TBL seals the 2025 financial year with robust profit growth
DAR ESALAAM: THE Tanzania Breweries (TBL) has concluded the 2025 financial year on a strong note, posting robust profit growth while continuing to invest in the country’s economy through local sourcing, tax contributions, business expansion and employment creation, particularly for young Tanzanians.
The achievements were highlighted during the company’s 53rd Annual General Meeting (AGM), held today,July 2026, at the Julius Nyerere International Convention Centre (JNICC) in Dar es Salaam, where shareholders reviewed and discussed the company’s performance for the financial year ended December 31, 2025.
Speaking to journalists after the meeting, TBL Interim Board Chairman, Ambassador Ami Mpungwe, said the company has remained a key contributor to Tanzania’s economic development by stimulating investment, paying taxes, creating employment opportunities and supporting community development initiatives.
He noted that despite intense competition in the beverages industry, TBL has continued to invest in business growth, strengthen its brands and deliver value to shareholders while supporting environmental conservation, water stewardship and other corporate social responsibility programmes.
“The Annual General Meeting remains an important accountability platform for TBL. It provides shareholders with a clear picture of the company’s performance, governance and future direction. The Board will continue to provide strong oversight, safeguard shareholders’ interests and support management as the company grows responsibly while contributing to Tanzania’s economic development,” said Ambassador Mpungwe.
During the meeting, shareholders approved the Directors’ Report, the External Auditors’ Report and the audited financial statements for the year ended December 31, 2025. They also confirmed the interim dividend paid during the year and approved the appointment of PricewaterhouseCoopers as the company’s external auditors for the financial year ending December 31, 2026.
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According to the company’s financial results, TBL recorded a 13 per cent increase in revenue, while operating profit rose by 35 per cent, driven by higher demand for beer and spirits, disciplined cost management, sustained investment in its brands and improvements in its route-to-market distribution system.
TBL Managing Director Michelle N. Kilpin attributed the strong performance to the resilience of the company’s brands, disciplined execution of its strategy and the continued support of consumers, customers and stakeholders across its value chain.
She said the company will continue investing in its brands, digital capabilities, increased use of locally sourced raw materials and operational efficiency to ensure sustainable growth while creating long-term value for shareholders and the wider Tanzanian economy.
Beyond its financial performance, TBL continued strengthening its contribution to the local economy through its Kilimanjaro Malt Plant, which is now capable of producing 8,000 tonnes of malt annually, increasing the use of barley grown by Tanzanian farmers.
The company also expanded its digital ordering platform, strengthened partnerships with retail traders and continued supporting smallholder barley and sorghum farmers across the country.
On sustainability, TBL said 92 per cent of its packaging is recyclable or made from recycled materials. The company also continued improving water-use efficiency while promoting responsible consumption of its products.
The Board of Directors and management thanked shareholders for their continued confidence in the company, reaffirming TBL’s commitment to expanding its business, strengthening its brands, creating employment opportunities and delivering sustainable long-term value to shareholders, customers, farmers, suppliers, retailers and communities across Tanzania.
