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KANZA CAPITAL PARTNERS · PUBLIC EVIDENCE RECORD

NICOL

NICO · DSE · market data as at 2026-08-05
CloseTZS 3,4900.00% · DSE
Volume16,4922026-08-05 session
Traded valueTZS 57.6m2026-08-05 session
Market capitalisationTZS 215.1bnDerived board field
Retained median volume15,02819 snapshots · not ADV
Domestic turnover rank#4 of 222026-08-05 DSE board
Largest disclosed holder9.2%Public Service Social Security Fund · 2023-12-31

Market facts: Dar es Salaam Stock Exchange. Financial, dividend and ownership facts: issuer disclosures, retained by source URL and SHA-256. Derived changes use the displayed periods. Missing facts remain missing.

Information and education only—never advice, a recommendation or an offer. Printed from https://kanzacapitalpartners.com/companies/nicol.

Public evidenceYou are here

Source facts stay open.

Price & liquidityReported financialsOwnershipFilings & dividends
Member workbench

Decision support begins behind the boundary.

Scenarios, sensitivities, monitoring questions and modelling workflow.

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01 · Evidence cockpit

Read the company through comparable public signals.

Each spoke maps one exact public metric to a disclosed display band. Compare a company with its own record—not as a peer ranking, forecast or recommendation.

Public fundamentals profileFive independent lenses
Five independent scales—not an aggregate score. Change: −50% to +50%; balance/trading: 0–100%; gross yield: 0–10%. Edge values cap; missing facts stay open.
01 · Market path+142.4% record change2025-07-25–2026-08-05 · verified DSE closes02 · Reported earnings+33.7% net incomeFY2023 → FY2024 · same reported series03 · Balance-sheet fundingNot availableA same-period equity and assets pair is not retained04 · Cash distributionNot availableNo verified trailing ordinary DPS in the current yield set05 · Trading continuity19/19 active snapshots2026-07-10–2026-08-05 · retained DSE sessions
What changed
Latest verified observations
Latest market session1.1× retained median volume#4 of 22 by turnover · 2026-08-05Latest reporting windowFY20247 comparable audited series · FY2024 and FY2023 comparativeDividend evidenceTZS 2.2bn paidFY2024 paid · paid
Evidence gaps
Kept null, not estimated
  • Bid-ask spread and executable trade size are not verified.
  • Public ownership classifications are not presented as tradable free float.
  • Accounting-basis changes remain visible; unlike periods are not silently restated.
  • Domestic sector context is limited to the verified tickers shown.
Open evidence limits Review verification method

02 · Current tape

One session. Four observed facts.

Every figure below refers to the same verified DSE close. It describes the tape; it does not establish typical liquidity or future direction.

Verified closeTZS 3,4900.00% session changeVolume16.5k1.1× retained medianTraded valueTZS 57.6m#4 of 22 by turnoverMarket capitalisationTZS 215.1bnDerived from verified close
Open the DSE source

Tradability evidence · bounded window

The latest session was exceptional, not “typical.”

This is a median across 19 retained DSE snapshots—not ADV. Missing dates are not treated as zero, and no bid-ask or executable-size claim is added.

Recorded volume · 2026-07-10 to 2026-08-05Latest 1.1× retained median
2026-07-10: 10,232 shares at TZS 3,800; 2026-07-13: 10,731 shares at TZS 3,850; 2026-07-14: 22,331 shares at TZS 3,780; 2026-07-15: 12,216 shares at TZS 3,730; 2026-07-16: 22,652 shares at TZS 3,710; 2026-07-17: 8,994 shares at TZS 3,750; 2026-07-20: 15,028 shares at TZS 3,740; 2026-07-21: 8,010 shares at TZS 3,830; 2026-07-22: 19,145 shares at TZS 3,830; 2026-07-23: 10,262 shares at TZS 3,800; 2026-07-24: 21,990 shares at TZS 3,760; 2026-07-27: 266,346 shares at TZS 3,700; 2026-07-28: 10,148 shares at TZS 3,700; 2026-07-29: 17,983 shares at TZS 3,630; 2026-07-30: 27,590 shares at TZS 3,570; 2026-07-31: 32,448 shares at TZS 3,550; 2026-08-03: 10,508 shares at TZS 3,470; 2026-08-04: 7,816 shares at TZS 3,490; 2026-08-05: 16,492 shares at TZS 3,490retained median 15k2026-07-102026-08-05

Linear scale. The final bar is intentionally allowed to dominate; compressing it would hide the scale of the latest-session break.

Retained median volume15,02819 verified snapshots · not ADVLatest session volume rank#7 of 22Domestic board · same 2026-08-05 closeLatest turnover rank#4 of 221.3% of domestic traded value
Same-sector comparison10 classified peersAFRIPRISE, CRDB, DCB, DSE, MBP, MCB, MKCB, MUCOBA, NMB, YETU share the Financials coverage classification; this is not a valuation peer set.
Open the DSE source behind every snapshot and rank

How has NICO's verified close moved across the available public record?

NICO verified close history

Window startTZS 1,44025 Jul 2025
Latest closeTZS 3,4905 Aug 2026
Window change+142.4%+TZS 2,050

As at 5 Aug 2026 · Source: Dar es Salaam Stock Exchange (DSE), via MCL market platform daily export (market.mcl.co.tz). Exact values and method remain in the static evidence table below.

03 · Descriptive reading

Three views of the same record.

These transformations expose change, recent direction and recorded position. They are not forecasts, total returns or estimates of value.

Available-record change+142.4%
2025-07-25TZS 1,440
2026-08-05TZS 3,490
Recent recorded direction-8.9%

Last 20 recorded observations · no calendar-time substitution.

04 · Ownership and tradability

Reported ownership, without a free-float guess.

The cited filing presents a complete 100% structure. Ownership remains separate from tradable free float, bid-ask depth and executable size.

Shareholding reported at 2023-12-31

Public Service Social Security Fund is the largest disclosed holder at 9.2%.

  1. 01Public Service Social Security Fund9.2%
  2. 02Erncon Holdings Limited2.1%
  3. 03Ernest Saronga Massawe1.6%
  4. 04Tanzania Posts Authority1.3%
  5. 05Commex Holding Ltd1.3%
  6. 06Mark William Njiu1.2%
  7. 07General Public83.3%

The report presents a complete 2023 table totaling 61,634,834 shares and 100%.

Disclosure scopeCompleteFY2023 annual report · PDF page 94 · shareholders of the company
Registered shareholdersNot stated hereSource-dated count only; no holder activity is inferred
Issued shares61,634,834Reported share count; not a liquidity measure
Latest session turnoverTZS 57.6m2026-08-05 DSE tape · not a typical-liquidity estimate
Open the ownership source · PDF page 94 · shareholders of the company

04b · Classification and evidence sequence

From company record to listed tape.

This is an evidence sequence—not a causal model. A missing filing cannot be replaced by a price, and a price move cannot prove an operating cause.

01

Official disclosures

26 indexedLatest DSE filing period 2026-03-31 · 1 normalized
02

Reported business evidence

Investment income: TZS 12.8bnFY2024 and FY2023 comparative · PDF p. 1
03

Capital and governance record

1 retained items1 actions · 0 governance disclosures
04

Listed market record

TZS 3,4902026-08-05 · DSE verified close
Market classificationBanks, Finance & Investment

Constituents are a KCP classification by business type. The Dar es Salaam Stock Exchange publishes the BI index level (shown above, DSE-verified) but does not publish a constituent table — this grouping is KCP's, not DSE-verified index membership.

Reported trajectory · source evidence

Two periods, one retained source, no mixed basis.

Select a metric to compare adjacent group results printed in the same retained source. Audit status remains visible. This is reported history, not a forecast or quality score.

Investment incomeTZS 12.8bnFY2023 TZS 11.1bn → FY2024 TZS 12.8bn
Operating profitTZS 12.1bnFY2023 TZS 10.1bn → FY2024 TZS 12.1bn
Profit before taxTZS 9.9bnFY2023 TZS 7.6bn → FY2024 TZS 9.9bn
Profit for the yearTZS 9.1bnFY2023 TZS 6.8bn → FY2024 TZS 9.1bn
Total equityTZS 162.6bnFY2023 TZS 138.5bn → FY2024 TZS 162.6bn
Net cash generated from / (used in) operating activitiesTZS 29.7bnFY2023 −TZS 6.8bn → FY2024 TZS 29.7bn
Basic earnings per shareTZS 147.16FY2023 TZS 110.1 → FY2024 TZS 147.16
Capital return record

Dividend state, not just a number.

05 · Company-reported evidence

What can be traced to a retained document?

Market dates and reporting periods remain separate. Missing fundamentals stay missing until a document, locator and review state support them.

06 · Evidence-risk ledger

What this page cannot prove.

Trust is not the absence of uncertainty. It is the discipline of showing exactly where the evidence becomes thin.

01

Session liquidity

19-snapshot windowRetained median volume 15,028 from 2026-07-10 to 2026-08-05. This bounded archive is not ADV and does not establish executable size.
02

Historical coverage

193 observationsAvailable from 2025-07-25 to 2026-08-05. Missing trading dates are not filled forward.
03

Filing vintage

26 official DSE filingsLatest normalized documentary date: 2024-12-31. The complete DSE register is indexed separately; reporting periods remain distinct from market dates.
04

Comparison boundary

BIConstituents are a KCP classification by business type. The Dar es Salaam Stock Exchange publishes the BI index level (shown above, DSE-verified) but does not publish a constituent table — this grouping is KCP's, not DSE-verified index membership.

07 · How to use this record

Follow the source boundary, not the decoration.

Each number is either a primary-source fact, a labelled calculation from cited inputs, or absent. The page does not bridge a missing fact with an estimate.

01 · Market authorityDar es Salaam Stock Exchange

Close, session direction, volume and turnover use the dated DSE board. Retained snapshots stay date-bound.

Open DSE source 02 · Issuer authorityNational Investments Plc annual financial statements

The issuer archive is verified as a discovery source. Values enter the fact layer only with a retained document, page locator, period and review state.

Open issuer library
03 · CalculationsExact periods in, labelled changes out

Percentage change equals current divided by prior comparable period minus one. The liquidity median uses only the retained dates shown above.

04 · Missing evidenceNull beats a plausible estimate

Free float, bid-ask depth, executable size, consensus and a same-sector domestic peer remain absent until a source supports them.

Portable evidence

Take the record with its source trail attached.

Read the complete verification note

Market observations and company reporting periods are separate clocks. KCP does not use a price move to fill a missing filing, annualise a quarterly result, interpolate a missing close, or treat publicly held shares as verified tradable free float.

The retained DSE snapshot folder is a bounded evidence window, not a complete session archive. Its median describes only the snapshots listed here. Regional operating peers, valuation multiples and consensus would require a separately sourced comparison workflow and are not implied by this public page.

Information and education only—never investment, legal or tax advice, a recommendation, an offer or a solicitation.

08 · The product boundary

Public facts end here. The source trail does not.

Keep exploring verified DSE records in public, or enter the member workbench for scenarios, sensitivities and monitoring workflow.