Based on its individual financial statements as of December 31, 2025, the industrial company specialized in the manufacturing and processing of cheese products achieved a top-tier financial performance, driven by solid operational efficiency and sustained business growth.
Land’Or closed the 2025 financial year with a turnover of 201.6 million Tunisian dinars (MD), compared to 189.4 MD in 2024, representing a clear increase of 6.5% (+12.2 MD). This expansion in overall commercial activity helped absorb the continued rise in operating expenses, particularly cost of goods sold, which amounted to 135.8 MD.
Operating income followed a similarly positive trajectory, reaching 21.3 MD compared to 19.8 MD a year earlier, showing a growth of 7.6%. This profitability reflects the company’s strong control over its industrial processes at its historic plant in Khélidia (Ben Arous), despite an inflationary environment weighing on raw material prices.
Net profit soars
The true feat of the year lies in the optimization of the company’s overall performance. Land’Or’s net income for 2025 rose to 13 MD, compared to 10.5 MD in 2024. This spectacular increase of 23.2% confirms the group’s financial strength and the relevance of its accounting and financial decisions.
This performance materialized through a substantial strengthening of the company’s financial base: shareholders’ equity after appropriations climbed to 117.7 MD (compared to 110.3 MD in 2024).
An analysis of the financial structure reveals excellent cash flow management. The strong generation of liquidity allowed Land’Or to simultaneously pursue a dual strategy of reducing its long-term debt and making investments.
Focus on International Expansion and Subsidiary Restructuring
Non-current liabilities (long-term borrowings) decreased from 25.7 MD to 22.7 MD. At the same time, the company made a significant investment effort, allocating 10.9 MD to the acquisition of tangible and intangible fixed assets, aiming to modernize its production facility and information systems (the SAP software package being among its key technological assets).
The year 2025 was also marked by major strategic events at the group level. A notable highlight of the year: Land’Or successfully recovered a receivable of 8 MD from its subsidiary Land’Or Morocco (relating to the 2021 and 2022 fiscal years).
A strong signal to investors, proving the gradual recovery of activity in the Cherifian (Moroccan) market.
As evidence of its regional ambitions, the company participated in the capital increase of its entity LANDOR MEA FOOD & BEVERAGES TRADING L.L (LMEA) to the tune of 641 thousand dinars, thereby consolidating its commercial foothold in the Middle East and Africa region.
