2025
INTEGRATED ANNUAL REPORTfor the year ended 30 September 2025

OUR INVESTMENT CASE

WHY INVEST IN TIGER BRANDS

Consumer-centric strategy to drive growth and restore profitability.

1
Leading listed
african consumer
player
  • The leading fast-moving consumer goods (FMCG) group in South Africa and Southern Africa
  • Capital light, low risk, proven key distributor export model providing access to growth markets across the African continent
  • The ability to drive growth and operational efficiencies in South Africa, realise commensurate returns with our key distributor model outside of South Africa, and execute disciplined capital allocation, are how we drive long-term value
  • Economies of scale provide competitive advantage
1
Simplified
portfolio with 16
market-leading
focus brands
  • Tiger Brands constitutes ~30% of the South African shopping basket underpinned by heritage brands
  • Presence across channels, through formal retail, wholesale, independent and general trade markets
  • Largest and most diversified collection of leading brands in South Africa

Click on a logo to see the ranking.

1
Federated, agile
operating model
  • Structural investments underway to maintain market leadership and drive sustainable growth and profitability post the turnaround phase
  • Clear category level strategies responding to market and consumer trends, maintain competitive advantage and deepen channel presence
1
Attractive financial
profile and earnings
momentum delivering
shareholder value
  • Strong cash generation and dividend profile throughout the cycle
  • Market-leading shareholder returns over the past two years, with current initiatives supporting momentum
  • Identified and communicated category-level initiatives to deliver value in the medium term
1
Platform
well-positioned
for growth
  • Entrenched capital allocation framework at the centre of maximising shareholder value
  • Balance sheet strength provides capital allocation optionality to target accretive organic and inorganic opportunities