Faced with supply chain disruptions and geopolitical tensions, the Tunisian aluminum extrusion giant is experiencing a decline in revenue but is dramatically strengthening its balance sheet.
The second quarter of 2026 proved particularly challenging for Tunisie Profilés Aluminium (TPR). Amid geopolitical tensions in the Gulf and major incidents affecting its international suppliers, the Tunisian market leader had to navigate an unprecedented operating environment.
Despite a significant decline in business activity during the first half of the year, the company demonstrated notable industrial agility and achieved a massive 42% reduction in debt.
Significant temporary slowdown driven by external factors
TPR’s activity indicators as of June 30, 2026, reflect the direct impact of global logistical disruptions on local production chains. In the second quarter of 2026, the company’s standalone revenue fell by 24% to TND 48.2 million, compared with TND 63.45 million a year earlier.
For the first half as a whole, the overall decline in revenue stood at 12%, reaching TND 96.8 million. This contraction was primarily explained by three operational obstacles identified by the company’s management.
Indeed, recurring instability in the Gulf region severely disrupted maritime and commercial flows. In addition, two key strategic suppliers of aluminum billets suffered significant industrial damage, depriving TPR of a substantial portion of its primary raw material supplies.
Finally, supply constraints created logistical bottlenecks, directly slowing production rates at the company’s plant.
Debt reduction and preserved cash position
While gross industrial activity suffered a setback, with half-year production falling by 27% to TND 82.8 million, the group’s financial management demonstrated strong discipline.
The most remarkable development was the drastic decline in total debt, which fell by 42% to TND 53.5 million as of June 30, 2026, compared with nearly TND 92 million a year earlier.
This debt reduction was mainly driven by the net repayment of short-term loans (-49%), which fell from TND 83.7 million to TND 42.4 million, as a result of the mechanical decline in raw material purchases. At the same time, medium- and long-term debt increased by 35% to TND 11 million.
In terms of cash and liquid assets, TPR maintains a solid cushion of investments in commercial paper and Treasury bills amounting to TND 63.2 million (compared with TND 74.3 million a year earlier), providing excellent liquidity to meet future operational requirements.
