division.
Kakuzi’s half-year report also highlighted ongoing efforts in environmental sustainability, including water conservation initiatives and reforestation programs across its estates.
The company is positioning itself as a leader in ethical agribusiness practices, having recently secured additional international certifications that bolster its reputation among European retailers.
The board did not declare an interim dividend, opting instead to reinvest earnings into expansion projects, including a new avocado packhouse and upgrades to macadamia processing facilities. According to the company, these investments are critical to meeting growing export demand and enhancing efficiency.
Looking ahead, Kakuzi expressed cautious optimism, citing favorable weather conditions and growing global interest in healthy, sustainably farmed produce.
The firm’s full-year outlook remains positive, with management expecting continued profitability into the second half of the year.
Written By Ian Maleve
