NAIROBI, Kenya, Aug 20 – Agribusiness firm Kakuzi has reported a net profit of Sh295.5 million for the first half of 2025, buoyed by a revenue increase to Sh1.51 billion from Sh1.17 billion over the same period last year.
Kakuzi Managing Director Chris Flowers attributed the growth to strategic operational measures despite a challenging business environment.
“The year-to-date trading in our two core crops is in line with expectations. The international avocado market has been well supplied, with price levels reflecting this situation,” he said.
Flowers noted that shipping route disruptions experienced earlier in the year are stabilising, with an increasing number of voyages returning to the Red Sea route.
On the flip side, the company’s avocado division posted a half-year profit of Sh395 million, down from Sh951 million in 2024, a dip the Nairobi Securities Exchange (NSE)-listed firm attributed to lower crop valuation.
Kakuzi exported 165 containers (801,840 cartons) of avocados, primarily to European markets, which are also receiving fruit from Peru, South Africa, and Colombia.
Meanwhile, Kakuzi’s macadamia division recorded a half-year profit of Sh319 million, up sharply from Sh32 million in the same period last year, reflecting continued growth in the global macadamia market.
Similarly, its blueberry production scaled up, posting Sh13 million in half-year earnings compared to a Sh17 million loss in 2024.
The firm said it remains keen on sustaining its diversification efforts, with a focus on maximising profits.
