Williamson Tea Kenya, a listed agricultural firm at the Nairobi Securities Exchange(NSE), has delivered a strong earnings turnaround to KSh 120.8 million at the close of its financial year ended 31st March 2026. This is compared to a net loss of KSh 166.44 million.
This profit is attributed to higher biological asset fair value gains, stronger finance income and associate earnings while operation loss narrowed to KSh 41.60m from KSh 392.22m at the close of March 2025.
Williamson Tea Shareholders to receive huge dividends
Shareholders of the firm have thus been significantly rewarded with the firm’s directors recommending a final dividend of KSh 15.00 per share, three times the KSh 5.00 per share payout in 2025. A higher dividend payout signals confidence by the management in Williamson Tea financial position and future cash-generating ability.
While the firm’s fortunes are on the upside, Williamson Tea Revenue declined 17.2% to KSh 3.4 billion on the back of lower tea production which weighed down on sales. Tea production was hit by adverse weather conditions and tougher quality controls on bought leaf.
According to the financials, the tea firm’s turnaround was boosted by a combination of higher operational efficiency, gains on the value of its biological assets, stronger finance income and increased income from associates.
The decline in operating loss, according to analysts, suggests that Williamson Tea management has made significant progress in curbing excess operating expenses, despite a lacklustre sales performance.
The Balance Sheet Size grew 48.9% from KSh 8.37 billion in 2025 to KSh 12.26 billion at the end of the 2026 financial year while shareholders’ funds were up 58.2% to KSh 10 billion. Borrowings by the firm fell significantly by 49.4% to KSh 51.95m from KSh102.65m in 2025 while cash balances rose by 13.8% to KSh 931.22m from KSh 818.02m in 2025.
Earnings per Share, an indicator of a firm’s profitability improved from negative (KSh 4.38) to KSh 3.31. While Williamson Tea shares, like all other agricultural stocks cyclical with market pundits pointing to a trend of investors offloading as price appreciates due to profit numbers. However, there are those who will still prefer to hold Williamson Tea until the handsome dividends are paid out.
Kapchorua Tea Kenya, an associate of Williamson Tea saw its net profit rise 8.7% to KSh 196.94m while the Balance Sheet size grew 60% to KSh 4.52 billion. Gains from operations before tax rose 40.2% to KSh 163.43m.
Kapchorua Tea Kenya Plc has declared a first and final dividend of KSh 30.00 per share for the 2026 financial year, representing a 20% increase from the KSh 25.00 paid in 2025 financial year.
Following the 1:1 bonus issue issued during, 2026, the dividend translates to an adjusted like-for-like increase of 140%, highlighting a significant enhancement in shareholder returns.
Kapchorua Tea has now maintained an uninterrupted dividend record spanning more than 37 years, reinforcing its position as one of the NSE’s most consistent dividend-paying companies.
Recent dividend history include KSh 30 in 2026; KSh 25 plus 1:1 bonus issue in 2025, Â KSh 25.00 in 2024, KSh 25 in 2023 and KSh 19 between 2018 and 2022.
While dividend amounts fluctuate with business performance, companies that maintain a long record of returning capital to shareholders often demonstrate disciplined capital allocation and a strong commitment to shareholder value. For dividend growth investors, Kapchorua Tea remains one of the standout names on the Nairobi Securities Exchange.
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