TAWASOL Group has kicked off 2026 with a robust financial performance, reporting a 14.3% rise in first-quarter revenue, driven primarily by a sharp acceleration in its domestic operations.
For the three months ending March 31, 2026, the group generated total revenue of 20.7 million dinars, up from 18 million dinars during the same period last year.
The standout performer was the group’s local market activity. Subsidiaries recorded a 39% surge in domestic revenue, climbing from 8 million to 11.1 million dinars.
This strong home-market performance more than compensated for a modest 5% decline in export revenues, which stood at 9.5 million dinars.
Management attributed the export dip to the specific execution cycles of major international projects.
TAWASOL’s production capacity followed a similar upward trajectory. Total output reached 20.4 million dinars, representing a 13.6% year-on-year increase.
According to the group, this reflects strong order book execution, particularly within its Services & Infrastructure and Industries divisions.
In a sign of renewed confidence and growth ambitions, the group has also revived its investment drive. After reporting no investments in Q1 2025, TAWASOL injected 0.8 million dinars in the first three months of this year.
The bulk of these funds is earmarked for the Services & Infrastructure unit to bolster operational capacity.
Perhaps the most striking highlight of the quarterly report is the group’s dramatic debt reduction. Total indebtedness fell by 23.6% year-on-year, to 42.2 million dinars as of March 31, 2026, down from over 55 million dinars a year earlier.
“This development confirms the trajectory of financial structure rationalization initiated in previous fiscal years,” the group stated.
The deleveraging was broad-based: medium- and long-term debt dropped sharply by 34.5%, from 31.53 million to 20.6 million dinars, while short-term debt was reduced by 9.2%, to 21.6 million dinars.
