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KANZA CAPITAL PARTNERS · PUBLIC EVIDENCE RECORD

Tanzania Breweries

TBL · DSE · market data as at 2026-08-05
CloseTZS 10,090+1.00% · DSE
Volume9982026-08-05 session
Traded valueTZS 10m2026-08-05 session
Market capitalisationTZS 2.98tnDerived board field
Revenue from contracts with customersTZS 1,657.8bn+13.0% vs FY2024
Operating profitTZS 373.1bn+35.3% vs FY2024
Profit attributable to owners of the parentTZS 203.7bn+55.7% vs FY2024
Retained median volume2,58819 snapshots · not ADV
Domestic turnover rank#12 of 222026-08-05 DSE board
Largest disclosed holder7.5%Public Service Social Security Fund · 2025-12-31

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/tanzania-breweries.

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+6.2% record change2025-07-25–2026-08-05 · verified DSE closes02 · Reported earnings+44.8% net incomeFY2024 → FY2025 · same reported series03 · Balance-sheet funding57.2% equity / assetsFY2025 · issuer-reported balance sheet04 · Cash distribution5.24% gross yieldTZS 529 trailing ordinary DPS · dividend evidence 2026-06-2705 · Trading continuity19/19 active snapshots2026-07-10–2026-08-05 · retained DSE sessions
What changed
Latest verified observations
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.

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.

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 0.4× retained median
2026-07-10: 1,568 shares at TZS 9,570; 2026-07-13: 1,651 shares at TZS 9,600; 2026-07-14: 3,232 shares at TZS 9,570; 2026-07-15: 2,588 shares at TZS 9,580; 2026-07-16: 251,496 shares at TZS 9,700; 2026-07-17: 1,143 shares at TZS 9,840; 2026-07-20: 1,747 shares at TZS 9,830; 2026-07-21: 1,337 shares at TZS 9,800; 2026-07-22: 685,419 shares at TZS 9,980; 2026-07-23: 666 shares at TZS 10,170; 2026-07-24: 65,811 shares at TZS 10,170; 2026-07-27: 268,357 shares at TZS 10,170; 2026-07-28: 3,180 shares at TZS 10,170; 2026-07-29: 2,698 shares at TZS 10,020; 2026-07-30: 611 shares at TZS 10,000; 2026-07-31: 2,379,038 shares at TZS 10,010; 2026-08-03: 101 shares at TZS 10,010; 2026-08-04: 3,495 shares at TZS 9,990; 2026-08-05: 998 shares at TZS 10,090retained median 2.6k2026-07-102026-08-05

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

Retained median volume2,58819 verified snapshots · not ADVLatest session volume rank#17 of 22Domestic board · same 2026-08-05 closeLatest turnover rank#12 of 220.2% of domestic traded value
Same-sector comparison3 classified peersJATU, TCC, TTP share the Consumer Goods coverage classification; this is not a valuation peer set.
Open the DSE source behind every snapshot and rank

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

TBL verified close history

Window startTZS 9,50025 Jul 2025
Latest closeTZS 10,0905 Aug 2026
Window change+6.2%+TZS 590

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+6.2%
2025-07-25TZS 9,500
2026-08-05TZS 10,090
Recent recorded direction+4.7%

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 2025-12-31

Public Service Social Security Fund is the largest disclosed holder at 7.51%.

  1. 01Public Service Social Security Fund7.51%
  2. 02National Health Insurance Fund1.65%
  3. 03Unit Trust of Tanzania, all schemes2.11%
  4. 04National Social Security Fund0.65%
  5. 05Other resident shareholders6.72%
  6. 06AB-InBev Africa BV63.96%
  7. 07Other non-resident shareholders17.4%
Resident shareholders
18.64%
Non-resident shareholders
81.36%

Resident and non-resident categories reconcile to the complete 295,056,063-share structure.

Disclosure scopeCompleteFY2025 annual report · PDF pages 120–121 · share capital and ownership structure
Registered shareholdersNot stated hereSource-dated count only; no holder activity is inferred
Issued shares295,056,063Reported share count; not a liquidity measure
Latest session turnoverTZS 10m2026-08-05 DSE tape · not a typical-liquidity estimate
Open the ownership source · PDF pages 120–121 · share capital and ownership 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

42 indexedLatest DSE filing period 2025-12-31 · 3 normalized
02

Reported business evidence

Revenue from contracts with customersPrinted page 71 · consolidated statement of profit or loss
03

Capital and governance record

6 retained items3 actions · 3 governance disclosures
04

Listed market record

TZS 10,0902026-08-05 · DSE verified close
Market classificationIndustrial & Allied

Constituents are a KCP classification by business type. The Dar es Salaam Stock Exchange publishes the IA index level (shown above, DSE-verified) but does not publish a constituent table — this grouping is KCP's, not DSE-verified index membership. EABL (East African Breweries) is cross-listed and is grouped here on business type, alongside Tanzania Breweries; its DSE index categorisation is not confirmed.

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 1.66tnFY2024 TZS 1.47tnFY2025 TZS 1.66tn
Gross profitTZS 630.3bnFY2024 TZS 518.1bnFY2025 TZS 630.3bn
Operating profitTZS 373.1bnFY2024 TZS 275.7bnFY2025 TZS 373.1bn
Profit for the yearTZS 236.0bnFY2024 TZS 163.0bnFY2025 TZS 236.0bn
Total assetsTZS 1.16tnFY2024 TZS 1.36tnFY2025 TZS 1.16tn
Total equityTZS 664.9bnFY2024 TZS 882.6bnFY2025 TZS 664.9bn
Basic earnings per shareTZS 689FY2024 TZS 445FY2025 TZS 689
Evidence exceptions · 1
information · controlledThe FY2025 audited-accounts dividend of TZS 1,259/share and the separately dated after-year-end TZS 529/share corporate action are different records.

The two values must not be blended into one dividend observation.

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.

Public fundamentals · documentary record

What TBL has reported

Reported figures are separated by period and audit state. Quarterly profit is not annualised; absent periods remain absent. Coverage is current through 27 Jul 2026. Editorial approval remains pending.

Revenue

TZS 1,657.8bn

Revenue from contracts with customers · audited. Printed page 71 · consolidated statement of profit or loss

Official source

As at · Source: Annual report and financial statements 2025

Profit attributable to owners of the parent

TZS 203.7bn

Profit attributable to owners of the parent · audited. Printed page 71 · consolidated statement of profit or loss

Official source

As at · Source: Annual report and financial statements 2025

Earnings per share

TZS 689

Basic earnings per share · audited. Printed page 72 · consolidated statement of other comprehensive income

Official source

As at · Source: Annual report and financial statements 2025

Gross profit

TZS 630.3bn

FY2025 · audited. Printed page 71 · consolidated statement of profit or loss

Profit for the year

TZS 236bn

FY2025 · audited. Printed page 71 · consolidated statement of profit or loss

Cash generated from operations

TZS 317.1bn

FY2025 · audited. Printed page 76 · consolidated statement of cash flows

Total equity

TZS 664.9bn

FY2025 · audited. Printed page 73 · consolidated statement of financial position

How did TBL's audited revenue, operating profit and profit attributable to owners change from FY2024 to FY2025?

Audited earnings step-up

As at 31 Dec 2025 · Source: Tanzania Breweries Plc official disclosures. Exact values and method remain in the static evidence table below.

How did TBL's audited operating cash generation and total equity change between FY2024 and FY2025?

Cash generation and equity

As at 31 Dec 2025 · Source: Tanzania Breweries Plc official disclosures. Exact values and method remain in the static evidence table below.

Corporate actions · as disclosed

Dividends and capital history

FY2025 dividends declared and paid totalled TZS 1,259 per share

historical

FY2025; exact announcement date not stated. Printed page 112 · note 13; exact declaration and payment dates are not stated in the retained note

Open source

“Proposed” is not promoted to “declared” or “paid” without a later documentary state. Unknown action dates remain unstated rather than being inferred.

Governance · documentary record

Board and assurance disclosures

external auditor · FY2025

PricewaterhouseCoopers audited the consolidated and separate financial statements for the year ended 31 December 2025.

Printed pages 66–70 · independent auditor's report dated 29 June 2026

Open source

board approval · FY2025

The board approved the annual report and financial statements on 29 June 2026.

Printed page 73 · consolidated statement of financial position approval statement

Open source

shareholder meeting · 53rd AGM

The official 53rd AGM materials placed adoption of the FY2025 directors' report, auditor's report and audited financial statements, and ratification of the FY2025 interim dividend, on the 2 July 2026 agenda.

AGM materials page 2 · notice of the 53rd Annual General Meeting, agenda items 5–7

Open source

Source library

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 2,588 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

42 official DSE filingsLatest normalized documentary date: 2026-06-30. The complete DSE register is indexed separately; reporting periods remain distinct from market dates.
04

Comparison boundary

IAConstituents are a KCP classification by business type. The Dar es Salaam Stock Exchange publishes the IA index level (shown above, DSE-verified) but does not publish a constituent table — this grouping is KCP's, not DSE-verified index membership. EABL (East African Breweries) is cross-listed and is grouped here on business type, alongside Tanzania Breweries; its DSE index categorisation is not confirmed.

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 authorityTanzania Breweries Plc investor relations

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.