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KANZA CAPITAL PARTNERS · PUBLIC EVIDENCE RECORD

Precision Air Services

PAL · DSE · market data as at 2026-09-10
CloseTZS 3100.00% · DSE
Volume9,7452026-09-10 session
Traded valueTZS 3m2026-09-10 session
Market capitalisationTZS 49.8bnDerived board field
Retained median volume5,80243 snapshots · not ADV
Domestic turnover rank#16 of 222026-09-10 DSE board
Largest disclosed holder42.9%Estate of the late Michael N. Shirima · 2024-12-31

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/pal.

Public evidenceYou are here

Source facts stay open.

Price & liquidityReported financialsOwnershipFilings & dividends
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Decision support begins behind the boundary.

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Five signals before the detail.

Each row uses its own disclosed scale. An unavailable fact has no plotted magnitude. These are descriptive signals, not a score, peer ranking, forecast or recommendation.

What changed
Latest verified observations
Evidence gaps
Kept null, not estimated
  • Bid-ask spread and executable size are unverified.
  • Public ownership classifications are not treated as tradable free float.
  • Accounting-basis changes remain visible; periods are not silently restated.
  • No domestic DSE peer is manufactured for comparison.

Market record

The close is already above. Here is the rest of the session.

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

Open the DSE source

Tradability evidence · bounded window

Volume varied sharply across the retained window.

This is a median across 43 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 2026-09-09Latest 1.3× retained median
2026-07-10: 1,071 shares at TZS 400; 2026-07-13: 12,441 shares at TZS 380; 2026-07-14: 10,367 shares at TZS 350; 2026-07-15: 17,019 shares at TZS 340; 2026-07-16: 926 shares at TZS 385; 2026-07-17: 1,154 shares at TZS 390; 2026-07-20: 26,290 shares at TZS 415; 2026-07-21: 1,958 shares at TZS 380; 2026-07-22: 4,906 shares at TZS 375; 2026-07-23: 18,852 shares at TZS 355; 2026-07-24: 3,448 shares at TZS 360; 2026-07-27: 8,583 shares at TZS 355; 2026-07-28: 15,678 shares at TZS 345; 2026-07-29: 9,694 shares at TZS 325; 2026-07-30: 14,779 shares at TZS 305; 2026-07-31: 5,483 shares at TZS 320; 2026-08-03: 2,066 shares at TZS 330; 2026-08-04: 7,820 shares at TZS 310; 2026-08-05: 1,808 shares at TZS 290; 2026-08-06: 10,060 shares at TZS 300; 2026-08-07: 29,472 shares at TZS 310; 2026-08-10: 5,749 shares at TZS 310; 2026-08-11: 5,738 shares at TZS 305; 2026-08-12: 1,679 shares at TZS 300; 2026-08-13: 6,864 shares at TZS 340; 2026-08-14: 3,560 shares at TZS 345; 2026-08-17: 3,496 shares at TZS 320; 2026-08-18: 5,074 shares at TZS 320; 2026-08-19: 14,297 shares at TZS 305; 2026-08-20: 5,126 shares at TZS 315; 2026-08-21: 5,802 shares at TZS 315; 2026-08-24: 5,757 shares at TZS 305; 2026-08-26: 34,449 shares at TZS 315; 2026-08-27: 10,351 shares at TZS 345; 2026-08-28: 3,849 shares at TZS 350; 2026-08-31: 3,540 shares at TZS 335; 2026-09-01: 17,473 shares at TZS 310; 2026-09-02: 12,100 shares at TZS 305; 2026-09-03: 714 shares at TZS 305; 2026-09-04: 15,611 shares at TZS 305; 2026-09-07: 5,840 shares at TZS 330; 2026-09-08: 4,645 shares at TZS 345; 2026-09-09: 7,752 shares at TZS 310retained median 5.8k2026-07-102026-09-09

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

Retained median volume5,80243 verified snapshots · not ADVLatest session volume rank#11 of 22Domestic board · same 2026-09-09 closeLatest turnover rank#16 of 220% of domestic traded value
Same-sector comparisonNo domestic listed peerNo other domestic listed counter in KCP coverage carries the Consumer Services classification. No synthetic peer comparison is substituted.
Open the DSE source behind every snapshot and rank

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

PAL verified close history

Window startTZS 26025 Jul 2025
Latest closeTZS 3109 Sep 2026
Window change+19.2%+TZS 50

As at 10 Sep 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+19.2%
2025-07-25TZS 260
2026-09-09TZS 310
Recent recorded direction0.0%

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 2024-12-31

Estate of the late Michael N. Shirima is the largest disclosed holder at 42.91%.

  1. 01Estate of the late Michael N. Shirima42.91%
  2. 02Kenya Airways Limited41.23%
  3. 03Precision Air Employee Share Ownership Plan1.1%
  4. 04Damas Dismas Kamani0.3%
  5. 05Fahad Saleh Nahdi0.26%
  6. 06Shinyanga Emporium Limited0.25%
  7. 07Tanzania Standard Newspapers Limited0.19%
  8. 08Quality Company Limited0.13%
  9. 09Raj Chintan Kakkad0.12%
  10. 10Shilpa Pratish Kakkad0.12%
  11. 11Chintan Maganlal Kakkad0.12%
  12. 12Dhiraj Chintan Kakkad0.12%
  13. 13Pratish Maganlal Kakkad0.12%
  14. 14Than Investments Limited0.12%
  15. 15NIC Tanzania Limited0.12%
  16. 16Other shareholders below 0.12% each12.79%

The named holders plus the stated remainder reconcile to 160,472,720 issued shares and 100%.

Disclosure scopeCompleteFY2024 annual report · PDF page 8 · shareholding structure
Registered shareholdersNot stated hereSource-dated count only; no holder activity is inferred
Issued shares160,472,720Reported share count, not a liquidity measure
Latest session turnoverTZS 3m2026-09-10 DSE tape · not a typical-liquidity estimate
Open the ownership source · PDF page 8 · shareholding structure

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

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

Reported business evidence

Revenue: TZS 162.2bnFY2024 and restated FY2023 comparative · PDF p. 19
03

Capital and governance record

1 retained items1 actions · 0 governance disclosures
04

Listed market record

DSE-verified session2026-09-10 · DSE verified close
Market classificationCommercial Services

Constituents are a KCP classification by business type. The Dar es Salaam Stock Exchange publishes the CS 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.

RevenueTZS 162.2bnFY2023 TZS 139.8bn -> FY2024 TZS 162.2bn
Gross profitTZS 32.6bnFY2023 TZS 18.9bn -> FY2024 TZS 32.6bn
Operating loss−TZS 29.2bnFY2023 −TZS 22.9bn -> FY2024 −TZS 29.2bn
Loss before tax−TZS 31.8bnFY2023 −TZS 77.4bn -> FY2024 −TZS 31.8bn
Loss for the year−TZS 31.8bnFY2023 −TZS 77.4bn -> FY2024 −TZS 31.8bn
Total assetsTZS 85.0bnFY2023 TZS 81.8bn -> FY2024 TZS 85.0bn
Total equity deficit−TZS 550.3bnFY2023 −TZS 518.5bn -> FY2024 −TZS 550.3bn
Net cash generated from operating activitiesTZS 39.6bnFY2023 TZS 18.9bn -> FY2024 TZS 39.6bn
Basic and diluted loss per shareTZS -197.89FY2023 TZS -482.29 -> FY2024 TZS -197.89
Capital return record

Dividend state, not just a number.

Evidence exceptions · 2
information · controlledThe FY2023 comparative is restated in the FY2024 annual report.

Every series uses the restated comparative and is labelled recast comparable.

high · openThe auditor and directors disclose a material uncertainty related to going concern.

Historical figures are factual but must not be read without the issuer's going-concern disclosure.

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

43-snapshot windowRetained median volume 5,802 from 2026-07-10 to 2026-09-09. This bounded archive is not ADV and does not establish executable size.
02

Historical coverage

216 observationsAvailable from 2025-07-25 to 2026-09-09. Missing trading dates are not filled forward.
03

Filing vintage

Official source ahead2026 Quarterly Update Report is indexed, while normalized facts stop at 2024-12-31. No values are carried across without document and locator review.
04

Comparison boundary

CSConstituents are a KCP classification by business type. The Dar es Salaam Stock Exchange publishes the CS 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 authorityPrecision Air investor relations landing page

An issuer-controlled investor-relations entry is visible, but a stable report-library URL was not confirmed in this review.

Open official DSE fallback
03 · CalculationsExact periods, labelled changes

Percentage change is current over prior comparable period, minus one. The liquidity median uses the retained dates above.

04 · Missing evidenceNull beats estimates

Free float, bid-ask depth, executable size and consensus stay 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.

Governance disclosureFounder/principal personal holdings

No personal position: Arthur George Kanza, KCP founder/principal, declares no holding in PAL (Precision Air Services).

Effective 14 Aug 2026 · Policy →