Tanganda Tea Company has kicked off 2026 on a good note, with a 5% surge in revenue to US$4.65 million from US$4.44 million last year for the first quarter ended 31 December 2025, despite recording a US$538,497 loss. The company’s impressive performance is set to get a further boost from an upcoming US$8 million renounceable rights offer, which will be tabled for shareholder approval at an Extraordinary General Meeting (EGM) on 28 February 2026.
The funds raised from the rights offer will be strategically deployed to drive growth and improve operational efficiency. Key areas of focus include procurement of packaging materials, payment of salaries, replacement of the water bottling plant, and grid-tie of solar plants.
A closer look at Tanganda’s performance reveals some encouraging trends: bulk tea segment volumes rose 5% to 1,530 tonnes, driven by early rains, export volumes grew 3% to 1,170 tonnes, with avocado and macadamia harvest expected in Q2, and packed tea volumes jumped 37% to 453 tonnes, fueled by the availability of packaging material and increased informal sector sales.
With a stable macro-economic environment and a strong product portfolio, Tanganda’s outlook is decidedly positive. The company’s proactive approach to addressing operational challenges and investing in growth initiatives positions it well for sustained success.
