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Sasini maintains dividend freeze as profit hits Sh177m
Sasini products. Sasini last paid a dividend of Sh0.5 per share or a total of Sh114.2 million in the year to September 2023 when its net income fell 53.5 percent to Sh542.5 million from the prior year’s Sh1.16 billion.
Agricultural firm Sasini reported a net profit of Sh177.3 million in the year ended September 2025, helped by higher sales and an increase in the value of its plantations.
The company had posted a net loss of Sh562.8 million the year before. Despite the return to profitability, the Nairobi Securities Exchange-listed firm maintained its suspension of dividend payouts for the second year.
“In view of the results, the directors do not recommend the payment of a dividend,” the company said in a statement.
Sasini last paid a dividend of Sh0.5 per share or a total of Sh114.2 million in the year to September 2023 when its net income fell 53.5 percent to Sh542.5 million from the prior year’s Sh1.16 billion.
In the year ended September 2025, sales rose by Sh1.5 billion to Sh8.4 billion as a robust performance in coffee sales compensated for a downturn in tea and avocado divisions.
“The coffee trading unit was the standout performer, achieving its highest ever profits,” Sasini said.
“Despite a decline in the production volumes in coffee estates due to adverse weather, price realisations at the Nairobi Coffee Exchange were exceptions, averaging $6.19 per kilogramme [compared to $4.65 per kilogramme in 2024].”
The company said tea sales suffered from both reduced volumes and depressed prices brought by excess production around the world.
Sasini added that exports of avocado to European markets were constrained by logistical challenges in the wake of conflicts in the Middle East which has affected shipping.
Besides higher sales, the company also benefited from higher valuation of its productive assets and higher margins. The fair value change in its biological assets, a non-cash item, increased to Sh558.7 million from Sh33.9 million.
Sasini also booked a higher gross profit margin of 11.9 percent in the review period from 8.5 percent as the company sought to keep a lid on cost of sales.
The company also sought to contain other operating expenses including through automation of farm processes. Administrative expenses, for instance, declined to Sh1.1 billion from Sh1.16 billion.
Selling and distribution expenses meanwhile shrunk to Sh107.8 million from Sh196.9 million. Sasini saw its finance income drop to Sh61.9 million from Sh261.8 million due to falling interest rates and a reduction in the stock of fixed income assets including bank deposits.
The company said it is holding ample cash as it awaits a better performance in the tea business in the current financial year.
“Looking ahead to 2026, while market volatility remains especially around logistical challenges, the re-opening of key trade routes and our strategic pivot toward high-value coffee and resilient macadamia orchards position us for sustainable growth,” Sasini said.
“We expect a resurgence in our tea business as well in 2026 with focus on premium quality being our main drive.”
