Sasini PLC

Sasini PLC is a Kenyan agricultural company listed on the Nairobi Securities Exchange, engaged in the growing, processing and marketing of tea and coffee, with substantial biological asset (tea bushes and coffee trees) and land holdings underpinning its balance sheet. Revenue and profitability have been volatile across FY2020-2024, driven by fluctuating global tea and coffee commodity prices, weather conditions affecting crop yields, and fair value movements on biological assets flowing through non-recurring income. FY2024 saw a sharp swing to a net loss attributable to owners, driven by a large increase in cost of sales and administrative expenses relative to revenue growth, alongside a substantial rise in the deferred tax liability tied to a property, plant & equipment revaluation that pushed Total Assets and Total Equity to their highest levels in the period under review.