Nairobi, Feb. 26 -- Unga Group will not be paying a dividend despite growing its half-year profits by more than six-fold, with management holding onto the cash to sustain its recovery trajectory.

The listed animal and human food processor posted Sh523.1 million in net profit for the six-month period ended December 2025, up from Sh82.1 million a year earlier.

The firm is retaining the profits as it rebuilds its working capital that was eaten up by losses in prior years. Unga started posting profits at the end of 2024 after two years of losses accumulating to Sh1.6 billion.

"Although the group delivered improved fi­nancial performance during the half-year, the directors do not recommend the declaration of a dividend," Unga said.

"T...