Tiger Brands achieves US$1Billion in revenues for H1 2025
The highest-performing division was snacks, treats, and beverages, which experienced a revenue increase of 6.1%, driven by double-digit growth in products like Oros and Jungle health bars.
SOUTH AFRICA – Tiger Brands has reported its results for the first half of 2025, covering the six months ending March 31, 2025.
The company achieved a 1.9% increase in revenue from continuing operations, with an improvement in operating margin to 9.6%, reflecting a gain of 210 basis points.
Total revenue reached R18.482 billion (US$1.029 billion), of which R16.680 billion (US$929.8 million) came from its core business.
Underlying volume growth, which excludes the effects of discontinued divisions or products, rose by 2.6%.
The culinary segment also saw a revenue growth of 5.0%, supported by promotional strategies aimed at recovering market share locally, although this was offset by challenges faced in Mozambique.
Revenue in the grain business remained flat, while the milling and baking segment saw a slight revenue increase of 0.4% due to price inflation.
However, increased competition in pricing and innovation in personal care, as well as supply issues in the home care unit, led to a 4.8% revenue decline in that division.
Tiger Brands has improved its cash position by divesting non-core businesses, including Carozzi, Baby Wellbeing, Maize operations, and the anticipated sale of Langeberg & Ashton Foods.
The company continues to streamline its operations; it has reduced its stock-keeping units (SKUs) by 23% since FY24, allowing it to concentrate on core categories and divest from non-strategic areas.
Tiger Brands has also identified its subsidiary in Cameroon, Chococam, as non-core and plans to sell it, along with King Food. Revenue from Chococam declined compared to the same period in 2024, primarily due to the appreciation of the rand.
However, local currency performance showed a 1.1% increase in volume and a 2.6% rise in revenue.
Tiger Brands’ strategic priorities focus on driving affordability across its categories, rejuvenating brands to capture market share, and enhancing its presence through partnerships in modern trade and food service innovation.
The company recognizes geopolitical uncertainty, macroeconomic challenges, supply constraints, and heightened competition as significant barriers.
In light of the ongoing financial pressures faced by consumers in South Africa, Tiger Brands intends to continue prioritizing affordability while innovating in areas such as healthy products, product tiers, and packaging formats to promote margin growth.
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