Carbacid Investments Plc increased its net profit by 12.2 per cent to Sh1.13 billion in the year ended July 2026, supported by gains from its investments in Nairobi and Dar es Salaam stock markets, despite relatively flat revenue from its core business.
The carbon dioxide producer reported a profit after tax of Sh1.12 billion, up from Sh1 billion in the previous financial year, while turnover grew marginally by 0.6 per cent to Sh2.11 billion from Sh2.1 billion.
The improvement in earnings was partly driven by a Sh266.4 million gain from the revaluation of equity investments, more than double the Sh121.2 million recorded in the previous year.
Carbacid said its investments in equities listed on the Nairobi Securities Exchange (NSE) and Dar es Salaam Stock Exchange (DSE) contributed positively to the results, with realised gains of Sh67 million from NSE-listed stocks and unrealised gains of Sh199 million from DSE-listed stocks.
Profit before tax increased by 8.9 percent to Sh1.40 billion from Sh1.29 billion, while the tax charge declined to Sh278.5 million from Sh285.7 million.
The company's operating profit, however, remained virtually unchanged at Sh1.35 billion, reflecting the muted growth in its core operations.
Carbacid attributed the relatively flat turnover to competitive pricing and changes in its sales mix, despite increasing volumes through new customer acquisitions and higher sales to existing customers in East and Southern Africa.
Gross margin remained at 64 per cent, even as the cost of key inputs, including diesel, increased by more than 20 per cent. The company attributed higher transport and other input costs to geopolitical tensions that increased shipping costs and extended delivery lead times.
The directors have proposed a final dividend of Sh2 per share, unchanged from the previous year, translating into a total dividend payout of Sh509.7 million.
Shareholders on record at the close of business on November 27, 2026 will qualify for the dividend, which is expected to be paid on or around December 17, 2026.
The company will hold its annual general meeting virtually on December 17, 2026.
