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KANZA CAPITAL PARTNERS · PUBLIC EVIDENCE RECORD

TOL Gases

TOL · DSE · market data as at 2026-09-10
CloseTZS 1,830-11.59% · DSE
Volume40,2762026-09-10 session
Thamani ya miamalaTZS 73.8 milioni2026-09-10 session
Market capitalisationTZS 105.2 bilioniDerived board field
MapatoTZS 7.1 bilioni-18.5% vs Q4 2025
Faida ya uendeshajiTZS 1.3 bilioni-42.0% vs Q4 2025
Faida baada ya kodiTZS 0.9 bilioni-53.7% vs Q4 2025
Retained median volume4,53443 snapshots · not ADV
Domestic turnover rank#6 of 222026-09-10 DSE board
Largest disclosed holder20.4%Ernest Saronga Massawe · 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.

Kwa taarifa na elimu pekee; si ushauri, pendekezo wala ofa. Imechapishwa kutoka https://kanzacapitalpartners.com/companies/tol-gases.

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.

Explore member access

Anza hapa

Viashiria vitano kabla ya maelezo ya kina.

Kila mstari hutumia kipimo chake kilichowekwa wazi. Ukweli usiopatikana hauonyeshwi kama kiwango. Hivi ni viashiria vya maelezo; si alama, cheo dhidi ya kampuni nyingine, utabiri wala pendekezo.

Wasifu wa takwimu za msingi za ummaMitazamo mitano yenye vipimo tofauti
01 · SokoMabadiliko ya rekodi +158.8%
Mabadiliko ya rekodi · masafa ya kuonyesha -50% hadi +50%2025-07-25 hadi 2026-09-09 · bei za kufungwa za DSE zilizothibitishwa
02 · MapatoFaida halisi -23.8%
Mabadiliko ya mwaka · masafa ya kuonyesha -50% hadi +50%FY2023 → FY2024 · msururu uleule ulioripotiwa
03 · MizaniaMtaji / mali 46%
Mtaji / mali · masafa ya kuonyesha 0% hadi 100%FY2024 · mizania iliyoripotiwa na mtoaji
04 · GawioHakuna gawio lililotangazwa
Mavuno ghafi · masafa ya kuonyesha 0% hadi 10%FY2024 final · haikutangazwa · si mavuno ya nyuma yaliyokokotolewa
05 · BiasharaRekodi hai 43/43
Rekodi zilizohifadhiwa zenye biashara · masafa ya kuonyesha 0% hadi 100%2026-07-10 hadi 2026-09-09 · vipindi vya DSE vilivyohifadhiwa
Vipimo vitano tofauti; si alama ya jumla. Mabadiliko: −50% hadi +50%; mizania/biashara: 0 hadi 100%; mavuno ghafi: 0 hadi 10%. Thamani za ukingoni zinawekewa kikomo; ukweli unaokosekana unabaki wazi.
Kilichobadilika
Latest verified observations
Latest market session4.6× retained median volume#6 of 22 by turnover · 2026-09-10Kipindi cha karibuni cha taarifa kilichosanifishwaQ1 2026Revenue -18.5% · Operating profit -42.0%Dividend evidenceHakuna gawio lililotangazwaFY2024 final · not-declared
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.
Open evidence limits Review verification method

Rekodi ya soko

Bei ya kufungwa tayari imeonyeshwa hapo juu. Hizi ni taarifa nyingine za kipindi.

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

Volume40.3k4.6× retained medianTraded valueTZS 73.8m#6 of 22 by turnoverMarket capitalisationTZS 105.2bnDerived from verified close
Open the DSE source

Tradability evidence · bounded window

Kipindi cha karibuni kilikuwa cha kipekee, si kiwango cha kawaida.

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 4.6× retained median
2026-07-10: 12,122 shares at TZS 1,450; 2026-07-13: 3,777 shares at TZS 1,450; 2026-07-14: 3,114 shares at TZS 1,390; 2026-07-15: 10,379 shares at TZS 1,430; 2026-07-16: 6,212 shares at TZS 1,370; 2026-07-17: 2,092 shares at TZS 1,400; 2026-07-20: 5,312 shares at TZS 1,440; 2026-07-21: 2,793 shares at TZS 1,420; 2026-07-22: 7,754 shares at TZS 1,430; 2026-07-23: 1,527 shares at TZS 1,410; 2026-07-24: 1,455 shares at TZS 1,410; 2026-07-27: 3,298 shares at TZS 1,420; 2026-07-28: 7,135 shares at TZS 1,410; 2026-07-29: 1,249 shares at TZS 1,430; 2026-07-30: 3,583 shares at TZS 1,390; 2026-07-31: 3,105 shares at TZS 1,340; 2026-08-03: 2,675 shares at TZS 1,320; 2026-08-04: 3,220 shares at TZS 1,380; 2026-08-05: 1,470 shares at TZS 1,390; 2026-08-06: 988 shares at TZS 1,500; 2026-08-07: 4,596 shares at TZS 1,500; 2026-08-10: 3,406 shares at TZS 1,500; 2026-08-11: 3,258 shares at TZS 1,460; 2026-08-12: 3,728 shares at TZS 1,450; 2026-08-13: 2,871 shares at TZS 1,460; 2026-08-14: 1,686 shares at TZS 1,490; 2026-08-17: 2,549 shares at TZS 1,500; 2026-08-18: 13,900 shares at TZS 1,580; 2026-08-19: 22,976 shares at TZS 1,690; 2026-08-20: 7,047 shares at TZS 1,730; 2026-08-21: 21,294 shares at TZS 1,750; 2026-08-24: 20,991 shares at TZS 1,810; 2026-08-26: 7,816 shares at TZS 1,980; 2026-08-27: 14,158 shares at TZS 1,980; 2026-08-28: 12,636 shares at TZS 1,850; 2026-08-31: 5,463 shares at TZS 1,830; 2026-09-01: 4,534 shares at TZS 1,870; 2026-09-02: 5,006 shares at TZS 1,870; 2026-09-03: 4,183 shares at TZS 1,840; 2026-09-04: 10,680 shares at TZS 1,830; 2026-09-07: 116,275 shares at TZS 2,020; 2026-09-08: 45,233 shares at TZS 2,300; 2026-09-09: 20,925 shares at TZS 2,070retained median 4.5k2026-07-102026-09-09

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

Retained median volume4,53443 verified snapshots · not ADVLatest session volume rank#8 of 22Domestic board · same 2026-09-09 closeLatest turnover rank#6 of 220.8% of domestic traded value
Same-sector comparisonNo domestic listed peerNo other domestic listed counter in KCP coverage carries the Basic Materials classification. No synthetic peer comparison is substituted.
Open the DSE source behind every snapshot and rank

Bei ya kufungwa ya TOL iliyothibitishwa imebadilikaje katika rekodi ya umma inayopatikana?

Historia ya bei ya kufungwa ya TOL iliyothibitishwa

Mwanzo wa kipindiTZS 80025 Jul 2025
Bei ya mwishoTZS 2,0709 Sep 2026
Mabadiliko ya kipindi+158.8%+TZS 1,270

Kufikia 10 Sep 2026 · Chanzo: Dar es Salaam Stock Exchange (DSE), via MCL market platform daily export (market.mcl.co.tz). Thamani kamili na mbinu zinabaki katika jedwali la ushahidi tuli lililo hapa chini.

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+158.8%
2025-07-25TZS 800
2026-09-09TZS 2,070
Recent recorded direction+38.0%

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

Ernest Saronga Massawe is the largest disclosed holder at 20.4%.

  1. 01Ernest Saronga Massawe20.4%
  2. 02Erncon Holding Limited17.4%
  3. 03Goodison Fourthy Seven Limited13.7%
  4. 04Treasury Registrar6.2%
  5. 05Anorld B. S. Kilewo5.7%
  6. 06Baraka Mark Urassa and Ophishas Obadia Urasa4.6%
  7. 07Harold Temu4.4%
  8. 08Christian Charles Shirima2.9%
  9. 09Public Service Social Security Fund1.9%
  10. 10Joseph C. N. Machange1.8%
  11. 11Mary Wanjiku Mboya1.5%
  12. 12Gasper Jason Uriyo1.3%
  13. 13Other shareholders18.2%

The named holders and other shareholders reconcile to 57,505,963 issued shares and 100%.

Disclosure scopeCompleteFY2024 annual report · PDF page 6 · shareholders owning more than one per cent
Registered shareholdersNot stated hereSource-dated count only; no holder activity is inferred
Issued shares57,505,963Reported share count, not a liquidity measure
Latest session turnoverTZS 73.8 milioni2026-09-10 DSE tape · not a typical-liquidity estimate
Open the ownership source · PDF page 6 · shareholders owning more than one per cent

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

41 indexedLatest DSE filing period 2026-03-31 · 3 normalized
02

Reported business evidence

MapatoPDF page 26 · audited statement of profit or loss
03

Capital and governance record

1 retained items1 actions · 0 governance disclosures
04

Listed market record

Kipindi kilichothibitishwa na DSEBei ya kufungwa ya 2026-09-10 · DSE verified
Market classificationViwanda na shughuli zinazohusiana

Kampuni zilizojumuishwa zimeainishwa na KCP kwa aina ya biashara. Dar es Salaam Stock Exchange huchapisha kiwango cha faharasa ya IA (kilichoonyeshwa hapo juu na kuthibitishwa dhidi ya DSE), lakini haichapishi jedwali la kampuni zake; hivyo upangaji huu ni wa KCP, si uthibitisho wa uanachama wa faharasa ya DSE. EABL (East African Breweries) imeorodheshwa katika masoko zaidi ya moja na imewekwa hapa kwa aina ya biashara pamoja na Tanzania Breweries; uainishaji wake katika faharasa ya DSE haujathibitishwa.

Mwenendo ulioripotiwa · ushahidi wa chanzo

Vipindi viwili, chanzo kimoja kilichohifadhiwa, bila kuchanganya misingi.

Chagua kipimo kulinganisha matokeo ya kundi ya vipindi vinavyofuatana yaliyochapishwa katika chanzo kilekile kilichohifadhiwa. Hali ya ukaguzi inaendelea kuonekana. Hii ni historia iliyoripotiwa, si utabiri wala alama ya ubora.

MapatoTZS 30.2bnFY2023 TZS 24.7bn -> FY2024 TZS 30.2bn
Faida ghafiTZS 11.2bnFY2023 TZS 10.3bn -> FY2024 TZS 11.2bn
Faida ya uendeshajiTZS 6.3bnFY2023 TZS 5.0bn -> FY2024 TZS 6.3bn
Faida kabla ya kodiTZS 4.0bnFY2023 TZS 3.8bn -> FY2024 TZS 4.0bn
Faida ya mwakaTZS 2.1bnFY2023 TZS 2.7bn -> FY2024 TZS 2.1bn
Jumla ya maliTZS 59.5bnFY2023 TZS 54.4bn -> FY2024 TZS 59.5bn
Jumla ya mtajiTZS 27.3bnFY2023 TZS 25.3bn -> FY2024 TZS 27.3bn
Net cash generated from operating activitiesTZS 5.7bnFY2023 TZS 8.6bn -> FY2024 TZS 5.7bn
Faida ya msingi kwa kila hisaTZS 35.9FY2023 TZS 47.13 -> FY2024 TZS 35.9
Rekodi ya marejesho ya mtaji

Hali ya gawio, si namba pekee.

Vighairi vya ushahidi · 1
taarifa · imedhibitiwaThe annual report explicitly states that the directors did not recommend a final dividend for FY2024.

Rekodi inaonyeshwa kuwa haikutangazwa, si kama gawio la namba sifuri.

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.

Takwimu za msingi za umma · rekodi ya nyaraka

What TOL has reported

Takwimu zilizoripotiwa zimetenganishwa kwa kipindi na hali ya ukaguzi. Faida ya robo mwaka haijabadilishwa kuwa ya mwaka mzima; vipindi visivyokuwepo vinabaki hivyo. Ufunikaji ni wa sasa hadi 13 Ago 2026. Idhini ya uhariri bado inasubiriwa.

Faida ghafi

TZS 11.2 bilioni

FY2024 · audited. PDF page 26 · audited statement of profit or loss

Faida kabla ya kodi

TZS 4 bilioni

FY2024 · audited. PDF page 26 · audited statement of profit or loss

How did TOL Gases' first-quarter revenue and earnings compare with the fourth quarter of 2025?

First-quarter earnings reset

Unaudited company results · TZS million

Mwaka uliotangulia8,698.4 TZS millionQ4 2025
Mwaka wa karibuni7,087.2 TZS millionQ1 2026
Mabadiliko ya mwaka-18.5%-1,611.2 TZS million

Sequential quarter-only observations from the official statement. The quarterly balance sheet is excluded because the printed totals do not reconcile.

Kufikia 31 Mac 2026 · Chanzo: TOL Gases official disclosures. Thamani kamili na mbinu zinabaki katika jedwali la ushahidi tuli lililo hapa chini.

Hatua za kampuni · kama zilivyoripotiwa

Historia ya gawio na mtaji

Hali ya “imependekezwa” haibadilishwi kuwa “imetangazwa” au “imelipwa” bila ushahidi wa baadaye. Tarehe za hatua zisizojulikana zinaachwa bila kutajwa badala ya kukisiwa.

Utawala · rekodi ya nyaraka

Taarifa za bodi na uhakiki

Maktaba ya vyanzo

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 4,534 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

Ukaribuni wa nyaraka

41 official DSE filingsLatest normalized documentary date: 2026-05-29. The complete DSE register is indexed separately; reporting periods remain distinct from market dates.
04

Comparison boundary

IAKampuni zilizojumuishwa zimeainishwa na KCP kwa aina ya biashara. Dar es Salaam Stock Exchange huchapisha kiwango cha faharasa ya IA (kilichoonyeshwa hapo juu na kuthibitishwa dhidi ya DSE), lakini haichapishi jedwali la kampuni zake; hivyo upangaji huu ni wa KCP, si uthibitisho wa uanachama wa faharasa ya DSE. EABL (East African Breweries) imeorodheshwa katika masoko zaidi ya moja na imewekwa hapa kwa aina ya biashara pamoja na Tanzania Breweries; uainishaji wake katika faharasa ya DSE haujathibitishwa.

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 authorityTOL Gases Plc financial reports and news

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, 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.

Kwa taarifa na elimu pekee; si ushauri wa uwekezaji, kisheria au kodi, pendekezo, ofa wala mwaliko wa kufanya muamala.

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.

Taarifa ya utawalaUmiliki binafsi wa mwanzilishi/mkuu

Hakuna nafasi binafsi: Arthur George Kanza, mwanzilishi na mkuu wa KCP, ametangaza kwamba hana nafasi binafsi katika TOL (TOL Gases).

Inatumika tangu 14 Aug 2026 · Sera →