At a Glance
- Net profit of Ksh188 million ($1.46 million) marks a turnaround from the prior-year $4.4 million loss.
- Revenue hits record Ksh8.44 billion ($65.45 million), driven mainly by firmer coffee and macadamia prices.
- Cash flow weakens as working capital rises, free cash flow turns deeply negative.
Sasini Plc, one of Kenya’s oldest agribusiness groups, returned to profitability in its full year 2025 after posting a $4.4 million loss a year earlier, helped by higher global coffee and macadamia prices.
The Nairobi-listed company reported a net profit of KSh188 million for the year ended September 2025, reversing a Ksh562.9 million ($4.4 million) loss in the prior year as commodity pricing improved despite persistent cost pressures.
Sasini revenue climbs 22.5% in return to profitability
The rebound was driven primarily by pricing rather than volume-led expansion or structural cost improvements. Revenue rose 22.5 percent year-on-year to a record Ksh8.44 billion ($65.45 million), extending a post-pandemic recovery that has seen sales double since 2020.
Over a much longer arc, Sasini’s top line has grown more than 35-fold from the early 1990s, underscoring the scale of the group’s long-term agricultural footprint, even if growth has come in uneven bursts tied closely to commodity cycles.
Operating performance improved markedly. Sasini swung to an operating profit of Ksh407.6 million ($3.16 million) from a Ksh680.7 million ($5.28 million) loss in the prior year, helped by stronger pricing and a Ksh156.5 million ($1.21 million) fair value gain on biological assets. That uplift, however, was non-cash and remains sensitive to interest rates and commodity assumptions.
Sasini’s growth and history
Sasini Tea, one of Kenya’s oldest agribusiness companies, maintains active operations across the country, cultivating and processing tea, coffee, avocado, and macadamia nuts.
The company, listed on the Nairobi Securities Exchange and part of Sameer Group, focuses on growing, processing, and marketing high-value crops like tea, coffee, avocado, and macadamia nuts for export, also involved in dairy, forestry, and value addition.
Beneath the profit recovery, cash flow told a more cautious story. Operating cash flow deteriorated sharply to a Ksh450.9 million ($3.5 million) deficit, from a Ksh390.8 million ($3.03 million) inflow a year earlier, largely due to rising working capital needs.
After capital expenditure, free cash flow fell to negative Ksh647 million ($5.02 million), tightening liquidity. Cash balances dropped nearly 40 percent to Ksh559.2 million ($4.34 million), while borrowings of about Ksh498 million ($3.86 million) reappeared on the balance sheet.
Cost pressures remain structural. Cost of sales absorbed almost 88 percent of revenue, limiting operating leverage despite higher prices.
