· Shareholders adopted the Directors’ Report, Auditors’ Report and audited financial statements for the year ended 31 December 2025.
· The AGM ratified the interim dividend paid for the year and approved PricewaterhouseCoopers as external auditors for 2026.
· TBL closed the year with stronger profitability, continued brand growth and increased investment in its local ecosystem.
Tanzania Breweries Public Limited Company today held its 53rd Annual General Meeting at JNICC in Dar es Salaam, with shareholders also participating through the online meeting platform.
The AGM gave shareholders an opportunity to review TBL’s 2025 performance, approve key governance matters and engage with the Board and Management on the company’s direction.
At the meeting, shareholders approved the minutes of the 52nd Annual General Meeting, adopted the Directors’ Report, Auditors’ Report and audited financial statements for the year ended 31 December 2025, and ratified the interim dividend paid for the year.
Shareholders also approved the appointment of PricewaterhouseCoopers as external auditors for the financial year ending 31 December 2026.
TBL reported a strong year of profitable growth, with revenue rising by 13 percent and operating profit increasing by 35 percent. The performance was supported by strong demand across beer and spirits, disciplined cost management, continued investment in brands and improved execution across the company’s route to market.
Ambassador Ami Mpungwe, the Interim Chairman of the Board of Directors’ of Tanzania Breweries PLC, said the AGM reaffirmed the company’s commitment to strong governance, shareholder confidence and long term value creation. “The Annual General Meeting remains an important accountability platform for TBL. It gives shareholders a clear view of the company’s performance, governance and future direction. The Board remains focused on providing steady oversight, protecting shareholder value and supporting Management as the company continues to grow responsibly and contribute to Tanzania’s economy.”
TBL Managing Director, Michelle N. Kilpin, said the 2025 performance reflected the strength of the company’s brands, people, customers and partners across the value chain. “Our 2025 performance was driven by strong brands, disciplined execution and the continued trust of our consumers, customers and shareholders. We will continue to invest in the brands consumers love, strengthen our digital platforms, support local sourcing and improve efficiency across the business. Our focus is to grow responsibly while creating value for shareholders and the wider ecosystem that supports TBL across Tanzania.”
Beyond the financial performance, TBL continued to deepen its contribution to local value chains. The year marked the first full year of operations of the Kilimanjaro Malting Plant, which has a current annual capacity of 8,000 metric tonnes and supports increased use of locally sourced barley. The company also continued to expand digital ordering, strengthen retailer engagement and support smallholder farmers across barley and sorghum value chains.
Sustainability remained central to TBL’s long term strategy. In 2025, 92 percent of the company’s packaging was returnable or predominantly made from recycled materials, while water efficiency remained at approximately 2.55 hectolitres per hectolitre of production. The company also continued to promote responsible consumption and support retailer development across the country.
The Board and Management thanked shareholders for their continued confidence and reaffirmed TBL’s commitment to consistent growth, strong brands, disciplined execution and sustainable value creation.
As TBL marks its 53rd Annual General Meeting, the company continues to build on a long record of shareholder engagement, brand growth and contribution to Tanzania’s economy. Its focus remains on growing responsibly, investing in trusted brands and creating value for shareholders, customers, employees, suppliers, retailers, farmers and communities across the country.
