Car & General net profit up four-fold to Sh2.6bn

Nairobi, Kenya - Car & General (C&G) reported a significant surge in net profit, more than quadrupling to Sh2.6 billion for the half year ending June 30, 2026, according to wire material. This growth is attributed to increased sales across Kenya, Uganda, and Tanzania. The company's profit after tax rose from Sh637 million in the same period last year. C&G, specializing in motorcycles, tuk-tuks, and other products, saw sales increase by 40% in Kenya, 35% in Uganda, and 22% in Tanzania.

C&G Chairman Nicholas Ng’ang’a noted that profits from their associate, Watu, grew substantially, primarily due to the expansion of mobile-phone financing and robust performance in several African countries. Ng’ang’a also highlighted a stable exchange rate as a contributing factor to the improved financial performance. In Kenya, the company sold 12,000 motorcycles per month in 2026, up from 7,000 units per month in 2025.

Additionally, sales of two-wheelers and three-wheelers in Tanzania showed improvement. Ng’ang’a mentioned that the poultry operation in Tanzania has stabilized and is performing positively, with production of day-old chicks and demand remaining steady, leading to limited sales growth for now. However, he anticipates further growth in production during the latter half of the year.

The C&G directors approved an interim dividend of Sh1 per share, payable on or around September 10, 2026, to shareholders registered as of September 3, 2026.