Sasini PLC, a leading Kenyan agribusiness firm, reported a net loss of Sh113.1 million for the half-year ending March 31, 2025, marking its steepest first-half loss since 2020.
The company’s revenue declined by 1.1% to Sh2.96 billion, primarily due to weakened prices in its tea, avocado, and macadamia segments. While the coffee division remained profitable, overall margins were compressed by fair value losses and escalating operational expenses.
A significant factor contributing to the financial setback was the strengthening of the Kenyan shilling, which adversely affected Sasini’s finance income from exports. Additionally, the company faced increased costs in areas such as labor, energy, and logistics, further straining profitability.
Despite the challenging financial landscape, Sasini maintains a cautiously optimistic outlook for the second half of the year, anticipating a potential rebound driven by improved commodity prices and strategic operational adjustments.
Sasini PLC, listed on the Nairobi Securities Exchange under the ticker SASN, operates across multiple agricultural sectors, including tea, coffee, macadamia, and avocado production. The company has been actively pursuing diversification and sustainability initiatives to bolster resilience against market volatilities.
Investors and stakeholders will be closely monitoring Sasini’s performance in the upcoming months, particularly in light of the company’s efforts to navigate the complex interplay of currency fluctuations, global commodity prices, and operational costs.