Kakuzi Plc has posted a Ksh 295.5 million net profit in its half-year trading results. During the period, total revenue grew to Ksh 1.51 billion, up from Ksh 1.17 billion realised within the same period last year.
The avocado earnings realized a half-year profit of Ksh 395 million compared to a half-year profit of Ksh 951 million posted in 2024, primarily because of a lower crop valuation in 2025.
This was due to the fact that international avocado market had been flooded, with price levels reflecting higher supply. Last year, the markets were undersupplied during the same period, which led to a corresponding higher price. At the close of the half-year reporting period, Kakuzi had exported 165 containers (801,840 cartons) of avocados primarily to European markets, which are also receiving fruit from Peru, South Africa and Colombia.
Kakuzi Macadamia division recorded a half-year profit of Ksh 319 million, up from Ksh 32 million posted within the same period last year. The firm’s blueberry production recorded a half-year profit of Ksh 13 million compared to a Ksh 17 million loss for the same period last year.
Kakuzi Managing Director Mr. Chris Flowers, said, “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,” Mr. Flowers said. He added, “The earlier experienced shipping route challenges are also beginning to stabilise with an increasing number of voyages returning to the Red Sea routing.”
He expressed concern that the firm had recently faced land invasion cases by unscrupulous individuals. “The actions have occasioned massive environmental damage and raised security tensions among the local community. We are, however, pursuing legal remedies and redress available to us, to secure shareholder rights and avoid attempts to expropriate or erode the value of our shareholder assets,” Mr. Flowers assured Kakuzi shareholders.