Tawasol Group Holding (TGH) closed the 2024 fiscal year on a positive note, recording a consolidated group share net profit of 1.15 million dinars, compared to a loss of 0.87 million dinars the year before.
This improvement marks a turnaround in the group’s financial performance, within an economic context characterized by pressures on financing costs and cash flow.
In 2024, the group’s consolidated revenues amounted to 72.1 million dinars, a level almost stable compared to 2023 (72.2 million dinars). This stability reflects the resilience of the group’s overall business.
The maintenance of revenue was primarily driven by sales and services, which saw a slight increase, offsetting the contraction in ancillary income.
Operating expenses decreased to 66.7 million dinars, compared to 67.8 million dinars in 2023. This evolution is explained notably by (i) a reduction in purchases of consumed supplies, (ii) a significant decrease in other operating expenses, which fell from 14.6 million dinars to 10.4 million dinars, and (iii) relative stability in personnel expenses, amounting to 8.4 million dinars.
Thanks to this operational discipline, the group generated a positive operating result of 6.2 million dinars, showing a slight improvement over the previous fiscal year.
Nevertheless, the financial result remains an area to watch. Net financial charges reached 9.2 million dinars, although improved compared to 2023 (10.7 million dinars).
In parallel, investment income saw a strong increase, reaching nearly 4 million dinars compared to 1 million dinars in 2023, making a significant contribution to the recovery in net profit.
