The Tunis Stock Exchange has released its annual review of listed companies’ financial performance for the 2025 fiscal year, painting a broadly optimistic picture of resilience and growth across the majority of issuers on the Tunisian market.
Of the 75 companies listed on the exchange, 65 have so far published their financial statements. The aggregate net profit for these enterprises reached 3,179 million dinars (MD) in 2025, up from 2,967 MD in 2024, a notable year-on-year increase of 7.2%.
In detail, 35 companies reported improved profit performances. However, 10 firms are still lagging behind in publishing their annual indicators, including Tunisair, Alkimia, Somocer, and TGH.
Tunindex 20 leads the charge
Unsurprisingly, the market’s heavyweight players were the primary drivers of this overall performance. The 20 constituents of the benchmark Tunindex20 alone captured 82% of the total net profit generated on the exchange. Their combined earnings came in at 2,593 MD, advancing 7.1% compared to the previous year.
Several standout individual performances within this flagship index are worth highlighting. BIAT delivered a spectacular leap in profits, posting 467.1 MD, a sharp 23.1% surge. Poulina Group Holding demonstrated robust financial health with 204.9 MD (+26.41%), while STAR recorded a remarkable climb to 38.9 MD (+41.46%).
Conversely, some significant declines acted as a drag on the index, most notably Carthage Cement (-42.9% to 40.1 MD) and STB (-35.5% to 58.7 MD).
Financial sector remains dominant
The 29 financial-sector companies recorded aggregate growth of 6%, generating 2,066 MD. The 12 listed banks led the way with combined profits of 1,728 MD (+6.7%), more than offsetting a 7.5% contraction in leasing companies’ earnings.
The Consumer Services sector delivered the strongest sectoral performance, with profits jumping 27.3%. This was largely fueled by a dramatic turnaround in major retail chains (Monoprix and Magasin Général), which posted a combined positive result of 7.6 MD, a stark reversal from a combined loss of 3 MD in 2024.
Automobile dealerships (excluding UADH) also saw their aggregate earnings rise 16.3%, reaching 146 MD.
Consumer goods gain, construction lags
The Consumer Goods sector recorded a 10.4% increase. Tunisia’s top three agribusiness players—Poulina Group Holding, Délice Holding, and SFBT—together generated 615 MD, representing a 12.7% year-over-year improvement.
Still, some dark clouds remain. The building and construction materials sector contracted by 2.5%, while the basic materials industry declined by 6.9%.
Dividend payout on a rising trend
Dividend distribution policy continued its upward trajectory for the third consecutive year. In 2026, for the 2025 fiscal year, 51 listed companies distributed profits to shareholders, compared with 49 in the previous year.
The total amount distributed, including pending proposed resolutions from ordinary general meetings, reached a substantial 1,727 million dinars, up from 1,588 million dinars in 2024.
This steady improvement reinforces retail investor confidence and underlines the enduring attractiveness of the Tunis financial marketplace, even against the backdrop of a broadly challenging global economic environment.
