Les Industries Chimiques du Fluor (ICF), a major producer of aluminum fluoride in Tunisia, closed the 2025 financial year with a sharp decline in net profit compared to the previous year, according to company figures.
ICF reported a net profit of nearly 12 million dinars for 2025, down 44% from the 21.4 million dinars recorded in 2024.
Total revenue slipped 3% to 164.8 million dinars, down from 169.8 million a year earlier. However, the more significant hit came to gross margin, which fell 36% from 34 million dinars to 21.7 million. The drop was driven by a 5% increase in the cost of sales, which rose from 135.9 million dinars to 143.1 million dinars.
Operating income fell to 6.7 million dinars, compared with 16.8 million dinars in 2024. The decline was largely due to higher operating expenses, particularly raw material and energy consumption, a sector-wide challenge for the chemical industry.
One of the standout points of the fiscal year was the contribution from investment income. Thanks to active cash management, ICF generated 9.2 million dinars in financial income.
That amount is notable not only because it exceeded operating income itself, but also because it represented three times the company’s net financial expenses for the year. The performance underscores how ICF’s investment strategy has become a crucial safety net for overall profitability.
