The Grombalia-based industrial flagship reported an 8.3% rise in turnover, invests heavily in R&D, and published its first ESG report.
The 2025 fiscal year closed on a positive note for SIAME, the industrial jewel of Grombalia. The company saw its revenue grow by 8.3% to 46.5 million dinars, up from 43 million dinars in 2024.
This momentum was driven mainly by the local market and the state-owned utility STEG. Sales to STEG jumped by nearly 4 million dinars. International sales also continued to expand, reaching 16.8 million dinars.
Net income contracted slightly to 3.2 million dinars (compared with 3.3 million dinars in 2024), reflecting sustained profitability despite higher operating expenses and financial costs linked to the business cycle.
Innovation and R&D
SIAME is not just managing its existing assets, it is investing heavily in the future. As of December 31, 2025, the company had capitalized nearly 9.7 million dinars in research and development expenses.
“The amortization method for these expenses is directly linked to the expected future benefits from the sale or use of new products,” the statutory auditors stated in their report.
This innovation strategy is evident on the balance sheet, where ongoing development projects now represent a gross value of 5.43 million dinars.
2025: Year One of ESG Transparency
The major new development this year is the publication of the company’s first ESG (Environmental, Social, and Governance) report. With this step, SIAME aligns itself with international standards and the recommendations of the Tunis Stock Exchange.
Despite an increase in activity, SIAME managed to reduce its energy intensity ratio by 16.13%. In addition, the company boasts strong female representation, with women making up 57.5% of its workforce. Moreover, 100% of employees are covered by collective bargaining agreements.
