SKL Plc Holds First AGM as New Facility Remains on Track

At the company's first AGM after listing in July 2025, SKL's leadership said that slower cash conversion cycles have moderated growth and increased the focus on working-capital efficiency and prudent risk management, which has temporarily slowed the construction pace and delayed the completion of the Kisaju facility.

SKL Managing Director Dr. Sonvir Singh however said that despite these challenges, the company is on track to complete construction of the plant, which will serve existing and emerging opportunities for packaging solutions.

Growing Demand Across New Sectors

"We are seeing growing demand for packaging solutions in other areas such as the dairy, herbs, edible oils and confectionery sectors, which will add to the horticulture exports, the floriculture subsector, and the Fast-Moving Consumer Goods (FMCG) and pharmaceuticals oils sectors where we are already well-established," said Dr. Singh.

SKL has so far spent KES 131.9 million on building the factory up to the end of 2025, funded mostly by a KES 117.9 million loan.

The new facility, set on a 2-acre parcel, will have an annual capacity of 22,000 tonnes of packaging materials, up from the current 3,000 tonnes.

Investing for the Next Stage of Growth

"We have also made an investment in IT systems that will help it improve its administration, which is critical for the next stage of growth. In addition, SKL has also started hiring in preparation for the additional capacity that is expected to come on," added SKL Finance Director Mrs. Nirmla Devi.

Financial Performance

SKL Plc reported revenues of KES 351 million in 2025, a 13.5% increase from KES 309 million posted a year earlier, driven by capacity investments. Earnings, on the other hand, reduced from KES 40 million to KES 23 million as a result of rising input costs and tax changes.

In July 2025, SKL listed 50.5 million ordinary shares by introduction on the Nairobi Securities Exchange's SME Market Segment.