for the year ended 30 September 2024
Evidence of our turnaround strategy and new operating model are beginning to take effect, with stronger second-half performance under difficult trading conditions
Revenue
2023: R37,4 billion
Group operating income*
2023: R3,1 billion
Income from associates
2023: R697 million
EPS
2023: 1 725cps
HEPS
2023: 1 735cps
Final dividend
2023: 671cps
Total dividend
2023: 991cps
Tiger Brands is one of Africa's largest listed manufacturers of fast-moving consumer goods (FMCG). Our core business is the manufacture, marketing and distribution of everyday branded food and beverages.
Our products are relevant across every meal occasion and are well-positioned to grow. The portfolio also includes leading brands in the home and personal care segments, supported by a growing presence in Africa.
Growing southern Africa's leading consumer goods company that places the consumer at the centre of everything, through our people, with the most accessible loved brands.
We nourish and nurture more lives every day.
Sustainable profitable growth and market leadership.
Tiger Brands has shown robust recovery under particularly tough market conditions, with share price appreciation over the past year suggesting investor confidence in our turnaround strategy. This underscores the need for continued strong focus on driving cost leadership, focusing on affordability as a growth platform, and significantly strengthening our presence in the general trade segment.
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In taking on my role as CEO of Tiger Brands a year ago, it was evident that the culture needed a reset. The major contribution to this would be changing the operating model and getting the business to focus on the basics again. Despite a tough operating environment, we have seen encouraging progress on the turnaround initiatives.
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Tiger Brands' results for the 12 months ended 30 September 2024 reflect a robust set of results, on the back of the implementation of the new federated operating model, and a new management team in place from April 2024. The performance for the second half of 2024 (H2) exceeded expectations, showing credible traction.
Read More Our core business is providing everyday branded food to large and growing markets, primarily in South Africa and neighbouring countries. We target best-in-class profitability, underpinned by a cost-leadership culture and a strong commitment to sustainable agricultural sourcing.
Revenue: R8,2 billion 2023: R9,1 billion
Operating income: R0,63 billion 2023: R0,68 billion
Milling and Baking:
Revenue: R8,5 billion 2023: R8,4 billion
Operating income: R0,09 billion 2023: R0,20 billion
Grains:
Revenue: R8,9 billion 2023: R8,4 billion
Operating income: R0,82 billion 2023: R0,54 billion
Culinary:
Revenue: R5,8 billion 2023: R5,3 billion
Operating income: R0,72 billion 2023: R0,67 billion
Snacks and Treats:
Beverages:
Revenue: R3,7 billion 2023: R3,6 billion
Operating income: R0,67 billion 2023: R0,66 billion
Personal care:
Home care:
Baby:
Revenue: R2,6 billion 2023: R2,6 billion
Operating income: R0,32 billion 2023: R0,31 billion
International operations:
Deciduous fruit:
