ATL Publishes 2025 Financial Statements
After announcing its results and proposed dividend, ATL has published its financial statements for the 2025 fiscal year. The net income stood at 25,450 MTND, compared to 21,580 MTND the previous year.
Key Highlights
Some notable points include information about the company's asset quality. The coverage ratio of non-performing assets by provisions and accrued interest was 88.83%, compared to 86.77% as of December 31, 2024. The ratio of non-performing balance sheet assets was 7.16%, compared to 7.94% on the same date in 2024. The non-performing asset ratio was 6.99%, compared to 7.79% the previous year. It is clear that ATL focused on recovery during the 2025 year.
Average Resource Rate Increase
The average resource rate increased by 20 basis points in 2025, proving that the decrease in the benchmark interest rate is not necessarily reflected in the financial charges of the leasing sector. This trend is expected to be observed in the current fiscal year.
Consolidated Results
At the consolidated level, the net income attributable to the group was 26,454 MTND, representing a significant increase of 19.6% year-over-year.
Dividend Proposal
As a reminder, the board of directors has decided to propose to the next ordinary general meeting, to be held on Tuesday, April 21, 2026, the distribution of a dividend of 0.400 TND per share. The net yield is 4.6%. The leasing sector has been under pressure in recent days, with doubts about the ability of dealers to import enough vehicles to meet the demand of leasing companies.
Outlook
In our opinion, these restrictions by the Central Bank will not last long, limited to a few months. ATL, being very performant and profitable, is a stock to be preserved for those who hold it and to be acquired if the stock price drops further. This situation should be closely monitored.
