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| From left: Ami R. Mpungwe, Interim Chairman of the Board of Tanzania Breweries PLC (TBL), Michelle Kilpin, Managing Director of TBL (centre), and Avito Swai, Finance Director of TBL (right) speaking with shareholders during the TBL Annual General Meeting, where shareholders approved the company's 2025 audited financial statements following a year of profitable growth. |
Dar es Salaam, Tanzania — Thursday, 2 July 2026: Tanzania Breweries Public Limited Company (TBL Plc) has successfully held its 53rd Annual General Meeting (AGM) at the Julius Nyerere International Convention Centre (JNICC) in Dar es Salaam, with shareholders also participating virtually via an online meeting platform.
The AGM provided shareholders with an opportunity to review the company’s performance for the financial year ended 31 December 2025, approve key governance resolutions, and engage directly with the Board of Directors and Management on the company’s strategic direction.
Strong shareholder approvals and governance resolutions
During the meeting, shareholders approved the minutes of the 52nd AGM and formally adopted the Directors’ Report, Auditors’ Report, and audited financial statements for the year ended 31 December 2025.
The AGM also ratified the interim dividend paid during the year, reaffirming shareholder confidence in the company’s performance and capital allocation approach.
In addition, shareholders approved the appointment of PricewaterhouseCoopers (PwC) as external auditors for the financial year ending 31 December 2026, reinforcing TBL Plc’s commitment to strong governance and transparency.
Strong financial performance in 2025
TBL Plc reported a solid year of profitable growth, supported by strong demand across its beer and spirits portfolio, disciplined cost management, and continued investment in brand building and route-to-market efficiency.
Key highlights include:
- Revenue growth of 13%
- Operating profit increase of 35%
- Improved execution across distribution and customer channels
- Ongoing brand investment across core and premium segments
This performance reflects sustained consumer demand and the company’s ability to navigate a dynamic operating environment while strengthening profitability.
Leadership confidence in long-term growth
Speaking at the AGM, Ambassador Ami R. Mpungwe, Interim Chairman of the Board, emphasized the importance of governance, accountability, and long-term value creation.
He noted that the AGM remains a critical platform for transparency and engagement with shareholders, reaffirming the Board’s focus on safeguarding value and supporting sustainable business growth.
TBL Plc Managing Director, Michelle N. Kilpin highlighted the strength of the company’s ecosystem, pointing to its brands, people, customers, and partners as key drivers of performance.
She reaffirmed the company’s commitment to continued investment in consumer brands, digital platforms, local sourcing, and operational efficiency, while maintaining a strong focus on responsible and sustainable growth.
Expanding local value chains and ecosystem impact
Beyond financial results, TBL Plc continued to deepen its contribution to Tanzania’s local economy.
A major milestone in 2025 was the first full year of operations of the Kilimanjaro Malting Plant, which has an annual capacity of 8,000 metric tonnes and supports increased local barley sourcing.
The company also:
- Expanded digital ordering systems
- Strengthened engagement with retailers
- Supported smallholder farmers in barley and sorghum value chains
These initiatives continue to reinforce TBL’s role in developing inclusive and resilient agricultural and distribution ecosystems.
Sustainability and responsible business performance
Sustainability remained a central pillar of TBL Plc’s strategy in 2025.
The company reported:
- 92% of packaging either returnable or made from recycled materials
- Water efficiency of approximately 2.55 hectolitres per hectolitre of production
- Continued investment in responsible consumption campaigns
- Ongoing retailer development initiatives across the country
These efforts align with TBL’s long-term ambition to operate as a responsible, resource-efficient and socially conscious business.
Honouring leadership and legacy
The AGM also included a special Chairman Legacy session in honour of the late Mr Leonard C. Mususa, former Chairman of the Board of Directors, who passed away on 30 May 2026.
Ambassador Ami R. Mpungwe is currently serving as Interim Chairman, with the company reaffirming its commitment to continuity in governance and leadership stability.
Outlook
As TBL Plc marks its 53rd AGM, the company continues to build on a long-standing legacy of shareholder value creation, strong brand leadership, and meaningful contribution to Tanzania’s economy.
Its strategic focus remains firmly anchored on:
- Sustainable and responsible growth
- Strengthening iconic and emerging brands
- Expanding local sourcing and value chains
- Delivering consistent shareholder returns
About Tanzania Breweries Public Limited Company (TBL Plc)
Tanzania Breweries Public Limited Company is Tanzania’s oldest brewery, founded in 1933 as Tanganyika Breweries. Today, it is part of the AB InBev Group, the world’s largest brewer.
The company operates breweries in Dar es Salaam, Arusha, Mwanza, and Mbeya, alongside a distillery in Dar es Salaam, a malting facility in Kilimanjaro, and multiple distribution depots nationwide.
Its portfolio includes more than 15 brands such as Safari Lager, Kilimanjaro Premium Lager, Castle Lite, Stella Artois, Corona, Flying Fish, and Konyagi Gin, among others.
TBL Plc remains committed to brewing high-quality products, promoting responsible consumption, and contributing to Tanzania’s socio-economic development through sustainable business practices.
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