91-day T-bill8.750%▲ 0.002
182-day T-bill8.851%▼ 0.008
364-day T-bill9.029%▲ 0.002
Central Bank Rate8.75%07/10/2026
Inflation7.3%October 2026
Top MMF yield10.50%Madison
Sources: CBK auction, 2 Nov 2026 value date (change vs 26 Oct); CBK key rates; fund managers' published yields, as at 12 Nov 2026.

Williamson Tea results: back to KSh284m profit, Kapchorua up 38%

Williamson Tea results for the half to September 2026 show a KSh284.1m profit from a loss, while sister firm Kapchorua Tea grew profit 37.9%.

Williamson Tea results statement for the six months ended 30 September 2026
Williamson Tea Kenya PLC unaudited results for the six months ended 30 September 2026. Screenshot: Williamson Tea Kenya PLC

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Williamson Tea Kenya PLC returned to profit in the six months to 30 September 2026, its latest Williamson Tea results show, posting a profit of KSh 284.1 million against a loss of KSh 8.8 million a year earlier. Revenue rose 24.8% to KSh 2.11 billion. Its sister company, Kapchorua Tea Kenya PLC, grew half-year profit 37.9% to KSh 131.2 million.

Both companies are listed on the Nairobi Securities Exchange (NSE) and published unaudited summarised results for the half year. Williamson Tea credited “improved sales realisations and management’s continued focus on operational efficiency and product quality.”

Williamson Tea results in numbers

The Williamson Tea results show profit from operations before tax swung to KSh 260.5 million from a loss of KSh 111.6 million. Gains in the fair value of biological assets rose to KSh 56.9 million from KSh 45.7 million, and the company’s share of profits from associates rose to KSh 52.1 million from KSh 37.7 million.

Williamson Tea, six months to September 2026 2025
Revenue KSh 2.11bn KSh 1.69bn
Profit before tax KSh 396.2m Loss of KSh 23.6m
Profit for the period KSh 284.1m Loss of KSh 8.8m
Earnings per share KSh 7.97 Loss of KSh 0.27
Total assets KSh 12.32bn KSh 8.02bn

Cash is the weaker part of the Williamson Tea results. Cash generated from operations rose to KSh 348.6 million from KSh 106.6 million. Cash and bank balances still fell over the half, from KSh 931.2 million in April to KSh 779.4 million, after the company paid KSh 494.8 million in dividends to shareholders.

Williamson Tea results commentary, prospects and cash flow statement
Commentary, prospects and cash flows in the Williamson Tea Kenya PLC half-year results. Screenshot: Williamson Tea Kenya PLC

Kapchorua Tea profit rises 37.9%

Kapchorua Tea reports alongside the Williamson Tea results, as both share the same company secretary and website. Its turnover rose 12.4% to KSh 932.7 million from KSh 829.9 million. Profit from operations before tax climbed to KSh 133.4 million from KSh 75.2 million, and profit before tax rose to KSh 193.7 million from KSh 136.9 million. Earnings per share rose to KSh 8.39 from a restated KSh 6.08.

The company said that “despite prolonged dry weather earlier in the year,” its performance benefited from improved market conditions and its focus on efficiency and product quality. Cash generated from operations fell to KSh 197.5 million from KSh 268.8 million, and cash balances dropped to KSh 562.4 million after KSh 460.9 million in dividends were paid.

Kapchorua Tea results statement for the half year to 30 September 2026
Kapchorua Tea Kenya PLC unaudited summarised results for the six months ended 30 September 2026. Screenshot: Kapchorua Tea Kenya PLC

What the tea firms expect next

Both companies gave the same cautious outlook. “The outlook remains unpredictable with international conflict and a forecast El Nino weather event affecting macro-economics and markets,” they said in their prospects statements.

The Williamson Tea results come as Kenyan tea exporters regain a key market, reported in our story on the Sudan tea ban being lifted. Neither company announced an interim dividend with these results. Past payouts are listed in our Williamson Tea dividend history and Kapchorua Tea dividend history, and the NSE dividend calendar tracks upcoming dates.

Frequently asked questions

What were Williamson Tea’s half-year results?

For the six months to 30 September 2026, revenue rose 24.8% to KSh 2.11 billion and the company made a profit of KSh 284.1 million, against a loss of KSh 8.8 million a year earlier.

How did Kapchorua Tea perform?

Turnover rose 12.4% to KSh 932.7 million and profit rose 37.9% to KSh 131.2 million, with earnings per share of KSh 8.39.

Did Williamson Tea declare an interim dividend?

The summarised results do not announce an interim dividend. The company paid KSh 494.8 million in dividends during the half.

What risks do the tea companies see?

Both cite international conflict and a forecast El Nino weather event as risks to markets.

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About Author

Norah Waceke is a business journalist and editor at Business Radar with more than eight years of experience covering Kenya's economy, companies and markets. She previously worked at one of Kenya's leading digital news platforms, where she reported on business, finance and current affairs. A graduate of Multimedia University of Kenya, Norah focuses on clear, accurate reporting that helps readers understand the money stories shaping their lives and businesses.

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