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Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text; matched to OCR text and compared cell by cell with the page image; read from the page image) (17 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review

Tanzania Portland Cement

TPCC · Dar es Salaam Stock Exchange · Incorporated in Tanzania · Consolidated statements

On this page
Company details
Legal name
Tanzania Portland Cement Public Limited Company
Incorporated in
Tanzania
Listing
TPCC on the Dar es Salaam Stock Exchange, active (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
31 December

Overview

Year ended 31 December 2025 · annual report, signed / final · source

  • Revenue

    TZS 448 billion

    447,848,479 TZS thousands · p36

    −0.2% vs 2024

  • Operating profit / (loss)

    TZS 74.8 billion

    74,750,397 TZS thousands · p36

    −5.7% vs 2024

  • Profit / (loss) for the year

    TZS 52.4 billion

    52,387,989 TZS thousands · p36

    −7.6% vs 2024

  • Total assets

    TZS 442 billion

    441,656,379 TZS thousands · p37

    −8.6% vs 2024

  • Total equity

    TZS 261 billion

    261,232,831 TZS thousands · p37

    −17.6% vs 2024

  • Cash from operations

    TZS 84.0 billion

    83,975,705 TZS thousands · p40

    −32.3% vs 2024

Large amounts are rounded for reading (TZS million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in TZS thousands unless the row says otherwise; brackets are negative.

† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table

Column sources

  • FY2025 — annual report, signed / final; reported for the year · source
  • FY2024 — annual report, signed / final; comparative in the FY2025 filing · source
  • FY2023 — annual report, signed / final; comparative in the FY2024 filing · source

Income statement

Income statement, TZS thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filingFY2023Annual reportcomparative in FY2024 filing
Revenue from contracts with customers 447,848,479 448,586,092 490,171,829
Cost of sales (333,237,722) (339,399,436) (330,443,277)
Gross profit 114,610,757 109,186,656 159,728,552
Other operating income 5,860,963 949,361 9,745,144
Selling and marketing costs (3,836,365) (3,638,392) (5,891,729)
Net charge of expected credit losses (593,287) (187,251) (11)
Administrative costs (25,325,354) (24,667,805) (29,440,015)
Other operating expenses (23,918,915) (2,663,934)1 (1,504,148)
Net gain on foreign currency translation23 7,952,598 301,919 8,795,332
Operating Profit 74,750,397 79,280,5544 141,433,125
Finance income 1,705,941 2,579,964 3,092,852
Finance costs (908,742) (627,587) (1,051,474)
Finance income - net5 797,199 1,952,377 2,041,378
Profit before tax 75,547,596 81,232,9316 143,474,503
Income tax expense (23,159,607) (24,559,288)7 (44,290,757)
Profit for the year 52,387,989 56,673,643 99,183,746
Re-measurement losses on defined benefit plan8 (258,092) (230,280) (278,660)
Income tax effect9 77,427 69,084 83,598
Other comprehensive loss for the year10 (180,665) (161,196) (195,062)
Total comprehensive income for the year, net of tax 52,207,324 56,512,447 98,988,684
Equity shareholders11 52,218,656 56,512,447 Not reported in this filing12
Non-controlling interests13 (11,332) –14 Not reported in this filing15
  1. Printed “-”; reading unresolved, so no amount is shown. Printed dash for 2024 (no non-controlling interest share of the 2024 result); no printed subtotal confirms the nil.
Notes and alternative reported figures (14)
  1. Annual report dated 2025-06-09 prints (2,663,963) (thousands, p26) for this line and year.
  2. “Net gain on foreign currency translation” is an issuer-specific line, not mapped to a shared definition: Note 17: net foreign exchange result, within operating profit.
  3. Printed under different labels across filings: “Net (loss)/gain on foreign currency translation”; “Net gain on foreign currency translation”.
  4. Annual report dated 2025-06-09 prints 79,280,525 (thousands, p26) for this line and year.
  5. “Finance income - net” is an issuer-specific line, not mapped to a shared definition: Finance income less finance costs.
  6. Annual report dated 2025-06-09 prints 81,232,902 (thousands, p26) for this line and year.
  7. Annual report dated 2025-06-09 prints (24,559,259) (thousands, p26) for this line and year.
  8. “Re-measurement losses on defined benefit plan” is an issuer-specific line, not mapped to a shared definition: OCI, not reclassified (note 31).
  9. “Income tax effect” is an issuer-specific line, not mapped to a shared definition: Tax on the OCI item (note 34).
  10. Printed under different labels across filings: “Other comprehensive income for the year”; “Other comprehensive loss for the year”.
  11. “Equity shareholders” is an issuer-specific line, not mapped to a shared definition: Printed under 'Attributable to:'.
  12. Not reported in this filing: Not printed for 2023: the line 'Equity shareholders' carries a 2024 amount (56,512,447) only; the 2023 column is left blank (p26, checked on the page image).
  13. “Non-controlling interests” is an issuer-specific line, not mapped to a shared definition: Printed under 'Attributable to:'.
  14. Not reported in this filing: Not printed for 2023: the line 'Non-controlling interests' carries a 2024 amount (-) only; the 2023 column is left blank (p26, checked on the page image).

Balance sheet

Balance sheet, TZS thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filingFY2023Annual reportcomparative in FY2024 filing
Property, plant and equipment 160,388,889 142,081,650 135,386,743
Intangible assets 797,216 826,625 858,706
Goodwill1 2,500,362 2,500,362 –2
Deferred income tax asset 2,000,456 –2 Not reported in this filing3
Land and mineral reserves4 40,829,723 40,829,723 –2
Leasehold land5 897,391 925,237 953,083
Right of use assets 166,025 169,345 1,004,266
Other non-current financial assets6 –2 19,000 352,000
Non-current assets (unlabelled subtotal) 207,580,062 187,351,942 138,554,798
Inventories 96,471,667 85,199,372 91,459,061
Trade receivables7 52,509,970 63,855,135 61,659,567
Other short-term operating receivables8 30,576,153 25,955,778 19,652,739
Current income tax recoverable 5,022,679 4,834,448 2,450,612
Other current financial assets9 19,000 420,000 540,000
Cash and cash equivalents10 49,476,848 115,333,919 131,369,615
Current assets (unlabelled subtotal) 234,076,317 295,598,652 307,131,594
TOTAL ASSETS 441,656,379 482,950,594 445,686,392
Share capital 3,598,462 3,598,462 3,598,462
Retained earnings 255,565,721 311,300,924 324,958,486
Equity attributable to owners of the parent 259,164,183 314,899,386 328,556,948
Non-controlling interest 2,068,648 2,079,980 –11
Total equity 261,232,831 316,979,366 328,556,948
Lease liabilities 184,380 185,130 185,766
Employment benefit obligations 6,211,403 5,416,086 5,386,658
Provision for quarry site restoration12 5,644,940 5,231,232 4,573,453
Deferred income tax liability –13 6,784,850 10,559,783
Non-current liabilities (unlabelled subtotal) 12,040,723 17,617,298 20,705,660
Lease liabilities 751 636 963,806
Employment benefit obligations14 477,811 925,948 562,206
Trade and other payables 129,097,322 132,787,068 81,389,778
Provisions 34,455,547 11,785,869 10,583,245
Dividend payable 4,351,394 2,854,409 2,924,749
Current liabilities (unlabelled subtotal) 168,382,825 148,353,930 96,423,784
TOTAL EQUITY AND LIABILITIES 441,656,379 482,950,594 445,686,392
Investment in subsidiary15 –16 –16 –2
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_assets.
  2. Printed “-”, read as nil: subtotal_arithmetic: bs.total_equity.
  3. Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_liabilities.
  4. Printed “-”; reading unresolved, so no amount is shown. Printed dash, read on the page image (p37); recorded as printed and not interpreted as nil.
Notes and alternative reported figures (12)
  1. “Goodwill” is an issuer-specific line, not mapped to a shared definition: Note 21: goodwill on the acquisition of the subsidiary.
  2. Not reported in this filing: Not printed: no deferred tax asset line in the statement of financial position (p27).
  3. “Land and mineral reserves” is an issuer-specific line, not mapped to a shared definition: Note 45: land and mineral reserves (group).
  4. “Leasehold land” is an issuer-specific line, not mapped to a shared definition: Note 20: leasehold land (prepaid operating lease).
  5. “Other non-current financial assets” is an issuer-specific line, not mapped to a shared definition: Note 27.
  6. “Trade receivables”: mapping to a shared definition is uncertain. Trade receivables only; other receivables are printed apart (note 26).
  7. “Other short-term operating receivables” is an issuer-specific line, not mapped to a shared definition: Note 26: other receivables, printed apart from trade receivables.
  8. “Other current financial assets” is an issuer-specific line, not mapped to a shared definition: Note 27.
  9. Printed under different labels across filings: “Cash and bank balances”; “Cash and cash equivalents”.
  10. “Provision for quarry site restoration” is an issuer-specific line, not mapped to a shared definition: Note 33: non-current.
  11. “Employment benefit obligations” is an issuer-specific line, not mapped to a shared definition: Note 31: current portion.
  12. “Investment in subsidiary” is an issuer-specific line, not mapped to a shared definition: Note 23: the company's investment in its subsidiary; nil (dash) in the Group columns.

Cash flow

Cash flow, TZS thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filingFY2023Annual reportcomparative in FY2024 filing
Cash flows before changes in working capital items1 126,537,432 104,163,4292 148,404,952
Inventories - gross434 (13,932,295) 5,977,170 (7,966,182)
Trade receivables - gross5 11,355,832 (2,382,821)6 (8,098,464)
Other short-term operating receivables578 (5,224,329) (5,968,453) 4,540,996
Other financial assets9 420,000 453,000 282,000
Trade and other payables61011 (3,689,746) 50,630,378 2,995,383
Net working capital adjustments12 (11,070,538) 48,709,27413 (8,246,267)
Corporation tax paid (32,055,717) (30,648,973) (46,686,343)
Payment to post employment benefit - Benefit payments14 (911,808) (748,563) (519,139)
Interest received 1,705,941 2,579,964 3,092,852
Interest paid -bank loan (229,605) –15 Not reported in this filing16
Net cash inflows from operating activities 83,975,705 124,055,13117 96,046,055
Proceeds from disposal of property, plant and equipment 39,831 38,559 8,540,612
Payment for capital works-in-progress and PPE (38,066,475) (28,107,089) (11,966,203)
Investment in subsidiary18 –19 –19 –19
Payment for acquisition of subsidiary, net of cash acquired20 –19 (39,694,744) –19
Net cash flows used in investing activities (38,026,644) (67,763,274) (3,425,591)
Dividends paid (106,456,874) (70,240,349) (70,150,633)
Payment of lease liabilities - principal and interest21 (33,076) (1,024,557) (3,998,998)
Net cash flows used in financing activities (106,489,950) (71,264,906) (74,149,631)
Net decrease in cash and cash equivalents22 (60,540,889) (14,973,049)23 18,470,833
Net unrealised exchange gain (5,316,182) (1,062,647)24 7,386,138
Cash and cash equivalents at 01 January 115,333,919 131,369,615 105,512,644
Cash and cash equivalent at 31 December 49,476,848 115,333,919 131,369,615
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_operations.
  2. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
Notes and alternative reported figures (22)
  1. “Cash flows before changes in working capital items” is an issuer-specific line, not mapped to a shared definition: Profit before tax plus non-cash adjustments (p40).
  2. Annual report dated 2025-06-09 prints 104,163,400 (thousands, p30) for this line and year.
  3. “Inventories - gross4” is an issuer-specific line, not mapped to a shared definition: Working capital change (footnote 4: excludes fair value and transfers from capital items).
  4. Printed under different labels across filings: “Inventories - gross*”; “Inventories - gross4”.
  5. “Trade receivables - gross” is an issuer-specific line, not mapped to a shared definition: Working capital change.
  6. Annual report dated 2025-06-09 prints (2,382,819) (thousands, p30) for this line and year.
  7. “Other short-term operating receivables5” is an issuer-specific line, not mapped to a shared definition: Working capital change (footnote 5).
  8. Printed under different labels across filings: “Other short-term operating receivables*”; “Other short-term operating receivables5”.
  9. “Other financial assets” is an issuer-specific line, not mapped to a shared definition: Working capital change.
  10. “Trade and other payables6” is an issuer-specific line, not mapped to a shared definition: Working capital change (footnote 6).
  11. Printed under different labels across filings: “Trade and other payables*”; “Trade and other payables6”.
  12. “Net working capital adjustments” is an issuer-specific line, not mapped to a shared definition: Total of the working capital adjustments (p40).
  13. Annual report dated 2025-06-09 prints 48,709,276 (thousands, p30) for this line and year.
  14. “Payment to post employment benefit - Benefit payments” is an issuer-specific line, not mapped to a shared definition: Operating (note 31).
  15. Not reported in this filing: Not printed: no interest-paid line in the statement of cash flows (p30).
  16. Annual report dated 2025-06-09 prints 124,055,104 (thousands, p30) for this line and year.
  17. “Investment in subsidiary” is an issuer-specific line, not mapped to a shared definition: Investing (note 23); nil for the group in both years.
  18. “Payment for acquisition of subsidiary, net of cash acquired” is an issuer-specific line, not mapped to a shared definition: Investing (note 23).
  19. “Payment of lease liabilities - principal and interest”: mapping to a shared definition is uncertain. Principal and interest of lease liabilities, one line.
  20. Printed under different labels across filings: “Net (decrease)/increase in cash and cash equivalents”; “Net decrease in cash and cash equivalents”.
  21. Annual report dated 2025-06-09 prints (14,973,076) (thousands, p30) for this line and year.
  22. Annual report dated 2025-06-09 prints (1,062,620) (thousands, p30) for this line and year.

Per share and shares

Per share and shares. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filingFY2023Annual reportcomparative in FY2024 filing
Earnings / (loss) per share (per share)1 291 315 551
Notes and alternative reported figures (1)
  1. Earnings / (loss) per share: printed as “Basic and diluted earnings per share (TZS)”.

Segments

Segment data not yet collected for this company in the pilot.

Dividends

Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.

Dividend events, the issuer's wording, and amounts as printed
Year endedEventWording as printedAmountUnitSource
31 Dec 2025 Dividends paid (cash flow statement) Dividends paid (106,456,874) TZS thousands Annual report, p40
31 Dec 2024 Dividends paid (cash flow statement) Dividends paid (70,240,349) TZS thousands Annual report, p40
31 Dec 2023 Dividends paid (cash flow statement) Dividends paid (70,150,633) TZS thousands Annual report, p30

Sources

Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.

  • Tanzania Portland Cement Public Limited Company Annual Report and Financial Statements for the year ended 31 December 2025

    Year ended 31 December 2025 · Annual report · signed / final

    Audit: PricewaterhouseCoopers, Certified Public Accountants (Tanzania), unmodified opinion · signed

    Auditor's sign-off: Cletus Kiyuga, ACPA-PP 1981, for and on behalf of PricewaterhouseCoopers

    Final status: Independent auditor's report by PricewaterhouseCoopers, Certified Public Accountants, signed by hand by Cletus Kiyuga (ACPA-PP 1981) for and on behalf of the firm, Dar es Salaam, 'Date: 19 May 2026' with the day handwritten (PDF p35, scanned, page image); the opinion is on PDF p32. The statement of financial position states authorisation for issue by a resolution of the board passed on '19' (handwritten) May 2026 and carries the hand signatures of directors Alfonso Velez and Ruth Zaipuna (PDF p37, page image; OCR reads the handwritten day as '12', the render shows 19).

    Document date
    19 May 2026
    Auditor's report
    19 May 2026
    Board approval
    19 May 2026
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025, FY2024
    Basis
    consolidated statements · TZS thousands (printed “TZS '000”)
    • No total-liabilities line and no labels on the non-current asset, current asset, non-current liability and current liability subtotals are printed (p37). The OCR of p37 drops the labels of the first two asset rows (property, plant and equipment; intangible assets) and the dashes; those rows are anchored on the preceding printed text and the dashes recorded from the render.
    • The cash-flow statement deducts 'Net unrealised exchange gain' (5,316,182) after the net decrease in cash to reach closing cash (p40); recorded as the exchange effect on cash.
    • Total comprehensive income is attributed to equity shareholders (52,218,656) and non-controlling interests ((11,332); 2024: dash) (p36); profit attributable to owners (52,399,321) is printed only in the statement of changes in equity (p38), not transcribed.
    Technical details
    File
    85 pages, with a text layer
    SHA-256
    0f0f685fd85deab0ae69dc681380cf84d33aaf05ccfb1854c7656e4d23ee06cc
    Entity as printed
    Tanzania Portland Cement Public Limited Company (TPCPLC) and its subsidiary Mamba Cement Company Limited (the Group)
    Exchange copy
    retrieved 2026-10-08T18:10:25Z

  • Tanzania Portland Cement Public Limited Company Annual Report and Financial Statements for the year ended 31 December 2024

    Year ended 31 December 2024 · Annual report · signed / final

    Audit: PricewaterhouseCoopers, Certified Public Accountants (Tanzania), unmodified opinion · signed

    Auditor's sign-off: Cletus Kiyuga, ACPA-PP 1981, for and on behalf of PricewaterhouseCoopers

    Final status: Independent auditor's report by PricewaterhouseCoopers, Certified Public Accountants, signed by hand by Cletus Kiyuga (ACPA-PP 1981) for and on behalf of the firm, Dar es Salaam, 'Date: 9 June 2025' with the day handwritten (PDF p25, scanned, page image); the opinion is on PDF p22. The statement of financial position states authorisation for issue by a resolution of the board passed 'on ____ June 2025' (the day is left blank) and carries the hand signatures of directors Alfonso Velez and Oswald Urassa (PDF p27, page image).

    Document date
    9 Jun 2025
    Auditor's report
    9 Jun 2025
    Board approval
    date left blank in this document
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2023
    Basis
    consolidated statements · TZS thousands (printed “TZS '000”)
    • The auditor's opinion cites 'the Companies Act, No.12 of 2022' (p22) while the rest of the report cites the Companies Act, No. 12 of 2002 (pp24-25); recorded as printed.
    • Board approval date left blank: 'authorised for issue in accordance with a resolution of the Board of directors passed on ____ June 2025' (p27, page image).
    • No total-liabilities line and no labels on the non-current asset, current asset, non-current liability and current liability subtotals are printed (p27); those subtotals are anchored on the preceding printed row and dashes OCR does not return are recorded from the render.
    • The cash-flow statement deducts 'Net unrealised exchange gain' ((1,062,620); 2023: 7,386,138) after the net change in cash to reach closing cash (p30); recorded as the exchange effect on cash.
    • Mamba Cement Company Limited was acquired in 2024 (auditor's key audit matter, p23); the Group 2023 comparatives equal the Company figures. Total comprehensive income is attributed to equity shareholders (56,512,447) and non-controlling interests (dash) for 2024 only (p26).
    Technical details
    File
    85 pages, with a text layer
    SHA-256
    3e3795c7cfc078ae74957b51e977daacf9d54e4c1f3dd4de41208731689b0ee3
    Entity as printed
    Tanzania Portland Cement Public Limited Company (TPCPLC) and its subsidiary Mamba Cement Company Limited (the Group)
    Exchange copy
    retrieved 2026-10-08T18:19:03Z

Data notes

No figure-level notes beyond those in the tables.

Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text; matched to OCR text and compared cell by cell with the page image; read from the page image) (17 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

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Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.

Tanzania country page · Company methodology and coverage