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Home Corporate News

Eaagads Posts Strong Performance for FY24/25

Winfred Wanja by Winfred Wanja
in Corporate News, Earnings Update
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Eaagads Limited showed its strength and focus by achieving steady growth for the year ending 31 March 2025. Despite challenges such as global economic uncertainty, changing exchange rates, and climate-related issues affecting farming, the company remained on track with its goals and continued to invest in sustainable practices.

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“This year came with its fair share of challenges which included rising inflation, higher input costs, and disruptions in the supply chain,” said the EAAGADS Chairman. “Despite these difficulties, EAAGADS remained focused on efficiency and maintained the high quality of our products. We made strong progress in adopting environmentally friendly practices and investing in sustainable farming technologies, which are essential for the future of our business. I am grateful to our shareholders, employees, and partners for their continued trust and support. As a company, we are committed to long-term growth, and we will continue to operate in a way that respects both the environment and the communities we serve.”

The Directors’ Report outlined several operational successes for the year ending 31 March 2025. EAAGADS recorded a modest rise in revenue, largely driven by improved coffee yields and stronger market demand. Production volumes increased by 6%, supported by the expansion of organic farming and improved agricultural practices. The company also implemented cost control measures that reduced administrative expenses by 4.5%.

These actions, combined with disciplined capital management, contributed to a stronger financial position. EAAGADS continued to focus on sustainability and operational efficiency. Good governance practices remained a priority throughout the year. The Board expressed confidence in the company’s growth strategy. They also committed to exploring new export opportunities. Efforts to improve resilience against climate-related risks are ongoing.

A key highlight of the year came from the independent auditors, who issued a clean, unqualified opinion on the company’s financial statements. The auditors confirmed that EAAGADS’ financial reporting complied with International Financial Reporting Standards (IFRS) and that the statements provided a true and fair view of the company’s financial health.

Their report noted no material misstatements and confirmed full compliance with regulatory and statutory requirements. This continued vote of confidence from the auditors reflects the integrity and transparency that EAAGADS upholds in its financial management practices.

Revenue was primarily earned through the sale of coffee, which saw a year-on-year increase of 3.2%, driven by both price improvements and increased volumes. The valuation of biological assets, specifically the company’s coffee bushes, was updated based on productivity and maturity, with a fair value of KES 82.5 million recorded as at 31 March 2025.

The company maintained its low-debt status, relying mostly on short-term financing for seasonal operations. Additionally, capital investments were made in modernizing processing equipment and installing a rainwater harvesting system to support irrigation efforts—initiatives aligned with the company’s broader sustainability goals.

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Looking ahead, EGAADS is optimistic about its growth trajectory and remains dedicated to delivering value through innovation, sustainability, and operational discipline. Plans for the coming year include expanding the use of digital technologies for product traceability, increasing organic certification coverage, and continuing to build resilience against climate-related agricultural risks. The Directors emphasized that EAAGADS’ long-term strategy is rooted in responsible stewardship of resources, continuous improvement, and community empowerment.

EAAGADS Limited closes the year with renewed purpose and a clear roadmap for the future. By balancing profitability with sustainability, and tradition with innovation, the company continues to establish itself as a leader in Kenya’s agricultural sector.

Also read: Eaagads Limited Records Profit of Kes 4.7 million in Q12021

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