Listed agribusiness and superfoods grower, Kakuzi Plc, has posted a Ksh387.5 million after-tax profit.
In its 2025 full-year financial results released on Tuesday, March 24, the company marked a significant turnaround from the Ksh131.6 million after-tax loss booked last year.
The firm’s Board of Directors, in turn, recommended a first and final dividend of Ksh16 per share, double the 2024 payout.
From total revenues of Ksh5.4 billion, the leading grower of avocado, macadamia, and blueberry superfoods, posted a Ksh568 million pre-tax profit, up from the Ksh167 million pre-tax loss in 2024.
Kakuzi Managing Director Chris Flowers said the firm is actively rolling out a product-and-market diversification strategy, among other efforts to accelerate growth to mitigate losses.
“For example, as an agricultural company, we have expanded our irrigation water conservation capacity by adding 1 million cubic meters of rainwater storage, bringing our total to 13 million cubic meters. This key development further enhances our self-sufficiency in water tapped from water catchment areas in our farm,” Flowers said.
“These sustainability and business development initiatives demonstrate our commitment to integrating sustainable agricultural practices into our operations, which we believe will be fundamental to our future success.”
Kakuzi Plc Chairman Nicholas Ng’ang’a, on his part, said that while certain circumstances that led to the 2024 loss have been mitigated, geopolitical tensions continue to negatively affect the firm’s flagship avocado operations.
While describing the company’s performance as commendable on the back of tighter governance and sustainable business operations, Flowers singled out the firm’s blueberry operations.
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He said that they continue to indicate that, despite high establishment costs, the crop could significantly contribute to Kakuzi’s diversification strategy.
According to the Managing Director, Kakuzi continues to focus on value addition wherever it makes commercial sense, as part of its corporate strategy of product diversification.
“The strategy is paying off, and while Kakuzi was export-oriented in the past, we can now confirm that we have a growing domestic market contribution to the bottom line, with sales exceeding Ksh50 million,” he added.
Kakuzi plc announces its 2025 full-year financial results
The listed agribusiness and superfoods grower further highlighted that its domestic market revenue stream is enjoying steady growth from the sale of value-added products at the Kakuzi Farm Market, including ready-to-eat macadamia nuts, cold-
Segmentally, Kakuzi avocado profits grew by 96% last year to Ksh709 million, up from Ksh361 million in 2024. Avocado export operations in the period under review, however, were negatively impacted by instability stemming from complex shipping logistics experienced last year.
The company highlighted that while the Red Sea route reopened in the year, logistical instability on this route continues to cause fruit quality problems and lower prices. Avocado production increased by 23%, but export volume was negatively affected by pest and disease pressure.
The European market prices last year were lower for our main Hass crop, due to substantial volumes from traditional suppliers Peru, South Africa, and, to some extent, Colombia.
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In 2025, Kakuzi exported 525 containers, up from 446 containers the previous year, achieving an average price of Euro 7.13 per carton.
The company, he said, continues to develop mitigation measures, including leveraging market access to both China and India.
“While these markets offer easier logistics, the current market size does not offer an immediate substitute for Europe,” the Managing Director explained.
The firm’s macadamia business posted better profits, closing at Ksh365 million, up from Ksh69 million the previous year.
Demand for macadamia, Flowers said, continues to recover, with increased sales volumes and improved prices.
The Kakuzi Blueberry operation recovered to a Ksh5 million profit, up from a Ksh19 million loss the previous year. Production volumes also increased to 90 tons, up from 53 tons.
