Tiger Brands Limited (JSE:TBS)

Tiger Brands Financials Overview

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

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021
Revenue Revenue Growth	34,629	34,392	33,494	37,389	34,029	30,954
Revenue Growth	0.69%	2.68%	-10.42%	9.87%	9.93%	3.89%
Gross Profit Gross Profit Growth	11,252	10,772	9,754	10,340	10,316	8,810
Operating Income Operating Income Growth	4,171	3,745	2,807	2,982	3,241	2,236
Net Income Net Income Growth	3,321	3,817	2,983	2,697	2,865	1,893
Earnings Per Share EPS Growth	21.92	24.49	18.88	17.00	17.38	11.30
EPS Growth	-10.51%	29.71%	11.06%	-2.17%	53.78%	86.00%

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Mar 31, 2026	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023
Milling and Baking Milling and Baking Growth	8,624	8,599	8,165	9,076
Domestic Operations - Food Domestic Operations - Food Growth	6,942	7,084	7,009	8,368
Culinary Culinary Growth	10,608	10,157	9,849	8,446
Snacks, Treats and Beverages Snacks, Treats and Beverages Growth	6,018	5,979	5,797	5,315
Home, Personal and Baby Care (HPCB) Home, Personal and Baby Care (HPCB) Growth	2,437	2,573	2,674	3,600
Total Total Growth	34,629	34,392	33,494	37,389

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021
Cash & Investments Cash & Investments Growth	992	4,765	1,625	775.9	1,116	2,162
Total Debt Total Debt Growth	2,604	357	1,242	2,095	1,494	567.3
Net Cash (Debt) Net Cash Growth	-1,612	4,408	383	-1,319	-377.8	1,595
Net Cash Growth	-	1050.91%	-	-	-	9.83%
Net Cash Per Share Net Cash Per Share Growth	-10.64	28.28	2.42	-8.31	-2.29	9.52

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021
Operating Cash Flow Operating Cash Flow Growth	4,630	5,828	4,555	1,934	2,033	3,297
Capital Expenditures CapEx Growth	-1,416	-1,172	-930	-1,213	-1,004	-1,014
Free Cash Flow Free Cash Flow Growth	3,214	4,656	3,625	721.4	1,029	2,283
Free Cash Flow Growth	-30.97%	28.44%	402.49%	-29.91%	-54.93%	61.63%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021
Gross Margin	32.49%	31.32%	29.12%	27.66%	30.31%	28.46%
Operating Margin	12.04%	10.89%	8.38%	7.97%	9.52%	7.22%
Pretax Margin	12.53%	17.46%	10.43%	9.50%	11.50%	7.75%
Profit Margin	9.59%	11.10%	8.91%	7.21%	8.42%	6.12%
FCF Margin	9.28%	13.54%	10.82%	1.93%	3.02%	7.38%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 10, 2026	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021
Dividend Per Share Dividend Per Share Growth	16.440	16.440	10.340	9.910	9.730	8.260
Dividend Per Share Growth	88.73%	58.99%	4.34%	1.85%	17.80%	53.82%
Dividend Yield	5.83%	6.03%	5.42%	8.31%	7.76%	6.27%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 10, 2026	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021
PE Ratio	13.28	12.04	12.17	8.90	9.56	16.38
Forward PE	12.74	15.58	12.45	9.30	11.47	12.55
P/FCF Ratio	12.83	9.87	10.02	33.26	26.61	13.58
PS Ratio	1.19	1.34	1.08	0.64	0.81	1.00

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Aug 7, 2026

Data Sources Report a data error