The Lower Eastern Times Opening The Third Eye
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Kakuzi Plc has doubled its dividend to Sh16 per share after reporting a net profit of Sh387.5 million for the 2025 financial year.
This marks a strong turnaround from the Sh131.6 million loss recorded in 2024, with total revenue rising to Sh5.4 billion.
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Chairman Nicholas Ng’ang’a said the company has overcome challenges that led to last year’s losses, though global geopolitical tensions are still affecting its avocado export business.
Managing Director Chris Flowers noted that the firm is fast-tracking diversification efforts to shield itself from external risks.
He highlighted investments in sustainability, including expanding rainwater storage capacity by one million cubic metres to a total of 13 million cubic metres.
Kakuzi is also boosting value addition and local sales, with domestic revenue now surpassing Sh50 million from products such as ready-to-eat macadamia, macadamia oil, avocados, blueberries, and loose-leaf tea.
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Avocado earnings surged by 96 percent to Sh709 million, although exports faced pressure from logistical challenges and increased supply in European markets from countries like Peru and South Africa.
Macadamia income also jumped significantly to Sh365 million from Sh69 million, driven by improving global demand and better prices.
The company is now exploring new markets such as China and India to reduce dependence on Europe, while also tackling pest and disease challenges affecting production.
