Tanzania Breweries Ltd Q3 2025 revenue rises 10% on strong beer, Konyagi spirits Ddemand
TBL records revenue and operating profit growth in Q3 2025, backed by robust beer volumes, Konyagi momentum, and new investments in glass recycling.
TANZANIA – Tanzania Breweries Ltd (TBL) has posted a 10% increase in third-quarter revenue, reaching Tsh 467,089 million (US$189.87K) for the period ended 30 September 2025.
The company attributed the growth to higher sales volumes in its Core and Core+ beer categories, as well as sustained double-digit expansion of the Konyagi spirits portfolio, led by the flagship brand Konyagi.
The revenue gains translated into a 13% increase in gross profit to Tsh 180,807 million (US$73.5K). Operating profit rose 17% year-on-year to Tsh 108,970 million (US$44.3K), lifting the operating margin to 23.3%, compared to 21.8% in the same quarter of 2024.
Profit for the period climbed 3% to Tsh 69,364 million (US$28.2K), despite elevated finance costs. TBL reported a 6% rise in profit before tax, supported by stronger top-line performance and controlled cost execution.
However, Basic Earnings Per Share (EPS) declined 5% to Tsh 204 (US$0.083), due to a higher share of profits assigned to non-controlling interests.
As at 30 September 2025, total assets were Tsh 960,765 million (US$390.55K), lower than Tsh 1,250,068 million (US$508.13K) at the end of June 2025, mainly driven by reduced cash and cash equivalents.
Liabilities also decreased to Tsh 334,594 million (US$136.01K) from Tsh 481,993 million (US$195.93K), reflecting progress in loan repayments and liability restructuring.
During Q3 2025, TBL invested Tsh 17,673 million (US$7,184.15) in capital projects, up from Tsh 14,158 million (US$5,755.28) in Q3 2024. Cash generated from commercial operations was utilised for business activities, including corporate tax remittances of Tsh 36,516 million (US$14,843.9), and reinvestment into equipment, plant support, and market operations.
Managing Director Michelle Kilpin confirmed that the performance outcomes were anchored on portfolio strength and continued operational execution.
On the sustainability front, TBL signed a memorandum of understanding (MoU) with PETpro in August 2025, launching the country’s first scalable recovery and recycling model targeting non-returnable glass bottles.
The partnership aims to build a large-capacity collection ecosystem and reintroduce post-industrial glass into manufacturing loops as a reusable raw material.
The initiative supports national environmental targets and aligns with the company’s 2025 Sustainability Roadmap, including its 2025 Sustainability Roadmap commitments for improved recycling across beverage manufacturing channels.
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