South Africa’s biggest food producer gives R5.8 billion special ‘gift’ to shareholders

Tiger Brands has reported another set of strong results, as the food producer’s turnaround plan is paying dividends.

As the biggest food producer in South Africa, Tiger Brands operates through a host of well-known local brands, including Jungle, Tastic, All Gold, and KOO.

Following a few years of decline and financial struggles, the group has been implementing a turnaround plan under CEO Tjaart Kruger, a food industry stalwart who was appointed in 2023 to get the company back on track.

This plan has involved disposing of certain assets to streamline the group’s portfolio and implementing stringent cost-cutting measures.

These efforts have achieved significant success for Tiger Brands so far, which can clearly be seen in the group’s 2025 financial year results.

On Wednesday, 26 November, Tiger Brands released its results for the year ended 30 September 2025.

Compared to the 2024 financial year, the company’s revenue increased by 2.68% to R34.39 billion. The group’s intense cost-cutting efforts paid off, as its cost of sales decreased by 0.51% to R23.62 billion.

This allowed the group’s profit for the year from continuing operations to increase by a notable 47.90% to reach R4.09 billion.

When including its discontinued operations, the company recorded a total profit of R3.85 billion, up 27.86%.

Tiger Brands’ basic earnings per share grew by 29.68% to 2,482 cents per share, which includes the 180 cents per share loss it made from its discontinued operations.

Its headline earnings per share from total operations increased by 15% to 2,056 cents per share.

The company said these strong results were achieved despite a constrained consumer environment, which saw local households remain under pressure and value-seeking.

Tiger Brands said this led the company to focus on providing value for consumers, with management executing continuous improvement (CI) and strategic pricing initiatives.

These efforts resulted in increased affordability of the company’s products. These CI initiatives included value engineering, logistics optimisation, and factory efficiencies. 

On the back of these strong results, Tiger Brands declared a final dividend of 1,229 cents per share.

This, together with the interim dividend of 415 cents per share, brings the total ordinary dividend for the year to 1,644 cents per share, a 59% increase compared to 2024.

Tiger Brands also declared a final special dividend of 2,710 cents per share, which, combined with its interim special dividend declared earlier in the year, brings the total special dividend to 3,926 cents per share, amounting to R5.8 billion.