2025
INTEGRATED ANNUAL REPORTfor the year ended 30 September 2025

OUR KEY RELATIONSHIPS

We have developed and adopted a structured stakeholder relations strategy, aimed at ensuring a consistent and proactive approach to stakeholder engagement across the group.

In the tables below, we identify those stakeholder groups that have a material impact on our ability to create value. For each stakeholder group, we briefly review their contribution to value creation, our means of engaging with them, and their primary interests relating to Tiger Brands’ activities. Although we appreciate that there is often substantial diversity of perspective and interest within each group, we believe that the interests listed below are a sufficiently accurate reflection of each group’s most material interests of activities and performance.

We do not rate the quality of our relationships with each stakeholder group, as we do not believe it is possible or useful to generalise the quality of this relationship across an entire stakeholder category; the nature of these relationships can vary significantly between specific members within each stakeholder group, between different divisions within the company and the stakeholders, and at different times throughout the year.

Provide the capability, experience and innovation required to deliver on our business strategy

How we engage employees
  • CEO engagements
  • Virtual and in-person town hall meetings
  • Internal company website
  • ROAR app designed for employee engagement
  • Employee hotline
  • Site engagements
  • Focus groups
  • Extended leadership engagement sessions
  • Notice boards and digital signage
  • Employee resource groups and communities
Issues raised by employees
  • Talent and career development
  • Remuneration and rewards
  • Seamless and integrated employee experience platform
  • Safety, security and wellbeing
  • Strong internal engagement processes
  • Cross-functional teamwork and collaboration
  • Recognition and feedback
  • Opportunities to innovate and challenge the status quo
  • Speed and visibility of decisions
  • Work-life balance
Issues raised by employees
  • Our people strategy and operating model seek to address each one of our employee issues directly
  • Successful migration of all employees to our digital human capital management system – Workday. Employee feedback is solicited through our Voice of Tiger engagement and employee experience survey and pulse, which is conducted across all our sites in six languages
  • Specific actions to address key feedback areas
  • Fit-for-purpose people processes focusing on talent, capability development, leadership, rewards, wellbeing, engagement and culture
  • Our THRIVE employee wellbeing programme directly supports employees and their families by proactively managing their physical, emotional and mental wellbeing
  • Tiger Trolley, a digital staff shop, is a direct response to employee needs in a socio-economically challenged environment
  • See further details here.

Our retail, wholesale and general trade customers provide consumers with ready access to our products

How we engage customer
  • Senior leadership engagement (top-to-top) to align on business priorities, joint corporate initiatives, and optimised trading practices
  • Annual trading term negotiations to agree on shared growth ambitions and associated strategic business levers and investments to achieve set performance objectives
  • Joint category development planning to identify shared growth opportunities and agree joint action plans and investments
  • Regular action planning meetings to execute business plans, respond to tactical dynamics, and resolve operational issues to achieve our joint performance targets
  • Routine business review sessions to identify and address performance shortfalls as well as take advantage of new opportunities
Issues raised by customer
  • Trading terms and promotional pricing that are fair and equal, and that promote mutual profitable growth
  • Innovation, commercially attractive brand propositions, and marketing campaigns that appeal to their shoppers and drive profitable basket conversion
  • Operational systems and ways of working that enhance logistics and administrative efficiencies facilitating cost-effective speed to market and continuous supply
  • Stock availability and service levels
  • Competitive pricing
  • Promotional support
Responding to customer interests
  • Alignment of business priorities and commitment to shared growth ambitions and action plans
  • Collaborative cross-functional projects/initiatives to address prioritised business imperatives
  • Tailored solutions and campaigns in support of customer-specific growth opportunities and initiatives
  • Sharing of market/shopper research and knowledge to better inform business and category growth strategies
  • Proactive performance reviews that identify competitive growth opportunities and risks coupled with ideas and proposals
  • Utilising the Tiger basket to drive value-adding promotions through combos

By purchasing our products, and believing in our brands, they provide the basis for revenue growth

How we engage consumer
  • Tiger Brands website
  • Promotional activities and competitions
  • Information on our packaging
  • Research, including continuous engagement via consumer communities, online and offline qualitative studies, immersions, visual diaries and preparation
  • Neuroscience to identify implicit behaviour in-store and communication engagement
  • Consumer care line
  • Multi-channel approach as well as integration of online and offline channels to provide a seamless user engagement experience
  • Cooking shows and blogs
  • CSI activities, community programmes and feeding schemes
Issues raised by consumer
  • Affordable value-for-money tasty nutrition
  • Innovative products
  • Healthier choices
  • Food safety and product quality
  • Convenience
  • Business leadership on social, economic, and environmental issues
Responding to consumer interests
  • Tiger Brands’ portfolio aimed at democratising health and nutrition and driving affordable solutions through our iconic brands
  • Democratising health and nutrition through education of current offerings, innovating with product tiering of relevant brands, and value engineering to drive continuous improvement
  • Leveraging price pack architecture to provide consumers “more for less” and more affordable packaging formats
  • Through inter-department collaboration between the Consumer Contact Centre and Tiger Brands Quality Teams, product complaints have decreased year-on-year
  • Unconstrained localisation and sensory platforms to enable agility and innovation speed-to-market
  • KOO colour your plate television series (in its fourth season), to educate consumers on the versatility of KOO products in creating healthy and nutritious meals for the family

Provide the regulatory framework and informs the socio-economic context essential for our activities

How we engage government
  • One-on-one engagements
  • Engagements on draft regulations
  • Public forums
  • Industry consultative bodies
  • Parliamentary processes
  • Bilateral business forums
  • Site visits
Issues raised by government
  • Job creation and preservation
  • Economic development and growth of the township economy
  • Food safety and quality
  • Consumer nutrition and health
  • Delivering on broad-based black economic empowerment (B-BBEE)
  • Fostering growth and development of local agricultural sector
  • Contributing to relevant UN Sustainable Development Goals
Responding to government interests
  • Robust safety systems in place supported by academic partnerships and consumer campaigns
  • Public private partnerships to revitalise the economy (such as the Agri Processing Master Plan)
  • In-school breakfast programme in partnership with The Tiger Brands Foundation and the Department of Basic Education
  • Investment in B-BBEE-verified suppliers and promotion of socio-economic development
  • Internal drive to ensure representation at executive and management level
  • Investment in skills development, including future-fit skills
  • Active partnerships to promote agri-sector development and smallholder farmers as part of our core strategy; Culinary and Grains
  • Engage on draft policy and legislation

Provide the financial capital needed for long-term growth

How we engage investor
  • Annual and interim reports
  • Investor presentations
  • One-on-one meetings, non-deal roadshows, investor conferences
  • Site visits and themed investor days
  • SENS announcements
  • Dedicated investor relations function and mailbox
  • Website
Issues raised by investor
  • Growth of core categories beyond the turnaround phase of the business
  • Performance of key business units against scorecard
  • Visible execution of strategies in an increasingly constrained consumer environment and evolving retail landscape
  • Continuous improvement initiatives and roadmap
  • Enhanced returns and cash flows
  • Ability to attract and retain talent
  • ESG performance
Responding to investor interests
  • Provide bi-annual updates on progress in delivering on turnaround strategy and structural investments embarked on to ensure long-term sustainable growth and profitability, with progress specifically in continuing momentum and step-changing the performance of Milling and Baking, Grains and Culinary
  • Supplemented investor engagements with management, with additional conference added in FY25 before year end
  • Evidence of dedicated resources to accelerate execution of value engineering initiatives, logistics optimisation and factory efficiencies in delivering on continuous improvement savings
  • Continuation of annual governance roadshow to create a dialogue between the board and shareholders, giving confidence to our shareholders and contributing to better informed board deliberations
  • Comprehensive disclosure and updates on managing sustainability-related impacts, risks and opportunities

Provide the services and raw materials that form the basis of our products and activities

How we engage supplier
  • Supplier forums
  • Site visits
  • Supplier assessments
  • Supplier relationship management via digital platforms
  • Supplier satisfaction surveys
Issues raised by supplier
  • Timely payment and fair terms
  • Collaboration and partnering
  • B-BBEE commitments
  • Enterprise and supplier development
  • Health and safety standards
  • Ease of doing business through self-service portals
Responding to supplier interests
  • Negotiate with strategic suppliers to secure requirements
  • Collaborating with Tiger Brands’ Enterprise and Supplier Development programme to diversify the supply base with a focus on, black-owned and black women-owned suppliers
  • Engage key suppliers to drive procurement efficiencies and improve B-BBEE commitments and innovation
  • Reviewed supplier quality programme being rolled out in line with enhanced internal quality protocols
  • Utilise technology to enhance communication and administrative channels
  • Develop category strategies to work with suppliers beyond a price focus

Provide the social capital and licence to operate for the business to succeed

How we engage community
  • Community NGO implementation partnerships
  • Community social mapping to identify opportunities to share value
  • Community mobilisation and interaction on SED and ESD projects
  • Collaborative partnerships with industry peers
  • Site level steering committee comprising representatives from municipalities, communities and Tiger Brands’ sites
Issues raised by community
  • Food security and related nutrition issues
  • Stimulate economic activity to support and sustain community enterprise development and job creation
  • Impact of our operations on host communities
  • Employment and business opportunities
Responding to community interests
  • Partner with government, industry peers and developmental agencies to promote nutrition, health, and education, and contribute to community development and poverty alleviation
  • Initiatives in place on enterprise and supplier development, and community investment
  • Addressing environmental impacts of our operations on our host communities