Carbacid Investments, the carbon dioxide supplier listed on the Nairobi Securities Exchange, has reported a 7% rise in half-year profits to Sh465 million, driven by revaluation gains on equity investments even as falling interest rates eroded returns on its bonds and cash deposits.
The company reported half-year net profit of Sh435 million a year earlier.
Carbacid Investments, which supplies CO₂ gas to the beverages, food and industrial sectors across the region, grew revenue by 4 per cent to Sh976 million in the six months to January 31, 2026, with East African markets providing the main engine of growth.
Its Southern Africa operations, however, struggled and was weighed down by sluggish seasonal demand and a surge in local supply from competitors.
Administration costs climbed 15 per cent as the company invested in customer retention initiatives and what it described as "long-term strategy enablers”.
On the balance sheet, the company continued to repay debt taken on to fund earlier investments in plant and logistics, helping to reduce borrowing costs during the period.
The management said that new entrants have moved into its core markets, intensifying competition and forcing the company to sharpen its focus on customer experience and delivery reliability.
The board said it was exploring opportunities to expand into new areas, though it offered no specifics
