The 71 companies listed on the Tunis Stock Exchange that published their first-quarter 2026 indicators posted combined revenues of 6.4 billion dinars, compared with 6.2 billion dinars during the same period in 2025, marking a 4.0% increase.
Three-quarters of the companies, 53 out of 71, improved their revenues. The four companies that had not published their figures at the time of release were Alkimia, Aetech, Assad, and UADH.
Financial sector remains the clear market driver
The financial sector as a whole grew by 7.1%, well above the market average. The 12 listed banks generated a combined net banking income of 1.876 billion dinars in Q1 2026, up from 1.758 billion dinars a year earlier, representing growth of 6.8%.
The seven leasing companies recorded 148 million dinars in revenues (+7.2%), while the seven insurance companies posted 614 million dinars in written premiums (+8.3%), the strongest performance within the financial sector.
Insurance led the way, notably driven by BH Assurance (+28.2%) and the two Maghrebia entities (+10.4% and +10.2%).
Banks: BIAT alone exceeds 300 million dinars
Banque Internationale Arabe de Tunisie (BIAT) largely dominated the rankings with net banking income of 398.5 million dinars (+3.5%), representing 21.2% of the total NBI generated by the 12 listed banks.
Together with Banque Nationale Agricole (BNA), which posted 278.5 million dinars (+10%), the two banks accounted for 36.1% of total listed banking income. The top three banks: BIAT, BNA, and Attijari Bank (189.6 million dinars, +4.3%), represented 46.2% of the total.
Amen Bank (+13.5% to 170.4 million dinars) and Arab Tunisian Bank (+13.2% to 103.9 million dinars) recorded the strongest growth among the major banks.
Société Tunisienne de Banque was the only bank to post a slight decline (-0.3% to 163.5 million dinars).
Wifack International Bank, the smallest bank in the ranking with 28.1 million dinars, posted the strongest growth among banks of significant size at +17%.
Mixed sectoral performances
Out of nine sectors, six posted gains.
The telecommunications sector delivered the best performance at +11.3%, driven by Tawasol Group Holding (+14.3%) and SOTETEL (+7.5%).
Basic materials plunged 23.6%, weighed down by Industries Chimiques du Fluor (-47.8%) and Sotipapier (-31.1%).
The oil and gas sector declined 17.4%, with Sotrapil as the sector’s sole listed company.
Indices rise sharply
The Tunindex gained 14.24% in Q1 2026, compared with 10.25% in Q1 2025. The Tunindex20 rose 14.05%.
The Consumer Services index was the best performer at +20.98%, followed by the food processing sector at +19.34%.
Only one index remained in negative territory: Household Products and Personal Care, down 1.92%.
Fastest-growing companies
SITS recorded the most spectacular increase (+316.2%), with revenues rising from 1.7 million to 6.9 million dinars, albeit from a very low base.
STA (+146.3%), Essoukna (+68.5%) and Bank of Tunisia and Emirates (+36.8%) also posted strong growth.
On the downside, Simpar (-99.2%) and Industries Chimiques du Fluor (-47.8%) recorded the steepest declines.
Three key takeaways
Among the top five growth performers, SITS and STA benefited from very low comparison bases, making their percentage gains impressive but with limited macroeconomic significance.
In banking, BIAT overwhelmingly dominates in size, generating 21% of total listed banking income, though its growth rate (+3.5%) was among the weakest. The real momentum leaders were Amen Bank and ATB, both gaining ground on the market leaders.
Finally, the banking sector’s 6.8% growth outperformed the overall listed market’s 4.0% increase, confirming that finance remained the main driver of the Tunis Stock Exchange in Q1 2026.
