Sasini returns to profit with US$1.37M gain as coffee sales, asset valuations rise 

KENYA – Agricultural firm Sasini has returned to profitability, reporting a net profit of Kes 177.3 million (US$1.37 million) for the year ended September 2025, helped by higher sales and a sharp increase in the value of its plantations. 

The Nairobi Securities Exchange-listed company had posted a net loss of Kes 562.8 million (US$4.36 million) in the previous financial year. 

Despite the turnaround, the company suspended dividend payments for a second consecutive year, with directors citing the need to strengthen the balance sheet. 

“In view of the results, the directors do not recommend the payment of a dividend,” Sasini said in a statement. 

In the year ended September 2025, sales rose by Kes 1.5 billion (US$11.63 million) to Kes 8.4 billion (US$65.12 million), supported by a strong performance in coffee that offset weaker tea and avocado results. 

“The coffee trading unit was the standout performer, achieving its highest ever profits,” Sasini said. 

“Despite a decline in production volumes due to adverse weather, price realisations at the Nairobi Coffee Exchange were exceptional, averaging US$6.19 per kilogramme compared with US$4.65 per kilogramme in 2024.” 

The company said tea sales were hurt by lower volumes and depressed global prices caused by excess supply, while avocado exports to Europe were constrained by logistical disruptions linked to Middle East conflicts. 

Beyond higher sales, Sasini benefited from stronger margins and a higher valuation of its productive assets during the review period. 

The fair value gain on biological assets, a non-cash item, rose to Kes 558.7 million (US$4.33 million) from Kes 33.9 million (US$0.26 million) a year earlier. 

Gross profit margin improved to 11.9 percent from 8.5 percent as the company tightened controls on its cost of sales. 

Sasini also reduced operating expenses through automation and cost discipline, with administrative expenses falling to Kes 1.1 billion (US$8.53 million) from Kes 1.16 billion (US$8.99 million). 

Selling and distribution expenses declined to Kes 107.8 million (US$0.84 million) from Kes 196.9 million (US$1.53 million). 

Finance income fell to Kes 61.9 million (US$0.48 million) from Kes 261.8 million (US$2.03 million), reflecting lower interest rates and reduced holdings of fixed income assets. 

The company said it is maintaining strong cash reserves as it waits for improved conditions in the tea business. 

“Looking ahead to 2026, while market volatility remains, the re-opening of key trade routes and our focus on high-value coffee and resilient macadamia orchards position us for sustainable growth,” Sasini said. 

“We expect a resurgence in our tea business in 2026,” it said. 

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