Income Statement Sasini PLC

Stocks

SASN

KE0000000430

Food Processing

End-of-day quote Nairobi S.E. 2026-10-06			5-day change	1st Jan Change
24.40 ^KES	-1.01%		+5.17%	+36.69%

06-01	Sasini PLC Reports Earnings Results for the Half Year Ended March 31, 2026	CI
01-11	Sasini PLC Reports Earnings Results for the Full Year Ended September 30, 2025	CI

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Published financial data: SASINI PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: September	2021 (KES)	2022 (KES)	2023 (KES)	2024 (KES)	2025 (KES)
Revenues	5.26B	7.35B	5.72B	6.89B	8.44B
Total Revenues	5.26B	7.35B	5.72B	6.89B	8.44B
Cost of Goods Sold, Total	3.99B	5.35B	4.12B	6.12B	7.19B
Gross Profit	1.27B	2B	1.6B	774M	1.25B
Selling General & Admin Expenses, Total	981M	1.04B	1.05B	1.32B	1.18B
Provision for Bad Debts	-	-	-	10.3M	-21M
Other Operating Expenses	-229M	-141M	-105M	-36.46M	-27.84M
Other Operating Expenses, Total	752M	901M	946M	1.29B	1.13B
Operating Income	516M	1.1B	651M	-521M	118M
Interest Expense, Total	-14.12M	-14.16M	-23.78M	-48.64M	-121M
Interest And Investment Income	29.24M	59.52M	106M	65.68M	61.43M
Net Interest Expenses	15.12M	45.36M	82.09M	17.04M	-59.45M
Currency Exchange Gains (Loss)	31.9M	60.96M	130M	-10.74M	-4.14M
EBT, Excl. Unusual Items	563M	1.2B	862M	-514M	54.42M
Gain (Loss) On Sale Of Investments	-	-	-	24.74M	-
Gain (Loss) On Sale Of Assets	498K	3.84M	10.38M	2.9M	-2.53M
Asset Writedown	204M	346M	367K	-188M	292M
EBT, Incl. Unusual Items	768M	1.55B	873M	-674M	344M
Income Tax Expense	195M	385M	330M	-112M	167M
Earnings From Continuing Operations	573M	1.17B	543M	-563M	177M
Earnings Of Discontinued Operations	-	-	-	-	10.69M
Net Income to Company	573M	1.17B	543M	-563M	188M
Minority Interest	-5.36M	-1.63M	7.07M	10.55M	4.07M
Net Income - (IS)	568M	1.17B	550M	-552M	192M
Net Income to Common Incl Extra Items	568M	1.17B	550M	-552M	192M
Net Income to Common Excl. Extra Items	568M	1.17B	550M	-552M	181M
Per Share Items
Net EPS - Basic	2.49	5.11	2.41	-2.42	0.84
Basic EPS - Continuing Operations	2.49	5.11	2.41	-2.42	0.8
Basic Weighted Average Shares Outstanding	228M	228M	228M	228M	228M
Net EPS - Diluted	2.49	5.11	2.41	-2.42	0.84
Diluted EPS - Continuing Operations	2.49	5.11	2.41	-2.42	0.8
Diluted Weighted Average Shares Outstanding	228M	228M	228M	228M	228M
Normalized Basic EPS	1.52	3.29	2.39	-1.36	0.17
Normalized Diluted EPS	1.52	3.29	2.39	-1.36	0.17
Dividend Per Share	1	1	1.5	-	-
Payout Ratio	20.08	29.33	41.49	-20.65	-
Supplemental Items
EBITDA	740M	1.34B	918M	-253M	378M
EBITA	516M	1.1B	651M	-521M	118M
EBIT	516M	1.1B	651M	-521M	118M
EBITDAR	-	-	928M	-243M	388M
Effective Tax Rate - (Ratio)	25.37	24.79	37.85	16.54	48.46
Current Domestic Taxes	-	-	-	114M	128M
Total Current Taxes	94.06M	370M	320M	114M	128M
Deferred Domestic Taxes	-	-	-	-225M	45.06M
Total Deferred Taxes	101M	14.48M	8.96M	-225M	45.06M
Normalized Net Income	347M	750M	546M	-311M	38.09M
Interest on Long-Term Debt	2.88M	744K	6.75M	6.02M	5.08M
Non-Cash Pension Expense	20.26M	15.33M	16.92M	21.28M	23.49M
Supplemental Operating Expense Items
Selling and Marketing Expenses	48.21M	44.37M	46.51M	197M	108M
Net Rental Expense, Total	-	-	9.94M	9.86M	10.03M
Imputed Operating Lease Interest Expense	-	-	26.65M	58.93M	33.2M
Imputed Operating Lease Depreciation	-	-	-16.71M	-49.06M	-23.17M
Maintenance & Repair Expenses, Total	-	-	-	487M	479M

Fiscal Period: September	2021 (KES)	2022 (KES)	2023 (KES)	2024 (KES)	2025 (KES)
Assets
Cash And Equivalents	822M	1.09B	871M	929M	559M
Short Term Investments	-	467M	2.32M	-	3.58M
Total Cash And Short Term Investments	822M	1.56B	873M	929M	563M
Accounts Receivable, Total	395M	437M	765M	715M	1.23B
Other Receivables	379M	223M	204M	330M	398M
Total Receivables	773M	660M	970M	1.04B	1.63B
Inventory	485M	739M	1.22B	846M	1.15B
Prepaid Expenses	148M	159M	130M	117M	268M
Other Current Assets, Total	310M	197M	223M	222M	4.11B
Total Current Assets	2.54B	3.31B	3.41B	3.16B	7.72B
Gross Property Plant And Equipment	13.64B	14.04B	14.17B	22.5B	18.97B
Accumulated Depreciation	-1.06B	-1.28B	-1.54B	-643M	-870M
Net Property Plant And Equipment	12.58B	12.75B	12.63B	21.86B	18.1B
Long-term Investments	-	278M	248M	159M	102M
Other Intangibles, Total	21.84M	14.53M	8.9M	8.55M	6.85M
Deferred Tax Assets Long-Term	3K	-	-	-	-
Other Long-Term Assets, Total	-	-	-	-	-
Total Assets	15.14B	16.36B	16.3B	25.18B	25.93B
Liabilities
Accounts Payable, Total	30.81M	16.65M	42.64M	96.13M	99.07M
Accrued Expenses, Total	8.53M	10.61M	14.87M	17.55M	13.85M
Short-term Borrowings	-	-	28.88M	-	498M
Current Portion of Leases	17.7M	10.16M	6.64M	8.53M	10.74M
Current Income Taxes Payable	-	238M	-	80.16M	19.34M
Other Current Liabilities	341M	493M	326M	326M	423M
Total Current Liabilities	398M	769M	419M	528M	1.06B
Long-Term Leases	-	48.87M	47.36M	38.84M	28.1M
Pension & Other Post Retirement Benefits	146M	130M	117M	144M	182M
Deferred Tax Liability Non Current	1.16B	1.17B	1.18B	3.23B	3.25B
Total Liabilities	1.7B	2.11B	1.76B	3.94B	4.53B
Common Stock, Total	228M	228M	228M	228M	228M
Retained Earnings	2.64B	3.42B	3.84B	3.54B	2.74B
Comprehensive Income and Other	10.27B	10.29B	10.18B	16.96B	17.92B
Total Common Equity	13.14B	13.94B	14.25B	20.73B	20.89B
Minority Interest	307M	300M	293M	520M	516M
Total Equity	13.44B	14.24B	14.54B	21.25B	21.41B
Total Liabilities And Equity	15.14B	16.36B	16.3B	25.18B	25.93B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	228M	228M	228M	228M	228M
ECS Total Common Shares Outstanding	228M	228M	228M	228M	228M
Book Value / Share	57.6	61.13	62.47	90.89	91.61
Tangible Book Value	13.11B	13.93B	14.24B	20.72B	20.88B
Tangible Book Value Per Share	57.51	61.07	62.43	90.85	91.58
Total Debt	17.7M	59.03M	82.88M	47.36M	537M
Net Debt	-804M	-1.5B	-791M	-882M	-25.82M
Debt Equivalent Oper. Leases	-	-	79.52M	78.9M	80.23M
Minority Interest, Total (Incl. Fin. Div)	307M	300M	293M	520M	516M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	-	241M	335M	319M	335M
Inventories - Work In Process, Total	-	-	-	-	-
Inventories - Finished Goods, Total	329M	498M	882M	527M	817M
Inventories - Others	156M	-	-	-	-
Land - (BS)	8.82B	8.82B	8.8B	17.85B	14.17B
Buildings, Total	1.2B	1.18B	1.28B	1.24B	1.22B
Machinery, Total	1.55B	1.65B	1.86B	1.38B	1.45B
Full Time Employees	2.48K	2.57K	2.3K	2.26K	2.34K
Accumulated Allowance for Doubtful Accounts (Supple)	65.62M	56.46M	43.17M	53.47M	32.47M

Fiscal Period: September	2021 (KES)	2022 (KES)	2023 (KES)	2024 (KES)	2025 (KES)
Net Income	568M	1.17B	550M	-552M	192M
Depreciation & Amortization - CF	240M	260M	278M	278M	260M
Depreciation & Amortization, Total	240M	260M	278M	278M	260M
Amortization of Deferred Charges, Total - (CF)	6.16M	7.74M	5.87M	4.76M	-
(Gain) Loss From Sale Of Asset	-498K	-3.84M	-10.38M	-2.9M	2.53M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-1.94M
Asset Writedown & Restructuring Costs	-237M	-97.71M	125M	410M	-208M
Net Cash From Discontinued Operations	-	-	-	-	0
Other Operating Activities, Total	148M	170M	-359M	-174M	-8.52M
Change In Accounts Receivable	-378M	96.79M	-253M	-62.13M	-738M
Change In Inventories	82.76M	-254M	-478M	371M	-305M
Change In Accounts Payable	53.76M	139M	-141M	53.03M	99.65M
Change in Other Net Operating Assets	-	-	-	-	-
Cash from Operations	483M	1.48B	-283M	325M	-708M
Capital Expenditure	-133M	-194M	-334M	-236M	-196M
Sale of Property, Plant, and Equipment	2M	10.15M	38.53M	6.83M	20.62M
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-9.06M	-424K	-242K	-	-2.15M
Investment in Marketable and Equity Securities, Total	-	-756M	494M	110M	68.95M
Other Investing Activities, Total	29.24M	59.52M	106M	44.21M	61.43M
Cash from Investing	-111M	-880M	305M	-74.8M	-47.22M
Short Term Debt Issued, Total	970M	853M	817M	1.67B	4.27B
Total Debt Issued	970M	853M	817M	1.67B	4.27B
Short Term Debt Repaid, Total	-970M	-853M	-788M	-1.7B	-3.77B
Long-Term Debt Repaid, Total	-15.95M	-17.7M	-5.03M	-6.64M	-8.53M
Total Debt Repaid	-986M	-870M	-793M	-1.7B	-3.78B
Common Dividends Paid	-114M	-342M	-228M	-114M	-
Common & Preferred Stock Dividends Paid	-114M	-342M	-228M	-114M	-
Other Financing Activities, Total	-14.12M	-22.42M	-17.03M	-42.62M	-116M
Cash from Financing	-144M	-382M	-221M	-192M	374M
Foreign Exchange Rate Adjustments	-	44.68M	-17.44M	-	-
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	228M	266M	-217M	58.34M	-381M
Supplemental Items
Cash Interest Paid	16.99M	14.16M	23.78M	48.64M	121M
Cash Income Tax Paid (Refund)	11.69M	128M	586M	33.6M	188M
Levered Free Cash Flow	142M	1.09B	-817M	137M	-4.83B
Unlevered Free Cash Flow	151M	1.1B	-802M	167M	-4.76B
Change In Net Working Capital	276M	-338M	1.16B	-446M	4.89B
Net Debt Issued / Repaid	-15.95M	-17.7M	23.85M	-35.52M	490M

Fiscal Period: September	2021 (KES)	2022 (KES)	2023 (KES)	2024 (KES)	2025 (KES)
Profitability
Return on Assets	2.17	4.35	2.49	-1.57	0.29
Return on Total Capital	2.43	4.94	2.81	-1.85	0.34
Return On Equity %	4.33	8.44	3.77	-3.21	0.83
Return on Common Equity	4.39	8.61	3.9	-3.22	0.87
Margin Analysis
Gross Profit Margin %	24.11	27.2	27.91	11.22	14.78
SG&A Margin	18.65	14.19	18.37	19.15	13.96
EBITDA Margin %	14.07	18.25	16.06	-3.66	4.47
EBITA Margin %	9.81	14.93	11.38	-7.55	1.4
EBIT Margin %	9.81	14.93	11.38	-7.55	1.4
Income From Continuing Operations Margin %	10.89	15.9	9.49	-8.16	2.1
Net Income Margin %	10.79	15.88	9.61	-8.01	2.28
Net Avail. For Common Margin %	10.79	15.88	9.61	-8.01	2.15
Normalized Net Income Margin	6.59	10.21	9.55	-4.51	0.45
Levered Free Cash Flow Margin	2.7	14.81	-14.29	1.98	-57.25
Unlevered Free Cash Flow Margin	2.87	14.94	-14.03	2.43	-56.36
Asset Turnover
Asset Turnover	0.35	0.47	0.35	0.33	0.33
Fixed Assets Turnover	0.42	0.58	0.45	0.4	0.42
Receivables Turnover (Average Receivables)	17.67	17.67	9.51	9.31	8.67
Inventory Turnover (Average Inventory)	7.59	8.74	4.22	5.93	7.2
Short Term Liquidity
Current Ratio	6.38	4.31	8.14	5.98	7.26
Quick Ratio	4.01	2.88	4.39	3.74	2.06
Operating Cash Flow to Current Liabilities	1.21	1.93	-0.68	0.62	-0.67
Days Sales Outstanding (Average Receivables)	20.66	20.66	38.37	39.3	42.11
Days Outstanding Inventory (Average Inventory)	48.11	41.77	86.58	61.67	50.68
Average Days Payable Outstanding	3.11	1.55	2.35	4.42	4.75
Cash Conversion Cycle (Average Days)	65.66	60.88	122.6	96.56	88.04
Long Term Solvency
Total Debt/Equity	0.13	0.41	0.57	0.22	2.51
Total Debt / Total Capital	0.13	0.41	0.57	0.22	2.45
LT Debt/Equity	-	0.34	0.33	0.18	0.13
Long-Term Debt / Total Capital	-	0.34	0.32	0.18	0.13
Total Liabilities / Total Assets	11.22	12.93	10.8	15.63	17.45
EBIT / Interest Expense	36.57	77.43	27.36	-10.7	0.98
EBITDA / Interest Expense	53.54	95.78	39.04	-4.99	3.12
(EBITDA - Capex) / Interest Expense	44.13	82.11	25.01	-9.85	1.5
Total Debt / EBITDA	0.02	0.04	0.09	-0.2	1.42
Net Debt / EBITDA	-1.06	-1.1	-0.85	3.63	-0.07
Total Debt / (EBITDA - Capex)	0.03	0.05	0.14	-0.1	2.96
Net Debt / (EBITDA - Capex)	-1.29	-1.29	-1.33	1.84	-0.14
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	26.92	36.28	-22.15	20.55	23.46
Gross Profit, 1 Yr. Growth %	74.93	66.16	-20.1	-49.49	98.96
EBITDA, 1 Yr. Growth %	264.45	81.11	-31.5	-127.5	-196.42
EBITA, 1 Yr. Growth %	-12.27K	112.42	-40.66	-180.03	-117.55
EBIT, 1 Yr. Growth %	-12.27K	112.42	-40.66	-180.03	-117.55
Earnings From Cont. Operations, 1 Yr. Growth %	4.45K	103.77	-53.55	-203.74	-131.86
Net Income, 1 Yr. Growth %	3.39K	105.41	-52.88	-200.49	-134.78
Normalized Net Income, 1 Yr. Growth %	6.21K	116.39	-27.21	-156.95	-109.39
Diluted EPS Before Extra, 1 Yr. Growth %	3.39K	105.41	-52.88	-200.49	-133.22
Accounts Receivable, 1 Yr. Growth %	96.26	10.75	75.14	-6.56	72.33
Inventory, 1 Yr. Growth %	-14.58	52.41	64.63	-30.47	36.11
Net Property, Plant and Equip., 1 Yr. Growth %	0.12	1.34	-0.96	73.08	-17.17
Total Assets, 1 Yr. Growth %	3.88	8.01	-0.35	54.52	2.97
Tangible Book Value, 1 Yr. Growth %	3.02	6.19	2.23	53.13	0.8
Common Equity, 1 Yr. Growth %	3.04	6.12	2.19	53.09	0.79
Cash From Operations, 1 Yr. Growth %	-2.67	217.29	-119.1	-214.76	-329.33
Capital Expenditures, 1 Yr. Growth %	-31.81	45.67	72.29	-29.2	-16.97
Levered Free Cash Flow, 1 Yr. Growth %	59.6	666.56	-175.09	-116.75	-12.17K
Unlevered Free Cash Flow, 1 Yr. Growth %	54.01	627.58	-173.13	-120.85	-6.85K
Dividend Per Share, 1 Yr. Growth %	-	0	50	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	37.21	33.11	3	-3.12	21.49
Gross Profit, 2 Yr. CAGR %	118.64	65.99	15.22	-37.77	-9.73
EBITDA, 2 Yr. CAGR %	36.82	156.92	11.38	-56.6	-35.87
EBITA, 2 Yr. CAGR %	-3.39	1.51K	12.27	-31.09	-57.41
EBIT, 2 Yr. CAGR %	-3.39	1.51K	12.27	-31.09	-57.41
Earnings From Cont. Operations, 2 Yr. CAGR %	30.28	862.61	-2.71	-30.58	-42.83
Net Income, 2 Yr. CAGR %	33.75	746.72	-1.62	-31.19	-40.88
Normalized Net Income, 2 Yr. CAGR %	6.42	1.07K	25.5	-35.62	-73.59
Diluted EPS Before Extra, 2 Yr. CAGR %	33.75	746.73	-1.62	-31.19	-42.55
Accounts Receivable, 2 Yr. CAGR %	92.6	47.43	39.27	27.93	26.9
Inventory, 2 Yr. CAGR %	-22.18	14.1	58.4	6.99	-2.72
Net Property, Plant and Equip., 2 Yr. CAGR %	-0.68	0.73	0.18	30.92	19.73
Total Assets, 2 Yr. CAGR %	1.58	5.92	3.75	24.09	26.14
Tangible Book Value, 2 Yr. CAGR %	2.15	4.6	4.19	21.97	24.24
Common Equity, 2 Yr. CAGR %	2.19	4.57	4.14	21.94	24.22
Cash From Operations, 2 Yr. CAGR %	9.94	72.91	-22.15	-53.18	58.03
Capital Expenditures, 2 Yr. CAGR %	-16.85	-0.33	58.42	10.45	-23.33
Levered Free Cash Flow, 2 Yr. CAGR %	-44.66	249.77	139.92	-64.54	143.19
Unlevered Free Cash Flow, 2 Yr. CAGR %	-42.37	234.75	130.67	-60.96	143.5
Dividend Per Share, 2 Yr. CAGR %	41.42	-	22.47	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	14.39	38	11.32	8.55	4.74
Gross Profit, 3 Yr. CAGR %	12.78	96	30.09	-13.67	-14.52
EBITDA, 3 Yr. CAGR %	23	50.23	65.36	-30.12	-34.45
EBITA, 3 Yr. CAGR %	25.16	25.62	435.28	0.29	-52.43
EBIT, 3 Yr. CAGR %	25.16	25.62	435.28	0.29	-52.43
Earnings From Cont. Operations, 3 Yr. CAGR %	24.99	51.22	250.46	-0.6	-46.65
Net Income, 3 Yr. CAGR %	24.32	54.31	223.27	-0.92	-45.19
Normalized Net Income, 3 Yr. CAGR %	15.43	34.82	363.23	-3.56	-62.97
Diluted EPS Before Extra, 3 Yr. CAGR %	24.32	54.31	223.27	-0.92	-46.22
Accounts Receivable, 3 Yr. CAGR %	2.96	60.16	56.14	21.92	41.29
Inventory, 3 Yr. CAGR %	5.61	-2.64	28.93	20.38	15.93
Net Property, Plant and Equip., 3 Yr. CAGR %	6.97	-0.01	0.16	20.21	12.39
Total Assets, 3 Yr. CAGR %	5.32	3.68	3.79	18.48	16.61
Tangible Book Value, 3 Yr. CAGR %	6	3.48	3.8	16.47	14.46
Common Equity, 3 Yr. CAGR %	6	3.48	3.77	16.42	14.43
Cash From Operations, 3 Yr. CAGR %	14.2	54.85	-17.03	-11.4	-21.86
Capital Expenditures, 3 Yr. CAGR %	-32.04	0.24	19.62	21.12	0.43
Levered Free Cash Flow, 3 Yr. CAGR %	-12.81	32.9	109.44	-1.22	64.37
Unlevered Free Cash Flow, 3 Yr. CAGR %	-10.59	34.19	101.61	3.51	63.07
Dividend Per Share, 3 Yr. CAGR %	0	25.99	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	8.06	11.82	10.22	19.79	15.28
Gross Profit, 5 Yr. CAGR %	7.73	15.46	12.54	23.87	11.47
EBITDA, 5 Yr. CAGR %	14.26	27.16	18.21	-8.57	13.21
EBITA, 5 Yr. CAGR %	15.43	32.59	19.83	-1.2	94.48
EBIT, 5 Yr. CAGR %	15.43	32.59	19.83	-1.2	94.48
Earnings From Cont. Operations, 5 Yr. CAGR %	-0.13	28.04	13.07	10.76	69.68
Net Income, 5 Yr. CAGR %	-0.68	27.5	13.21	11.71	63.84
Normalized Net Income, 5 Yr. CAGR %	8.31	24.01	19.36	0.31	47.3
Diluted EPS Before Extra, 5 Yr. CAGR %	-0.68	27.5	13.21	11.71	61.98
Accounts Receivable, 5 Yr. CAGR %	22.35	-4.88	16.18	46.39	43.71
Inventory, 5 Yr. CAGR %	5.87	21.06	24.2	1.1	15.19
Net Property, Plant and Equip., 5 Yr. CAGR %	4.61	4.59	4.2	11.37	7.57
Total Assets, 5 Yr. CAGR %	2.93	4.39	4.69	11.41	12.21
Tangible Book Value, 5 Yr. CAGR %	3.52	4.82	5.27	10.52	10.41
Common Equity, 5 Yr. CAGR %	3.54	4.83	5.25	10.5	10.38
Cash From Operations, 5 Yr. CAGR %	2.41	45.37	-2.66	-4.03	7.36
Capital Expenditures, 5 Yr. CAGR %	-2.62	-4.05	-4.66	4.2	0.12
Levered Free Cash Flow, 5 Yr. CAGR %	29.99	20.46	30.71	-21.65	122.33
Unlevered Free Cash Flow, 5 Yr. CAGR %	30.3	21.04	30.63	-18.11	117.42
Dividend Per Share, 5 Yr. CAGR %	-7.79	0	8.45	-	-