Kakuzi and I&M Group report strong 2025 financial turnarounds
Two major Kenyan firms have announced strong financial results for the 2025 financial year. Kakuzi Plc bounced back from a loss to post a profit, while I&M Group PLC saw significant growth in earnings and revenue. Both companies highlighted strategic moves to sustain their performance amid ongoing challenges. Kakuzi Plc reported a profit after tax of Sh387.5 million, reversing a Sh131.6 million loss in 2024. The company's total revenue reached Sh5.4 billion, with a pre-tax profit of Sh568 million. Chairman Nicholas Ng'ang'a noted that geopolitical tensions still weigh on its avocado business, a key revenue driver.
The firm credited its recovery to stronger performance across all operations. Managing Director Chris Flowers is now pushing a diversification strategy to expand products and markets, aiming to speed up growth.
Meanwhile, I&M Group PLC recorded a 24 per cent jump in profit after tax, hitting Sh19.8 billion. Total revenue climbed 19 per cent to Sh60.3 billion, supported by a 16 per cent rise in net interest income to Sh46 billion. Non-interest income also grew by 31 per cent, reaching Sh14.4 billion.
Loans and advances at the bank increased by seven per cent to Sh306 billion. The Board recommended a final dividend of Sh2.25 per share, bringing the total payout to Sh3.75 per share—a 25 per cent increase from 2024. Kakuzi Plc's turnaround reflects improved operations, though its avocado sector faces external pressures. I&M Group's growth in profits, revenue, and dividends signals a strong year for the bank. Both companies are now focusing on strategies to maintain momentum in 2026.
