South Africa’s biggest food producer firing on all cylinders

Tiger Brands expects to report a strong set of results for its 2025 financial year, with earnings growth of up to 50%.

Tiger Brands is South Africa’s largest food producer, with well-known brands like Jungle, Tastic, Doom, All Gold, Oros and KOO in its portfolio.

On Monday, 10 November, the food producer released a trading update outlining its expected performance for the year through September 2025.

The company expects to deliver an “exceptional performance” for its 2025 financial year, with core revenue growth across all its business units.

“The revenue growth is particularly noteworthy, despite sustained pressure on consumer disposable income, and price deflation across key soft commodities,” the company said. 

“Building on the momentum established in the first half of FY25, volume growth is expected across most business units, with notable recovery in the second half from Milling and Baking, Grains, and Home Care.”

Tiger Brands attributed this strong performance to its continuous improvement initiatives of value engineering, factory efficiencies and logistics optimisation. 

“These were a key driver of the double-digit operating margin from continuing operations,” it said.

This strong performance comes as the group has been implementing a turnaround plan under CEO Tjaart Kruger, a food producer stalwart who was appointed in 2023 to get the company back on track.

Since Kruger took over, Tiger Brands has seen its share price rise by over 100% and its efficiency has significantly improved.

This is set to continue in the 2025 financial year, with the company expecting substantial earnings growth. 

Tiger Brands projected that its earnings per share from continuing operations will increase by between 45% and 50%, while headline earnings per share will grow by between 25% and 30%.

Notably, these figures exclude Tiger Brands’ discontinued operations, with the food producer currently on a selling spree as it looks to optimise its portfolio.

In the 2025 financial year, Tiger Brands entered into agreements to sell its stakes in Langeberg and Ashton Foods, as well as Chocolaterie Confiserie Camerounaise SA.

When looking at the group’s total operations, earnings per share are expected to increase by between 25% and 30%, and headline earnings per share by between 10% and 15%.

Tiger Brands is set to release its annual results for the 2025 financial year on 26 November 2025.