By Kakuzi Reports Ksh 295.5 Million Half-Year Profit
Strong Revenue Growth
NSE-listed agribusiness firm Kakuzi Plc posted a Ksh 295.5 million net profit for the half-year 2024 trading period. Revenue rose to Ksh 1.51 billion, up from Ksh 1.17 billion in the same period last year.
Managing Director Chris Flowers said the firm had adopted strategic measures to sustain growth in a challenging environment. “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,” he said.
He noted that shipping challenges are beginning to stabilise, with more voyages now returning to the Red Sea route.
Kakuzi Reports Ksh 295.5 Million Half-Year Profit
Avocado, Macadamia and Blueberry Performance
Avocado exports contributed a half-year profit of Ksh 395 million, compared to Ksh 951 million last year. Flowers attributed the decline to lower crop valuation in 2025 and higher supply in the global market.
By mid-year, Kakuzi had exported 165 containers (801,840 cartons) of avocados to Europe, competing with produce from Peru, South Africa and Colombia.
The macadamia division posted a strong turnaround, recording Ksh 319 million in profit compared to Ksh 32 million last year. Blueberry production also improved, posting Ksh 13 million profit against a Ksh 17 million loss in 2024.
Flowers reaffirmed the Board’s commitment to diversification and responsible business. He said Kakuzi faced recent land invasion incidents that caused environmental damage and insecurity, but assured shareholders that legal remedies were underway.
“Our purpose remains ‘Growing Together’—lifting others as we grow through meaningful stakeholder engagement,” he said, adding that the firm’s growth strategy supports Murang’a County’s economy, job creation, and foreign exchange earnings.
https://africabusinessnews.co.ke/kakuzi-eyes-lucrative-u-s-avocado-market/
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