Tiger Brands Limited (JSE:TBS)

Tiger Brands Income Statement

Financials in millions ZAR. Fiscal year is October - September.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021
Operating Revenue	34,392	37,662	37,389	34,029	31,209
Other Revenue	-	-	-	-	-254.9
Revenue	34,392	37,662	37,389	34,029	30,954
Revenue Growth (YoY)	-8.68%	0.73%	9.87%	9.93%	3.89%
Cost of Revenue	23,620	26,992	27,048	23,713	22,144
Gross Profit	10,772	10,670	10,340	10,316	8,810
Selling, General & Admin	5,286	5,652	5,671	5,257	4,953
Other Operating Expenses	1,655	1,926	1,747	1,805	1,673
Operating Expenses	6,940	7,558	7,359	7,075	6,575
Operating Income	3,832	3,113	2,982	3,241	2,236
Interest Expense	-72	-265.2	-220.9	-44.2	-8.4
Interest & Investment Income	19	42	47.9	36.9	20.6
Earnings From Equity Investments	376	724.3	696.6	478	345.9
Currency Exchange Gain (Loss)	107	-51.1	-33.6	45.7	-8.7
Other Non Operating Income (Expenses)	768	-62.4	-47	-44.9	-48.6
EBT Excluding Unusual Items	5,030	3,500	3,425	3,713	2,536
Gain (Loss) on Sale of Investments	996	1.3	7.7	-3	-10.8
Gain (Loss) on Sale of Assets	-	248.7	33	-	43
Asset Writedown	-20	-26.8	-50.9	-12.9	-154.2
Other Unusual Items	-	-	-	-	-15.8
Pretax Income	6,006	3,755	3,551	3,915	2,399
Income Tax Expense	1,912	799.3	817.1	1,020	596.7
Earnings From Continuing Operations	4,094	2,955	2,734	2,895	1,802
Earnings From Discontinued Operations	-243	102.2	-	-	119.8
Net Income to Company	3,851	3,058	2,734	2,895	1,922
Minority Interest in Earnings	-34	-29	-36.7	-30.6	-28.5
Net Income	3,817	3,029	2,697	2,865	1,893
Net Income to Common	3,817	3,029	2,697	2,865	1,893
Net Income Growth	26.04%	12.28%	-5.84%	51.31%	86.64%
Shares Outstanding (Basic)	154	156	156	163	166
Shares Outstanding (Diluted)	156	158	159	165	168
Shares Change (YoY)	-1.40%	-0.37%	-3.75%	-1.60%	0.35%
EPS (Basic)	24.82	19.42	17.25	17.62	11.42
EPS (Diluted)	24.49	19.16	17.00	17.38	11.30
EPS Growth	27.83%	12.69%	-2.17%	53.78%	86.00%
Free Cash Flow	4,656	3,619	721.4	1,029	2,283
Free Cash Flow Per Share	29.87	22.89	4.55	6.24	13.63
Dividend Per Share	-	10.340	9.910	9.730	8.260
Dividend Growth	-	4.34%	1.85%	17.80%	53.82%
Gross Margin	31.32%	28.33%	27.66%	30.31%	28.46%
Operating Margin	11.14%	8.27%	7.97%	9.52%	7.22%
Profit Margin	11.10%	8.04%	7.21%	8.42%	6.12%
Free Cash Flow Margin	13.54%	9.61%	1.93%	3.02%	7.38%
EBITDA	4,689	3,857	3,683	3,876	2,846
EBITDA Margin	13.63%	10.24%	9.85%	11.39%	9.20%
D&A For EBITDA	857	744.5	701.8	634.6	610.8
EBIT	3,832	3,113	2,982	3,241	2,236
EBIT Margin	11.14%	8.27%	7.97%	9.52%	7.22%
Effective Tax Rate	31.84%	21.29%	23.01%	26.04%	24.88%
Revenue as Reported	-	-	-	-	30,954

Updated Mar 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.