Quickmart NSE Listing plans are set to introduce 50.0% of the retailer’s issued ordinary share capital to the Nairobi Securities Exchange (NSE). The proposed transaction involves the sale of 2.0 bn existing shares by Sokoni Retail Kenya Limited (SRKL), the company’s sole shareholder. Quickmart will not receive proceeds from the offer, as the transaction is structured as an offer for sale. The listing remains subject to market conditions and approval by the Capital Markets Authority (CMA) and the NSE.
Quickmart NSE Listing Highlights Strong Financial Growth
Quickmart has recorded sustained growth in revenue and profitability over the past five years. Revenue increased to Kshs 50.4 bn in FY2025 from Kshs 25.7 bn in FY2021, representing a revenue CAGR of 18.4%. Adjusted net profit also increased from Kshs 448.1 mn to Kshs 1.7 bn over the same period. In H1 2026, revenue reached Kshs 27.3 bn, while adjusted net profit stood at Kshs 976.1 mn.
The company’s financial performance has also supported strong capital efficiency. Quickmart reported a return on invested capital of 42.8% in FY2025. Its asset-light operating model, rapid inventory turnover and supplier-led distribution network support efficient working capital management. The company reported structurally negative working capital of Kshs 4.0 bn as at 30 June 2026.
Quickmart NSE Listing Supports Expansion Plans
Quickmart operates 72 stores across 16 counties, following the opening of 4 additional stores in July and August 2026. The retailer plans to open 10–15 new stores annually and targets more than 100 stores over the medium term. Its expansion strategy also focuses on like-for-like sales growth, category management, private-label products and digital channels such as Q-SOKO.
The company’s strong customer base provides additional support for its growth strategy. Q-Points membership increased to approximately 2.5 mn by June 2026. Members accounted for approximately 74.0% of sales in FY2025 and H1 2026, while their average basket value was about 2.5 times that of non-registered customers. This customer data gives Quickmart a platform for targeted promotions and personalised retail offerings.
Strong Cash Position and Dividend Policy
Quickmart maintains a relatively conservative balance sheet excluding lease liabilities. As at 30 June 2026, the company held Kshs 700.2 mn in cash and short-term deposits against borrowings of Kshs 6.8 mn. This resulted in a net cash position of approximately Kshs 0.7 bn, excluding lease liabilities. The company states that its expansion has historically relied largely on internally generated cash flows.
The Quickmart NSE Listing also comes alongside a strong dividend track record. The company paid total dividends of approximately Kshs 3.7 bn between FY2022 and FY2025. Under its stated policy, Quickmart targets a minimum annual payout ratio of 80.0% of PAT, subject to capital requirements, reserves, growth plans and board approval. The company expects to pay approximately Kshs 2.0 bn in FY2026 and Kshs 2.5 bn in FY2027.
Growth Outlook
Quickmart projects revenue of Kshs 58.2 bn and PAT of Kshs 2.1 bn for FY2026. For FY2027, the company projects revenue of Kshs 67.4 bn and PAT of Kshs 2.8 bn. These projections reflect continued store expansion and growth in existing outlets.
The proposed Quickmart NSE Listing would also provide a public market valuation reference for the retailer, although the offer price had not been disclosed in the intention-to-float announcement. Investors will therefore need to assess the eventual offer valuation alongside Quickmart’s growth prospects, profitability, cash generation and the risks associated with competition, consumer spending, lease commitments and expansion execution.
