By Business Insider Reporter
Shareholders of Tanzania Breweries Plc (TBL) have endorsed an interim dividend of TSh 529 per share after the brewer posted a year of robust earnings growth, underpinned by stronger sales, improved operational efficiency and continued investment across its local value chain.
The dividend was ratified during the company’s 53rd Annual General Meeting (AGM) held in Dar es Salaam on July 2, 2026, where shareholders also approved the audited financial statements for the year ended December 31, 2025, adopted the Directors’ and Auditors’ reports, and reappointed PricewaterhouseCoopers as external auditors for the 2026 financial year.
The approval follows a strong financial year in which TBL recorded a 13 percent increase in revenue while operating profit jumped 35 percent, reflecting sustained demand for its beer and spirits portfolio, disciplined cost management and continued investment in brands and route-to-market capabilities.
Speaking after the AGM, Interim Board Chairman Ambassador Ami Mpungwe, said the meeting reinforced the company’s commitment to sound corporate governance and sustainable shareholder returns.
“The approval of the interim dividend reflects the Board’s confidence in the company’s strong financial performance and its commitment to delivering consistent value to shareholders. At the same time, the AGM demonstrates our dedication to transparency, accountability and long-term stewardship of the business,” he said.
Mr Mpungwe added that the Board would continue providing strategic oversight while supporting management in sustaining profitable growth and strengthening the company’s contribution to Tanzania’s economy.
Managing Director Michelle Kilpin attributed the company’s performance to the strength of its brands, disciplined execution and the resilience of its business ecosystem.
“Our results demonstrate that investing in strong brands, building closer relationships with customers and retailers, and improving operational efficiency continues to generate sustainable growth. We remain focused on creating long-term value for shareholders while expanding opportunities for farmers, suppliers and other partners across our value chain,” she said.
The brewer’s portfolio features more than 15 brands, including Safari Lager, Kilimanjaro Premium Lager, Castle Lite, Kili Lite, Castle Lager, Balimi Lager, Flying Fish, Stella Artois, Corona Redds Premium Cold, Bia Bingwa, Eagle Lager, Brutal Fruit and Grand Malt. Its notable spirits and wine brands include Konyagi Gin, Zanzi Cream Liqueur, Valeur Brandy, and Dodoma and Imagi Wines.
Beyond its financial performance, TBL continued to deepen its local economic impact through investments aimed at strengthening domestic supply chains.
The company completed the first full year of operations of its Kilimanjaro Malting Plant, which has an annual production capacity of 8,000 metric tonnes and supports increased use of locally grown barley, reducing dependence on imported raw materials while creating opportunities for Tanzanian farmers.
The brewer also expanded digital ordering platforms, strengthened retailer engagement programmes and continued supporting smallholder farmers involved in barley and sorghum production as part of efforts to build a more resilient agricultural value chain.
Sustainability remained a key pillar of the company’s growth strategy. During 2025, 92 percent of TBL’s packaging was either returnable or predominantly manufactured from recycled materials, while water-use efficiency remained at approximately 2.55 hectolitres of water per hectolitre of production. The company also continued promoting responsible alcohol consumption and retailer development initiatives nationwide.
As the brewer marks its 53rd AGM, the company says it will continue focusing on strengthening its brands, expanding local sourcing, investing in digital capabilities and delivering sustainable value to shareholders while supporting Tanzania’s broader economic development through its extensive network of farmers, suppliers, retailers and communities. The AGM programme included a separate Chairman Legacy session to honour the late Leonard Mususa, who served as the Chairman of the Board of Directors of Tanzania Breweries PLC who passed away on 30 May 2026.
