Uchumi Supermarkets has scheduled its first Annual General Meeting (AGM) since 2018 for 29 April 2026. Shareholders will be asked to adopt eight years of previously unadopted financial statements, spanning financial year 2018 through 2025, in a single session.
The Uchumi meeting comes amid the company’s efforts to avoid liquidation, with a Court of Appeal ruling on the disputed KSh 2.38 billion Kasarani land asset remaining the key factor in determining its survival.
This AGM represents a critical step for the company in resolving longstanding financial reporting delays and stabilizing its corporate governance.
Uchumi Supermarket Financial Metrics in year ended 30th June 2025
Uchumi Supermarket financial performance for year ended 30th June 2025 shows that revenue for the year increased substantially to KSh123.0 million, compared to KSh 65.4 million recorded in the previous financial year, representing a growth of approximately 89%.
This improvement in revenue was primarily driven by increased focus on corporate and institutional supply contracts; improved trading activity within the Group’s operating units and strengthening of supplier partnerships which improved product availability.
The growth in revenue reflects the gradual recovery of the Group’s trading activities following restructuring initiatives undertaken during the year and the opening of the Unicity Branch.
Gross profit increased to KSh 30.0 million from KSh 15.5 million in the prior year. The gross profit margin remained relatively stable at approximately 24.4%, compared to 23.7% in 2024. This stability reflects improved procurement management and tighter control over cost of sales despite inflationary pressures affecting supplier pricing.
Other income increased significantly during the year to KSh 68.6 million, compared to KSh 32.1 million in the previous year. The increase was mainly attributable to income generated from the Group’s Langata property which continue to provide critical support to the Group’s operational cash flows while trading activities recover.
The Langata Main Hall was leased to China Square during the financial year. Operating expenses reduced from KSh 199.7 million in 2024 to KSh 91.1 million in 2025, representing a reduction of approximately 54%.
Uchumi Supermarket
Uchumi has held 7 Creditors’ Meetings so far since 13th May,2019. The sixth creditors meeting was held on 17th March 2025. At this meeting, it was resolved that the lifetime of the CVA to coincide with the sale, distribution of proceeds from the Kasarani Mall Limited [KML] 17-acre property and a meeting of the creditors be held to resolve its determination.
The CVA process saw unanimous creditor support for debt restructuring and the extension of repayment terms. The moratorium successfully protected the Company’s assets from forced recovery actions. The sale of the 3-acre KML property was concluded, and a partial conversion of debt to preferential shares took place.
Additionally, the Government (GOK) and Kenya Development Corporation [KDC] debts were converted into long-term, non-interest-bearing loans, which are payable from year 2026.
The Insolvency manager states that investigations conducted by the Office of the Attorney General and the Director of Public Prosecution confirms that Kasarani Mall Limited, has a valid Title. He warns that if Uchumi’s appeal court against this property is unsuccessful, the only other option will be to liquidate Uchumi Supermarkets.
This could also mark the end of 50-year-old Uchumi Supermarkets, one of the most enduring and oldest household retail brands in Kenya. Uchumi still rings a bell with millennials or generation Y, born between 1981 and 1996. Memories of Uchumi also transcends to the GenY, currently between 45 and 64 years.
The Company continues to pursue its legal claim relating to the 17-acre parcel of land belonging to its subsidiary, Kasarani Mall Limited, which remains subject to litigation involving the Kenya Defence Forces (KDF).
In the month of May 2025, the High Court rendered an adverse ruling on the subject mater against the company. Since then, the company launched an appeal in the Court of Appeal. A Senior Counsel has since been appointed to handle the mater.
Uchumi Supermarkets Share Performance
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