Limuru Tea PLC has issued a profit warning expecting at least a 25% decline in its net earnings in FY2025 compared to the previous year.
The agricultural firm joins 11 other listed companies that have issued statements anticipating profit declines for the FY 2025, in line with Capital Markets Authority (CMA) regulations.
Limuru Tea’s Board of Directors attributed the projected decline to high operational costs, driven by rising labor costs amid higher wages, as well as unfavorable market conditions reflected in subdued tea prices due to weak global demand.
Limuru Tea PLC FY2024 Performance
In the year ended December 31, 2024, the tea processor recorded a net loss of KES 15.2 million, reversing from a KES 8.1 million net profit in FY2023. Sales edged up 4.5% to KES 144 million. The firm produced 3.7 million kilograms of green leaf tea, which was processed into 811,000 kilograms of black tea.
Also Read: Limuru Tea Appoints New Directors Effective October 15, 2025
