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Car and General Kenya Plc has reported a 920% jump in profit after tax to Ksh 637 million for the six months ended 30 June 2025, up from Ksh 62 million in the same period last year.
The company has declared an interim dividend of Ksh 0.30 per share, marking its first shareholder payout in over two decades.
“The Directors have approved an interim dividend of KSh 0.30 per share payable on or before the 15th of September 2025, to Shareholders on the register of members as at 2nd September 2025,” the company said.
Gross profit rose 33% to Ksh 2.12 billion, while EBITDA more than doubled to Ksh 1.54 billion. Revenue climbed 9.6% to Ksh 12.03 billion.
Car and General Posts Ksh 637M Profit, Declares First Dividend in 22 Years
The results were driven by robust sales growth in Kenya, where turnover rose 17%, supported by an increase in motorcycle sales from an average of 4,600 units per month in 2024 to 7,000 units in 2025.
Profits from subsidiary Watu, which operates in Kenya, Uganda, Tanzania, DRC, Nigeria, and Sierra Leone, jumped 272%, boosted by phone financing and strong performance in Kenya and Tanzania.
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Tanzania posted a 5% growth in 2- and 3-wheeler sales, while poultry sales doubled following operational stabilisation.
“The Poultry operation in Tanzania has stabilized and is progressing positively. Production of day-old chicks and demand have remained stable, which explains the sales growth,” the company said.
Uganda, however, recorded a 24% sales decline.
Finance costs rose 19% to Ksh 733 million, while total assets edged up to Ksh 18.62 billion. Equity grew 17% to Ksh 6.26 billion.
Car & General also recorded gains in electric and compressed natural gas vehicle sales, stable poultry production in Tanzania, and increased foot traffic at its Nairobi Mega property.
Cash generated from operations rose to Ksh 899.67 million, compared to Ksh 71.72 million in the same period last year. Closing cash stood at Ksh 190.51 million, reversing a cash deficit from last year.
“This strong performance reflects not just market growth, but our ability to innovate, diversify, and deliver value to over 3 million customers across the region,” the company added.
“We are particularly proud to return dividends to shareholders after 22 years.”
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Profit or Loss and Comprehensive Income for the Past 6 Months
| Metric | H1 2025 | H1 2024 | YoY % |
| Revenue | 12.03 B | 10.97 B | 9.61% |
| Gross Profit | 2.12 B | 1.60 B | 32.91% |
| Operating Expenses | -1.32 B | -1.25 B | -5.77% |
| Share of Profit in Associate | 422.70 M | 113.76 M | 271.56% |
| EBITDA | 1.54 B | 752.14 M | 104.23% |
| Finance Costs | -732.76 M | -614.17 M | -19.31% |
| Profit Before Tax | 753.83 M | 106.49 M | 607.86% |
| Profit After Tax | 637.06 M | 62.48 M | 919.66% |
| EPS | 7.93 | 0.78 | 916.67% |
| Total Assets | 18.62 B | 18.46 B | 0.86% |
| Total Equity | 6.26 B | 5.35 B | 16.98% |
| Net Cash from Operating Activities | 899.67 M | 1.03 B | -12.54% |
| Cash & Cash Equivalents at End of Period | 190.51 M | -139.02 M | 237.04% |
Future Outlook
Despite unpredictable global geopolitics, the company expects economic conditions in East Africa to remain stable in terms of inflation, foreign exchange, and liquidity.
It will continue driving growth across all product lines and businesses during the remainder of the year.
In the short term, the company aims to leverage the diversity of its business to increase profitability in Kenya and across the Group. Given its leading market shares in all sectors, it is confident of achieving this goal.
The focus will remain on expanding market share across all segments and optimising the Group’s balance sheet.
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