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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.