TELNET HOLDING has shown notable performances, as of June 30, 2025, confirming the resilience and diversification of its activities in a global economic context marked by a slowdown in European markets.
The group’s indicators reflect a positive dynamic in its main areas of activity, with solid EBITDA and a significant margin.
Product Engineering Research and Development Division
Representing 73.97% of the group’s operating revenue, this division remains the locomotive of TELNET’s activities. Despite a difficult international environment, the company has consolidated its achievements and anticipates more sustained growth in the coming quarters thanks to the launch of a new strategic project with a new client.
This slight progression is accompanied by a 14.97% increase in personnel expenses, mainly due to:
- The group taking into account the effects linked to the revision of the income tax scale in accordance with the 2025 finance law;
- A salary increase aligned with the national inflation rate, though more moderate than in 2024;
- A 4.4% increase in total staff in the first half of 2025.
PLM Services and Network Integration Division
This division, representing 12.9% of operating revenue, recorded a remarkable 21.8% growth. This performance is mainly driven by the development of services related to network integration, which continue to show strong growth potential.
New Space Technologies Division
The new showcase of the group, this division, which represents 13.1% of operating revenue, experienced a significant turning point this semester with the recognition of revenue amounting to 5.5 million dinars.
This revenue comes from partially delivered services within the framework of a strategic contract concluded with an African country, thus marking a decisive step toward the development of TELNET’s space activities.
Financial performance
The Group’s EBITDA reached 6.7 million dinars as of June 30, 2025, with a margin of 16.01%.
Meanwhile, TELNET HOLDING’s EBITDA (parent company) stands at 4.4 million dinars, with an impressive margin of 75.1%.
