T
Tiger Brands Ltd
JSE:TBS
Tiger Brands Ltd
JSE:TBS
Price:
29 910
Zac
0.92%
Market Closed
Market Cap:
50.9B
ZAR
Income Statement
Earnings Waterfall
Tiger Brands Ltd
Tiger Brands Ltd
Income Statement
Tiger Brands Ltd
Tiger Brands Ltd
Currency: ZAR
| Sep-2002 | Mar-2003 | Sep-2003 | Mar-2004 | Sep-2004 | Mar-2005 | Sep-2005 | Mar-2006 | Sep-2006 | Mar-2007 | Sep-2007 | Mar-2008 | Sep-2008 | Mar-2009 | Sep-2009 | Mar-2010 | Sep-2010 | Mar-2011 | Sep-2011 | Mar-2012 | Sep-2012 | Mar-2013 | Sep-2013 | Mar-2014 | Sep-2014 | Mar-2015 | Sep-2015 | Mar-2016 | Sep-2016 | Mar-2017 | Sep-2017 | Mar-2018 | Sep-2018 | Mar-2019 | Sep-2019 | Mar-2020 | Sep-2020 | Mar-2021 | Sep-2021 | Mar-2022 | Sep-2022 | Mar-2023 | Sep-2023 | Mar-2024 | Sep-2024 | Mar-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
2
|
0
|
4
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
191
|
0
|
390
|
0
|
418
|
110
|
229
|
275
|
298
|
262
|
176
|
99
|
86
|
0
|
14
|
0
|
60
|
0
|
8
|
0
|
44
|
0
|
221
|
0
|
265
|
0
|
12
|
|
| Revenue |
20 182
N/A
|
21 735
+8%
|
23 039
+6%
|
24 412
+6%
|
25 422
+4%
|
20 681
-19%
|
15 374
-26%
|
15 047
-2%
|
16 514
+10%
|
16 040
-3%
|
16 210
+1%
|
17 188
+6%
|
19 888
+16%
|
21 123
+6%
|
20 430
-3%
|
19 463
-5%
|
19 316
-1%
|
19 468
+1%
|
20 430
+5%
|
21 682
+6%
|
22 677
+5%
|
24 529
+8%
|
27 004
+10%
|
28 487
+5%
|
30 072
+6%
|
29 711
-1%
|
28 660
-4%
|
29 404
+3%
|
30 588
+4%
|
31 673
+4%
|
31 298
-1%
|
30 589
-2%
|
28 365
-7%
|
28 013
-1%
|
28 579
+2%
|
28 430
-1%
|
29 796
+5%
|
31 057
+4%
|
30 954
0%
|
31 267
+1%
|
34 029
+9%
|
36 651
+8%
|
37 389
+2%
|
36 138
-3%
|
33 494
-7%
|
33 846
+1%
|
34 392
+2%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(14 478)
|
(19 747)
|
(17 507)
|
(22 171)
|
(23 052)
|
(16 433)
|
(13 052)
|
(8 836)
|
(10 030)
|
(9 866)
|
(10 303)
|
(11 148)
|
(13 241)
|
(14 087)
|
(13 283)
|
(12 241)
|
(12 037)
|
(12 164)
|
(12 794)
|
(13 664)
|
(14 466)
|
(16 224)
|
(18 566)
|
(19 713)
|
(20 540)
|
(19 992)
|
(18 981)
|
(19 621)
|
(20 870)
|
(21 526)
|
(20 856)
|
(20 257)
|
(19 107)
|
(19 156)
|
(19 475)
|
(19 450)
|
(20 837)
|
(21 760)
|
(22 144)
|
(22 600)
|
(23 713)
|
(25 982)
|
(27 048)
|
(25 867)
|
(23 740)
|
(23 792)
|
(23 620)
|
|
| Gross Profit |
5 704
N/A
|
1 988
-65%
|
5 532
+178%
|
2 243
-59%
|
2 370
+6%
|
4 248
+79%
|
2 322
-45%
|
5 996
+158%
|
6 484
+8%
|
6 175
-5%
|
5 907
-4%
|
6 040
+2%
|
6 647
+10%
|
7 036
+6%
|
7 148
+2%
|
7 222
+1%
|
7 279
+1%
|
7 305
+0%
|
7 636
+5%
|
8 018
+5%
|
8 211
+2%
|
8 306
+1%
|
8 438
+2%
|
8 774
+4%
|
9 532
+9%
|
9 719
+2%
|
9 680
0%
|
9 783
+1%
|
9 719
-1%
|
10 147
+4%
|
10 442
+3%
|
10 332
-1%
|
9 258
-10%
|
8 857
-4%
|
9 104
+3%
|
8 980
-1%
|
8 959
0%
|
9 297
+4%
|
8 810
-5%
|
8 667
-2%
|
10 316
+19%
|
10 670
+3%
|
10 340
-3%
|
10 272
-1%
|
9 754
-5%
|
10 054
+3%
|
10 772
+7%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(3 657)
|
(5)
|
(3 634)
|
(10)
|
(39)
|
(1 798)
|
(1)
|
(3 557)
|
(3 818)
|
(3 633)
|
(3 662)
|
(3 669)
|
(4 019)
|
(4 060)
|
(4 014)
|
(4 008)
|
(4 264)
|
(4 331)
|
(4 392)
|
(4 644)
|
(4 737)
|
(4 953)
|
(5 361)
|
(5 564)
|
(6 016)
|
(6 017)
|
(5 647)
|
(5 665)
|
(5 615)
|
(5 849)
|
(5 918)
|
(5 979)
|
(5 969)
|
(6 040)
|
(5 934)
|
(4 372)
|
(6 481)
|
(6 575)
|
(6 575)
|
(6 517)
|
(6 885)
|
(7 376)
|
(7 222)
|
(7 145)
|
(6 916)
|
(6 807)
|
(6 940)
|
|
| Selling, General & Administrative |
(1 982)
|
0
|
(2 431)
|
0
|
0
|
(1 321)
|
0
|
(2 665)
|
(2 940)
|
(2 815)
|
(2 760)
|
(2 818)
|
(3 053)
|
(3 125)
|
(3 036)
|
(3 052)
|
(3 183)
|
(3 252)
|
(3 303)
|
(3 370)
|
(3 456)
|
(3 626)
|
(3 793)
|
(4 017)
|
(4 251)
|
(4 267)
|
(4 235)
|
(4 288)
|
(4 230)
|
(4 341)
|
(4 368)
|
(4 464)
|
(4 504)
|
(4 590)
|
(4 596)
|
(4 595)
|
(4 839)
|
(4 887)
|
(4 902)
|
(5 040)
|
(5 270)
|
(5 548)
|
(5 612)
|
(5 509)
|
(5 162)
|
(5 084)
|
(5 285)
|
|
| Research & Development |
(65)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Depreciation & Amortization |
(224)
|
(3)
|
0
|
(10)
|
(39)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Other Operating Expenses |
(1 386)
|
0
|
(1 203)
|
0
|
0
|
(477)
|
0
|
(892)
|
(878)
|
(818)
|
(901)
|
(852)
|
(966)
|
(934)
|
(979)
|
(957)
|
(1 081)
|
(1 080)
|
(1 089)
|
(1 275)
|
(1 281)
|
(1 328)
|
(1 568)
|
(1 549)
|
(1 765)
|
(1 751)
|
(1 412)
|
(1 377)
|
(1 385)
|
(1 507)
|
(1 550)
|
(1 515)
|
(1 465)
|
(1 450)
|
(1 338)
|
223
|
(1 643)
|
(1 688)
|
(1 673)
|
(1 477)
|
(1 615)
|
(1 828)
|
(1 610)
|
(1 636)
|
(1 754)
|
(1 723)
|
(1 655)
|
|
| Operating Income |
2 047
N/A
|
1 984
-3%
|
1 898
-4%
|
2 232
+18%
|
2 330
+4%
|
2 452
+5%
|
2 321
-5%
|
2 654
+14%
|
2 666
+0%
|
2 542
-5%
|
2 245
-12%
|
2 371
+6%
|
2 628
+11%
|
2 976
+13%
|
3 133
+5%
|
3 214
+3%
|
3 016
-6%
|
2 972
-1%
|
3 244
+9%
|
3 374
+4%
|
3 474
+3%
|
3 352
-4%
|
3 077
-8%
|
3 210
+4%
|
3 517
+10%
|
3 702
+5%
|
4 033
+9%
|
4 117
+2%
|
4 103
0%
|
4 299
+5%
|
4 524
+5%
|
4 353
-4%
|
3 289
-24%
|
2 817
-14%
|
3 170
+13%
|
4 608
+45%
|
2 478
-46%
|
2 723
+10%
|
2 236
-18%
|
2 150
-4%
|
3 431
+60%
|
3 294
-4%
|
3 118
-5%
|
3 126
+0%
|
2 838
-9%
|
3 247
+14%
|
3 832
+18%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(268)
|
(186)
|
(172)
|
(182)
|
(172)
|
(293)
|
(131)
|
(317)
|
(79)
|
(19)
|
19
|
31
|
19
|
(120)
|
(21)
|
146
|
188
|
251
|
221
|
200
|
297
|
289
|
163
|
125
|
207
|
257
|
459
|
537
|
718
|
560
|
362
|
503
|
725
|
600
|
2 041
|
385
|
362
|
242
|
349
|
361
|
516
|
486
|
490
|
458
|
454
|
600
|
627
|
|
| Non-Reccuring Items |
31
|
(16)
|
16
|
(148)
|
(124)
|
(35)
|
(113)
|
278
|
466
|
117
|
204
|
89
|
13
|
(26)
|
344
|
119
|
(188)
|
(1)
|
127
|
153
|
5
|
(3)
|
(7)
|
(828)
|
(1 016)
|
(240)
|
(393)
|
(300)
|
(324)
|
(298)
|
(583)
|
(999)
|
(620)
|
(4)
|
132
|
(667)
|
(569)
|
50
|
(138)
|
(170)
|
12
|
35
|
(10)
|
84
|
244
|
1 671
|
1 607
|
|
| Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
17
|
0
|
(17)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
0
|
0
|
(1)
|
0
|
0
|
(1)
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
0
|
1
|
0
|
(1)
|
1
|
(1)
|
(10)
|
0
|
(11)
|
0
|
(12)
|
0
|
(19)
|
0
|
(35)
|
0
|
(13)
|
(2)
|
(16)
|
0
|
(50)
|
0
|
(49)
|
0
|
(45)
|
0
|
(47)
|
0
|
(44)
|
0
|
(60)
|
|
| Pre-Tax Income |
1 810
N/A
|
1 783
-1%
|
1 741
-2%
|
1 902
+9%
|
2 034
+7%
|
2 123
+4%
|
2 077
-2%
|
2 614
+26%
|
3 053
+17%
|
2 640
-14%
|
2 468
-7%
|
2 491
+1%
|
2 660
+7%
|
2 847
+7%
|
3 457
+21%
|
3 463
+0%
|
3 016
-13%
|
3 223
+7%
|
3 592
+11%
|
3 726
+4%
|
3 777
+1%
|
3 637
-4%
|
3 223
-11%
|
2 507
-22%
|
2 696
+8%
|
3 719
+38%
|
4 087
+10%
|
4 354
+7%
|
4 478
+3%
|
4 561
+2%
|
4 267
-6%
|
3 857
-10%
|
3 382
-12%
|
3 411
+1%
|
5 326
+56%
|
4 326
-19%
|
2 220
-49%
|
3 015
+36%
|
2 399
-20%
|
2 341
-2%
|
3 915
+67%
|
3 814
-3%
|
3 551
-7%
|
3 668
+3%
|
3 492
-5%
|
5 518
+58%
|
6 006
+9%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(578)
|
(559)
|
(549)
|
(652)
|
(659)
|
(615)
|
(571)
|
(607)
|
(730)
|
(736)
|
(741)
|
(735)
|
(826)
|
(920)
|
(978)
|
(934)
|
(840)
|
(907)
|
(1 014)
|
(1 029)
|
(1 029)
|
(930)
|
(834)
|
(839)
|
(832)
|
(877)
|
(977)
|
(1 091)
|
(1 209)
|
(1 252)
|
(1 234)
|
(1 113)
|
(835)
|
(812)
|
(965)
|
(863)
|
(727)
|
(821)
|
(597)
|
(575)
|
(1 020)
|
(959)
|
(817)
|
(779)
|
(724)
|
(1 726)
|
(1 912)
|
|
| Income from Continuing Operations |
1 233
|
1 224
|
1 193
|
1 249
|
1 375
|
1 508
|
1 506
|
2 007
|
2 323
|
1 904
|
1 727
|
1 756
|
1 834
|
1 927
|
2 479
|
2 527
|
2 176
|
2 316
|
2 578
|
2 698
|
2 748
|
2 708
|
2 390
|
1 668
|
1 864
|
2 842
|
3 110
|
3 262
|
3 269
|
3 309
|
3 033
|
2 745
|
2 546
|
2 599
|
4 361
|
3 463
|
1 493
|
2 193
|
1 802
|
1 766
|
2 895
|
2 855
|
2 734
|
2 889
|
2 768
|
3 792
|
4 094
|
|
| Income to Minority Interest |
(50)
|
(43)
|
(27)
|
(17)
|
(19)
|
(13)
|
(12)
|
(9)
|
(20)
|
(44)
|
(50)
|
(55)
|
(71)
|
(83)
|
(49)
|
2
|
17
|
17
|
6
|
10
|
(30)
|
17
|
22
|
162
|
127
|
82
|
12
|
(30)
|
(26)
|
(26)
|
(22)
|
(25)
|
(27)
|
(25)
|
(28)
|
(27)
|
(26)
|
(27)
|
(29)
|
(29)
|
(31)
|
(34)
|
(37)
|
(39)
|
(29)
|
(28)
|
(34)
|
|
| Equity Earnings Affiliates |
177
|
126
|
93
|
75
|
40
|
0
|
71
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Net Income (Common) |
1 360
N/A
|
1 308
-4%
|
1 258
-4%
|
1 308
+4%
|
1 396
+7%
|
1 523
+9%
|
1 565
+3%
|
2 017
+29%
|
2 303
+14%
|
2 120
-8%
|
2 243
+6%
|
2 353
+5%
|
2 274
-3%
|
2 173
-4%
|
2 486
+14%
|
2 541
+2%
|
2 192
-14%
|
2 332
+6%
|
2 584
+11%
|
2 680
+4%
|
2 718
+1%
|
2 756
+1%
|
2 569
-7%
|
1 890
-26%
|
2 020
+7%
|
2 727
+35%
|
1 727
-37%
|
2 091
+21%
|
3 306
+58%
|
3 289
-1%
|
3 119
-5%
|
2 839
-9%
|
2 401
-15%
|
2 426
+1%
|
3 863
+59%
|
2 779
-28%
|
1 014
-64%
|
2 053
+102%
|
1 893
-8%
|
1 722
-9%
|
2 865
+66%
|
2 820
-2%
|
2 697
-4%
|
2 921
+8%
|
2 983
+2%
|
3 686
+24%
|
3 817
+4%
|
|
| EPS (Diluted) |
8.11
N/A
|
7.83
-3%
|
7.44
-5%
|
7.78
+5%
|
8.26
+6%
|
9.23
+12%
|
9.31
+1%
|
12.6
+35%
|
14.38
+14%
|
13.08
-9%
|
14.01
+7%
|
14.52
+4%
|
14.3
-2%
|
13.75
-4%
|
15.73
+14%
|
16.08
+2%
|
13.61
-15%
|
14.48
+6%
|
15.95
+10%
|
16.45
+3%
|
16.67
+1%
|
16.9
+1%
|
15.66
-7%
|
11.59
-26%
|
12.31
+6%
|
16.62
+35%
|
10.5
-37%
|
12.67
+21%
|
19.91
+57%
|
19.69
-1%
|
18.77
-5%
|
17.22
-8%
|
14.51
-16%
|
14.59
+1%
|
23.25
+59%
|
16.67
-28%
|
6.07
-64%
|
12.25
+102%
|
11.3
-8%
|
10.39
-8%
|
17.38
+67%
|
18.03
+4%
|
17
-6%
|
18.41
+8%
|
18.87
+2%
|
23.34
+24%
|
24.48
+5%
|
|
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