Tanzania Cigarette Income Statement

Financials in millions TZS. Fiscal year is January - December.

Millions TZS. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	508,100	507,281	454,629	373,527	340,604	312,855
Revenue Growth (YoY)	7.63%	11.58%	21.71%	9.67%	8.87%	11.99%
Cost of Revenue	190,176	193,135	174,544	169,430	149,763	140,907
Gross Profit	317,924	314,146	280,085	204,097	190,841	171,948
Selling, General & Admin	112,073	111,172	97,692	98,318	84,582	86,112
Operating Expenses	112,093	111,096	97,666	98,313	84,502	87,154
Operating Income	205,831	203,050	182,419	105,784	106,339	84,794
Interest Expense	-2,721	-2,647	-4,068	-3,322	-2,054	-1,549
Interest & Investment Income	1,410	998	1,015	885	416	954
Other Non Operating Income (Expenses)	-5,482	-5,713	-11,103	-4,365	-4,105	-2,705
EBT Excluding Unusual Items	199,038	195,688	168,263	98,982	100,596	81,494
Gain (Loss) on Sale of Assets	-	-	149	101	6,168	4,841
Pretax Income	199,088	195,688	168,412	99,083	106,764	86,335
Income Tax Expense	61,874	60,307	53,139	32,850	37,558	26,780
Net Income	137,214	135,381	115,273	66,233	69,206	59,555
Net Income to Common	137,214	135,381	115,273	66,233	69,206	59,555
Net Income Growth	8.84%	17.44%	74.04%	-4.30%	16.20%	65.78%
Shares Outstanding (Basic)	100	100	100	100	100	100
Shares Outstanding (Diluted)	100	100	100	100	100	100
Shares Change (YoY)	0.00%	-0.01%	-	-	-	-
EPS (Basic)	1372.02	1354.00	1152.73	662.33	692.06	595.55
EPS (Diluted)	1372.02	1354.00	1152.73	662.33	692.06	595.55
EPS Growth	8.83%	17.46%	74.04%	-4.30%	16.20%	65.78%
Free Cash Flow	127,124	130,648	77,576	66,943	55,863	51,266
Free Cash Flow Per Share	1271.13	1306.66	775.76	669.43	558.63	512.66
Dividend Per Share	1050.000	1050.000	850.000	500.000	670.000	550.000
Dividend Growth	23.53%	23.53%	70.00%	-25.37%	21.82%	-
Gross Margin	62.57%	61.93%	61.61%	54.64%	56.03%	54.96%
Operating Margin	40.51%	40.03%	40.13%	28.32%	31.22%	27.10%
Profit Margin	27.01%	26.69%	25.36%	17.73%	20.32%	19.04%
Free Cash Flow Margin	25.02%	25.75%	17.06%	17.92%	16.40%	16.39%
EBITDA	217,523	214,771	194,235	116,928	120,632	98,501
EBITDA Margin	42.81%	42.34%	42.72%	31.30%	35.42%	31.49%
D&A For EBITDA	11,692	11,721	11,816	11,144	14,293	13,707
EBIT	205,831	203,050	182,419	105,784	106,339	84,794
EBIT Margin	40.51%	40.03%	40.13%	28.32%	31.22%	27.10%
Effective Tax Rate	31.08%	30.82%	31.55%	33.15%	35.18%	31.02%
Advertising Expenses	-	-	4,676	5,597	4,946	2,830

Source: S&P Global Market Intelligence. Standard template. Financial Sources.