TCC Plc marks 65 years as profit growth lifts dividend proposal

DAR ES SALAAM: SHAREHOLDERS of Tanzania Cigarette Public Limited Company (TCC Plc) are set to receive enhanced returns after the company proposed a higher dividend of 650/- for the 2025 financial year, following a notable increase in profitability.

TCC Plc reported a net profit of 135bn/- in 2025, up from 115bn/- recorded in 2024, driven by improved operational performance, stronger gross margins and disciplined cost management.

Reflecting this performance, the Board has proposed a final ordinary dividend of 650/- per share for the year ended 31 December last year, bringing the total dividend for 2025 to 1,050/- per share, compared to a total dividend of 850/- per share in 2024 and underscoring sustained confidence in the Company’s financial strength and cash generation capacity.

The announcement comes in a milestone year for the company as TCC Plc prepares to mark 65 years of operations in Tanzania this December, cementing its status as one of the country’s longestestablished corporate institutions.

The company has also been recently recognised as a Top Employer at global, Africa and Tanzania levels, underscoring its strong employee value proposition and continued investment in its people.

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Commenting on the results, TCC Plc Board Chairman, Mr Mohamed Chande Othman, said the performance demonstrates the company’s ability to consistently deliver value to shareholders despite operating in a challenging environment.

“TCC Plc’s strong performance in 2025 reflects consistent operational execution and disciplined strategy implementation. Revenue, profitability and cash flows improved year on year, supported by robust gross profit growth and effective cost management,” he said.

The Company declared a dividend of 550/- per share for the 2024 financial year. For the 2025 financial year, the Board has proposed a total dividend of 650/- per share, subject to shareholder approval, Mr Chande said.

He added that the Board continued to play a critical role in guiding the company through an evolving regulatory and market landscape by strengthening governance oversight, enhancing accountability and supporting disciplined investment decisions.

The integration of environmental, social and governance (ESG) principles into the company’s operations has also helped align strong financial performance with longterm sustainability objectives, including innovation, people empowerment and environmental stewardship.

On his part, TCC General Manager and Chief Executive Officer, Mr Roy Manalili, said the company delivered solid revenue growth during the year, despite a number of external headwinds.

According to the company, revenue rose from 454bn/- in 2024 to 507bn/- in 2025, while profit before tax increased to 196bn/- supported by stable demand, operational efficiency gains and effective cost controls.

“The results demonstrate that our continued focus on financial discipline, transparency and prudent resource allocation is delivering value for shareholders. They also reflect the trust consumers place in our products and position the company for sustainable longterm growth,” Mr Manalili said.

He noted that the performance was achieved in an environment characterized by rising operating costs, increased competition and evolving regulatory requirements. Looking ahead, TCC Plc said it expects to operate in a complex landscape shaped by both global and domestic pressures.

Geopolitical developments are likely to influence input and logistics costs, while foreignexchange volatility and constrained access to foreign currency could affect procurement and financial planning.

Changes in fiscal and regulatory frameworks, particularly excise taxation, may also have implications for the industry. In response, the company said it will continue to pursue a disciplined and flexible strategy focused on efficiency, risk management and adaptability, while strengthening resilience to external shocks, safeguarding shareholder value and positioning the business for longterm growth.