Poulina Group Holding (PGH) has confirmed its status as a driving force of the Tunisian economy, reporting robust first-half 2026 results that showcase accelerating growth and aggressive investment.
The multi-sector giant recorded consolidated revenue of 2,118 million dinars for the six months ending June 30, 2026, marking a 7.9% increase year-on-year. The performance was underpinned by a particularly dynamic second quarter, which saw revenue jump 14.1%.
Q2 acceleration across local and export markets
Activity indicators point to a remarkable acceleration in financial performance during the second quarter of 2026, with revenue reaching 1,091 million dinars, compared to 956.7 million in Q2 2025.
Local market sales soared by 14.1% in the second quarter, bringing the half-year cumulative total to 1,939 million dinars (+8.2% overall). Meanwhile, exports staged a vigorous rebound, rising 14.3% in Q2 to reach 179 million dinars over the entire semester (+4.5% year-on-year).
Strategic investments double
The standout development of the first half lies in the group’s investment strategy, with capital expenditures doubling to 143.5 million dinars, up from 70.5 million dinars in H1 2025.
These funds are being channeled into strategic expansion projects across PGH’s core business clusters:
– Poultry division: 44.5 million dinars
– Agro-food division: 26.1 million dinars
– Building materials division: 1.3 million dinars
– Steel transformation division: 2.1 million dinars
The significant capex ramp-up signals the group’s commitment to capacity expansion and vertical integration across its key industrial platforms.
Healthy debt restructuring
On the balance sheet front, banking debt stood at 1,224 million dinars at the end of June, down 2.8% compared to end-December 2025. Notably, the group has undertaken a marked restructuring in favor of medium-term loans, which now account for 815.3 million dinars dedicated to structuring investments, while short-term credit facilities declined to 409.4 million dinars.
This improved debt maturity profile reflects stronger financial discipline and aligns with the group’s long-term industrial roadmap.
Outlook
With double-digit top-line growth in the second quarter, a doubling of strategic investments, and a healthier debt structure, Poulina Group Holding continues to demonstrate operational resilience and an offensive business plan.
