Nairobi, Feb. 27 -- Agricultural listed firm Limuru Tea expects to sink deeper into losses by at least 25 percent for the full year ended December 2025, citing rise in wages and decrease in market prices.

In a profit warning issued to shareholders on Friday, the firm said lower global demand for tea amidst high supply in the Kenyan market had resulted in lower tea auction prices which is likely to impact its revenues.

Limuru Tea reported a net loss of Sh15.2 million for the year ended December 2024, indicating it expects its post-taxlosses to reach Sh19 million. Limuru Tea had already reported a net loss of Sh22.2 million in the half year to June 2025,triple the Sh6.7 million loss reported in a similar period in 2024.

"The board is of ...