Kakuzi expects lower 2026 earnings on weak macadamia market

Nairobi, Kenya – Agricultural company Kakuzi Plc has announced that its 2026 earnings will significantly decline compared to the previous year due to weak macadamia prices and a smaller harvest. In a revised profit warning on October 21, the firm stated that the earnings drop is more severe than initially projected in August, when it warned of a potential 25% decrease.

Kakuzi had earned Sh387.6 million in the prior financial year, and a 25% reduction would have resulted in profits dropping below Sh290.7 million. The company has not disclosed the exact new earnings estimate or the additional extent of profit decline. Kakuzi cited the persistent downturn in the macadamia market and reduced production volumes as the reasons for the weakened outlook, stating, "Net earnings to be significantly below the previous year as a result of the continued downturn in the macadamia market and a lower macadamia crop." Macadamia is among Kakuzi's primary agricultural offerings, alongside avocados, tea, and livestock.