NSE-listed agricultural firms Williamson Tea Kenya Plc ($WTK) and Kapchorua Tea Kenya Plc ($KAPC) in week 42 0f 52 (2025) recorded downturns in their share prices following the firms’ issuance of bonus shares. Williamson Tea shed 35.8%, closing the week at KES 193.25, while Kapchorua Tea lost 18.9%, closing at KES 319.50.
Williamson Tea capitalised KES 87.6 million from 17.5 million new shares at KES 5 per share, while Kapchorua Tea capitalised KES 39.1 million, issuing 7.8 million shares. The shares were issued on a ratio of 1:1 – 1 new share for every 1 share held by the shareholder. The slump in the counters’ share prices aligns with the expected market reaction to the bonus issue due to share dilution. The stocks’ prices are also expected to halve. The initiative by the two companies is set to increase liquidity, boost shareholder confidence, and create affordability of the share especially for low-income investors.
In the Oct 16, 2025, trading session, Williamson Tea traded 4,074 shares with a turnover of KES 787,300. Its market capitalization stood at KES 3.38 billion. On the other hand, Kapchorua recorded a trade volume of 57 shares, translating to a turnover of KES 18, 211.50. Williamson and Kapchorua tea companies began the year with share prices of KES 226.50 and KES 235.00, respectively. Williamson Tea has lost 14.7% to date, driven by its poor FY2025 results and the concluded bonus share issuance, while Kapchorua Tea has gained 36% over the same period.
Williamson and Kapchorua Tea companies FY 2025 Results
In the year ended March 31, 2025, Williamson Tea posted a dismal performance. The agricultural firm recorded a net loss of KES 166.4 million compared to a profit of KES 526.9 million in the previous year. Revenue slid by 2% to KES 4.1 billion, while assets contracted by 7.4% to KES 8.4 billion from KES 9 billion in the previous year.
Kapchorua Tea Plc posted an after-tax profit of KES 181.2 million, down 54.6% from KES 399.4 million in the previous year. Revenue rose marginally by 1.1% to reach KES 2.2 billion. Total assets shrank 2.9% to KES 2.8 billion. Notably, net finance income surged 66.7% to KES 44.7 million during the review period.
Earlier, both companies issued a profit warnings forecasting profit declines of more than 25% for the financial year ended March 31, 2025 compared to the previous financial year (2024). The Tea processors attributed the expected profits dip to a fall in market prices and stability in the Kenyan shilling.
Despite the weak financial results, Williamson Tea Kenya board of directors recommended a first and final dividend of KES 10 per ordinary share, while Kapchorua tea declared a KES 25 dividend per share.
Also Read: NSE Trading Action on 16th October 2025: Kenya Power Leads Gainers as Kapchorua Tea Extends Losses
