The overall revenue of listed companies rose by 5.7% during the first nine months of 2025 compared to the same period in 2024, reaching 18.5 billion dinars, according to the note on the “Evolution of Listed Companies’ Revenues as of September 30, 2025,” published by the Tunis Stock Exchange.
A total of 81% of the companies that released their indicators, 58 out of 72, improved their cumulative revenues compared to the same period last year.
The 20 companies making up the Tunindex20 accounted for 12 billion dinars, or 65% of total revenues, marking an increase of 3.8% year-on-year.
Cumulative net banking product: 5,470 million dinars
In the banking sector, the cumulative net banking product of the 12 listed banks reached 5,470 million dinars during the first nine months of 2025, up 4.7% compared to the same period in 2024.
Meanwhile, the net leasing income of the seven listed leasing companies rose by 7.1%, reaching 439 million dinars.
The financial sector also benefited from the improved performance of the seven listed insurance companies, which issued 1,376 million dinars in premiums, up from 1,282 million dinars, representing a 7.3% increase.
Overall, the financial sector grew by 5.3%, with total revenues amounting to 7,322 million dinars.
Consumer goods sector
The combined revenues of the three major agrifood groups, Délice Holding, Poulina Group Holding and SFBT, rose by 4.3% to 4,818 million dinars.
Similarly, the aggregate turnover of the four listed automobile dealers (excluding UADH) increased by 26.2% as of September 30, 2025, reaching 1,116 million dinars.
Consumer services sector
The combined turnover of the two listed retail chains improved by 13.4% to 1,491 million dinars.
Sector performance
Overall, nine sectors recorded positive performances. The best results were achieved by the Tech sector (+22.9%) and the consumer services sector (+13.2%).
Out of 11 subsectors (excluding media), eight posted positive performances, the best being Distribution (+13.2%), Chemicals (+8.5%) and Insurance (+7.3%).
The largest revenue increases were recorded by TUNINVEST SICAR (+171.6%), STA (+54.1%), ARTES (+39.3%) and NEW BODY LINE (+34.9%).
The sharpest declines were posted by companies from various sectors, including SIMPAR (-78.5%), EUROCYCLES (-13.1%), CARTHAGE CEMENT (-11.8%) and **STIP (-11%).
Tunindex performance: +24.62%
The Tunindex, the benchmark index of the Tunis Stock Exchange, rose by 24.62% as of September 30, 2025, compared to an increase of 13.77% during the same period in 2024.
The Tunindex20 followed a similar trend, climbing 26.43% compared to 15.71% in the same period of 2024.
Sector indices
Out of the 12 sector indices published by the Tunis Stock Exchange, 10 posted positive performances at the end of the third quarter of 2025.
The top performers were the consumer services index (+54.42%), the Distribution index (+54.42%) and the Financial Services index (+39.65%).
In contrast, the Building and Construction Materials index fell by 4.94%, while the Industries index declined by 1.61%.
As of October 20, 2025, the regulatory deadline, 41 listed companies had published their Q3 2025 performance indicators, representing 55% of the market.
By October 28, 2025, this number had increased to 72 companies, or 96% of the listings.
As of today, three companies have not yet released their indicators: AETECH, TUNISAIR and UADH.
